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CEFR C1 Vocabulary - Lesson 23

Here you will learn some English words about business, such as "acquisition", "invoice", "retailer", etc. prepared for C1 learners.

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CEFR C1 Vocabulary
acquisition
[noun]
the act of buying or obtaining something, especially something that is valuable
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Master of Business Administration
[noun]
a second university degree in business management
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associate
[noun]
a member of an organization with limited membership
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retailer
[noun]
a store, person, or business that sells goods to the public for their own use, not for resale
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commodity
[noun]
(economics) an unprocessed material that can be traded in different exchanges or marketplaces
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merchandise
[noun]
goods offered for sale or the ones bought or sold
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cooperative
[noun]
an organization or business that is jointly owned and run by its members
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audit
[noun]
a formal inspection of a business's financial records to see if they are correct and accurate or not
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deficit
[noun]
the difference between the needed amount that is higher than the amount that is available, especially money
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expenditure
[noun]
the act of using money
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invoice
[noun]
a list of goods or services received and their total cost
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margin
[noun]
(business) the difference between the amount of money spent to buy or produce something and the amount of money gained from its sale
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turnover
[noun]
the overall amount of profit made by a business or company over a specific period of time
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yield
[noun]
an amount of profit gained from an investment or business
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enterprise
[noun]
a company or business
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franchise
[noun]
a permission granted to a person or group by a government or company that enables them to sell their services or products in a specific area
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start-up
[noun]
a business or company that has just begun operation
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Ltd
[noun]
used after the name of a company to indicate that its owners are not legally responsible for all the money that the company owes but only to the amount they have invested in it
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venture
[noun]
a business activity that is mostly very risky
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net
[adjective]
final amount after the deduction of all costs
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cooperative
[adjective]
involving partnership of a group of people working toward a common goal
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incorporated
[adjective]
having become a legal business company
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managerial
[adjective]
related to managers and their work
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profitable
[adjective]
(of a business) making or yielding profit
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to administer
[verb]
to be responsible for a company, organization, etc. and manage its affairs, including financial matters
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to close
[verb]
to finalize a business deal
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to endorse
[verb]
to publicly state that one supports or approves someone or something
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to merge
[verb]
to join together or make things do so
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to publicize
[verb]
to draw public's attention to something by giving information about it as an act of advertisement
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to take over
[verb]
to take control of a company or business, particularly by buying more shares
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patent
[noun]
a formal document that gives someone the right to be the only one who makes, uses, or sells an invention or product for a limited amount of time
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shipping
[noun]
the act of transporting goods, particularly by sea
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warehouse
[noun]
a large place in which raw materials or produced goods are stored before they are sold or distributed
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operational
[adjective]
related to the way in which a business, organization, machine, etc. functions
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public relations
[noun]
the process of presenting a favorable public image of a person, firm, or institution
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