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CEFR C1 Vocabulary - Lesson 23
Here you will learn some English words about business and management, such as "acquisition", "invoice", "retailer", etc. prepared for C1 learners.
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acquisition
[noun]
the act of buying or obtaining something, especially something that is valuable
Master of Business Administration
[noun]
a second university degree in business management
retailer
[noun]
a store, person, or business that sells goods to the public for their own use, not for resale
commodity
[noun]
(economics) an unprocessed material that can be traded in different exchanges or marketplaces
cooperative
[noun]
an organization or business that is jointly owned and run by its members
audit
[noun]
a formal inspection of a business's financial records to see if they are correct and accurate or not
deficit
[noun]
the difference between the needed amount that is higher than the amount that is available, especially money
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
turnover
[noun]
the overall amount of profit made by a business or company over a specific period of time
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
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
cooperative
[adjective]
involving partnership of a group of people working toward a common goal
managerial
[adjective]
related to managing or supervising tasks, resources, or personnel within an organization
to administer
[verb]
to be responsible for a company, organization, etc. and manage its affairs, including financial matters
to publicize
[verb]
to draw public's attention to something by giving information about it as an act of advertisement
to take over
[verb]
to take control of a company or business, particularly by buying more shares
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
warehouse
[noun]
a large place in which raw materials or produced goods are stored before they are sold or distributed
operational
[adjective]
related to the way in which a business, organization, machine, etc. functions
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