Essential Vocabulary for TOEFL - The Business World

the physical or virtual space where goods, services, and commodities are bought, sold, or exchanged, often involving various sellers and buyers

the act of buying and selling goods and services, particularly between countries

a business or organization that provides services to other parties, especially by representing them in transactions

related to the purchasing and selling of different goods and services

all of the activities, companies, and people that are involved in providing a service or producing goods

a company

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

(in an organization, company, etc.) a department that is in charge of hiring new employees and training them

involving a large company

a business or company that has just begun operation

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

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

a business activity that is mostly very risky

an organized plan made to achieve a goal

to produce products in large quantities by using machinery

machines, especially large ones, considered collectively

a building or room in which particular goods are made or fixed by different means

the difference between the earnings and the costs in a business

(always plural) money received for work done or services provided

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

the joining of two companies or organizations together to form a larger one

an organization of people who have a common purpose

related to the management and organization of tasks, processes, or resources within an organization or system

using or having the power to decide on important matters, plans, etc. or to implement them

the act or process of selling or advertising a product or service, usually including market research

the activity of drawing public attention to a service or product in order to help it sell more

to dispose information about something, so that it publicly known

to make a new product or provide a new service and introduce it to the public

the process of supplying shops and other businesses with products to be sold

to lead a committee or meeting

a person of senior rank in charge of a company's technological matters

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

someone who buys and sells goods wholesale

a person of the highest authority over a company's financial matters

the highest-ranking person in a company