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Vocabulary for IELTS (General) - Business

Here you will learn some English words about business, such as "consumer", "union", "negotiate", etc. that are needed for the IELTS exam.

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Words for General IELTS
brand
brand
[noun]

the name that a particular product or service is identified with

Ex: Building a reputable brand takes years of consistent effort and delivering on promises to customers .
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campaign
campaign
[noun]

a series of organized activities that are intended to achieve a particular goal

Ex: The vaccination campaign was successful in reaching vulnerable populations and preventing the spread of disease .
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client
client
[noun]

a person or organization that pays for the services of a company or recommendations of a professional

Ex: The therapist maintains strict confidentiality with each client's personal information .
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to compete

to join in a contest or game

Ex: The two teams will compete in the finals tomorrow .
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competitor

a person, organization, country, etc. that engages in commercial competition with others

Ex: The small business struggled to stand out among its larger competitors.
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consumer
consumer
[noun]

someone who buys and uses services or goods

Ex: Online reviews play a significant role in helping consumers make informed choices .
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financial
financial
[Adjective]

related to money or its management

Ex: She applied for financial aid to help cover tuition costs for college.
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management

the process or act of organizing or managing a group of people or an organization

Ex: Strong management practices can help foster a positive work environment and encourage collaboration among team members .
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to promote

to encourage the public to buy a product or use a service

Ex: The agency promoted the hotel ’s holiday packages through email ads .
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trade
trade
[noun]

the activity of exchanging goods or services

Ex: The Silk Road was an ancient network of trade routes connecting the East and West.
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union
union
[noun]

an organization formed by workers, especially in a particular industry, to protect their rights and improve their working conditions

Ex: Through solidarity and collective action , the union successfully lobbied for legislation to protect workers ' rights and strengthen labor laws .
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chairman
chairman
[noun]

someone who is in charge of a company, organization, etc., for the long term

Ex: During the conference , the chairman highlighted the importance of innovation and sustainability in future projects .
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distribution

the action of spreading, allocating, or apportioning something among recipients

Ex: The charity ensured fair distribution of supplies .
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corporation

a company or group of people that are considered as a single unit by law

Ex: The new environmental regulations will affect how the corporation conducts its business .
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entrepreneur

a person who starts a business, especially one who takes financial risks

Ex: Many entrepreneurs face significant risks but also have the potential for substantial rewards .
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financing
financing
[noun]

the act of providing a sum of money for running a business, activity, project, or individual needs, typically through loans, investments, etc.

Ex: Financing options vary , from traditional bank loans to crowdfunding platforms and angel investors , each offering different terms and conditions based on the borrower 's needs and financial situation .
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headquarters

the place where the main offices of a large company or organization are located

Ex: The tech giant 's headquarters feature state-of-the-art facilities and amenities .
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income
income
[noun]

the money that is regularly earned from a job or through an investment

Ex: The couple reviewed their monthly income and expenses to create a more effective budget .
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to manufacture

to produce products in large quantities by using machinery

Ex: They manufacture medical equipment for hospitals .
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market research

the act of gathering information about what people need or buy the most and why

Ex: The company 's decision to expand into new markets was informed by comprehensive market research, which highlighted emerging opportunities and potential challenges .
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to negotiate

to discuss the terms of an agreement or try to reach one

Ex: The homebuyers and sellers negotiated the price and terms of the real estate transaction .
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operator
operator
[noun]

someone who owns or manages a business

Ex: The operator invested in upgrading the facilities .
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profit margin

the difference between the earnings and the costs in a business

Ex: Analyzing competitors ' profit margins can provide valuable insights into market trends and competitive positioning .
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to sponsor

to cover the costs of a project, TV or radio program, activity, etc., often in exchange for advertising

Ex: The brand sponsors a popular TV show , showcasing its products during commercial breaks .
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strategy
strategy
[noun]

an organized plan made to achieve a goal

Ex: The government introduced a strategy to reduce pollution .
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slogan
slogan
[noun]

a short memorable phrase that is used in advertising to draw people's attention toward something

Ex: The environmental group 's slogan " Save the Earth , One Step at a Time " resonated deeply with the public during their campaign .
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to expand
to expand
[Verb]

to become something greater in quantity, importance, or size

Ex: Over time , his interests expanded beyond literature to include philosophy , art , and music .
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workforce
workforce
[noun]

all the individuals who work in a particular company, industry, country, etc.

Ex: Economic growth is often influenced by the productivity and size of the workforce.
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revenue
revenue
[noun]

the total income generated from business activities or other sources

Ex: The restaurant 's revenue increased during the holiday season .
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