Essential Words Needed for TOEFL - The Business World
Here you will learn some English words about the business world, such as "agency", "industry", "venture", etc. that are needed for the TOEFL exam.
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human capital
[noun]
one person or a group of people's abilities and strengths, looked at as valuable assets
commerce
[noun]
the act of buying and selling goods and services, particularly between countries
agency
[noun]
a business or organization that provides services to other parties, especially by representing them in transactions
commercial
[adjective]
related to the purchasing and selling of different goods and services
industry
[noun]
all of the activities, companies, and people that are involved in providing a service or producing goods
corporation
[noun]
a company or group of people that are considered as a single unit by law
human resources
[noun]
(in an organization, company, etc.) a department that is in charge of hiring new employees and training them
headquarters
[noun]
the place where the main offices of a large company or organization are located
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
workshop
[noun]
a building or room in which particular goods are made or fixed by different means
to sponsor
[verb]
to cover the costs of a project, TV or radio program, activity, etc., often in exchange for advertising
administration
[noun]
the process and activities required to control and manage an organization
executive
[adjective]
using or having the power to decide on important matters, plans, etc.
marketing
[noun]
the act or process of selling or advertising a product or service, usually including market research
branding
[noun]
the promotion of a particular product or company by means of advertising and distinctive design
promotion
[noun]
the activity of drawing public attention to a service or product in order to help it sell more
to launch
[verb]
to make a new product or provide a new service and introduce it to the public
distribution
[noun]
the process of supplying shops and other businesses with products to be sold
chief technology officer
[noun]
a person of senior rank in charge of a company's technological matters
entrepreneur
[noun]
a person who starts a business, especially one who takes financial risks
chief financial officer
[noun]
a person of the highest authority over a company's financial matters
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