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Essential Vocabulary 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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one person or a group of people's abilities and strengths, looked at as valuable assets
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 promotion of a particular product or company by means of advertising and distinctive design
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
