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    Learn English > English lessons and exercises > English test #124499: Vocabulary: Business
    > Other English exercises on the same topics: Idioms | Jobs | Find the word [Change theme]
    > Similar tests: - Vocabulary: let's stay in a hotel - Jobs - Jobs-Vocabulary - At the police station - Vocabulary: let's go to the shops - The Postman / The Mail Rail - Vocabulary: Customer Service - At school: teaching equipment
    > Double-click on words you don't understand

    Vocabulary: Business


    To experienced economists, this vocabulary, though a little technical, will be easily understood. For average people who are simple consumers, not every word or expression will be clear... Only pick the concepts that you must understand and/ or use and which are very frequently heard in our present economic context.


     A breach of contract...


     A company   A business
     A firm  To be in business
     To run a business  To deal/ trade in  
     Trade/ trading  A trade/ trading agreement               
     To sign/ cancel a contract                            A breach of contract


       To compete=> a competition

     Rock bottom prices

     A businessman/ woman A head of a company
     The entrepreneurial spirit  To set up a company
     To set up one's own business  To set up a business on one's own      
     The brand image
      A brand/ a make
     A registered trademark
      A patent
     The law of supply and demand                        Competition
     Unfair competition  To compete with sb/ sth 
     A competitor Competitive
     Rock-bottom prices  Marketing
     To market  To do some market research
     A gap in the market An outlet

     The home market

     The domestic market

     The mark-up
     A profit margin A loss
     Gross/ net The turnover


       A branch/ a mark

         unfair competition



    - to meet the needs of the customer (to satisfy them)

    - to launch a product (to start selling a new product)

    - to break into new markets

    - to capture a market

    - to carve out a share of the market

    - to establish oneself  in a market

    - to saturate the market

    - business is good/ is bad!  Business is uncountable (verb in the singular)

    - to go into voluntary liquidation

    - to go into compulsory liquidation


     The financial year      The balance sheet 
     Assets   Liabilities
     Receipts   Takings
     Outgoings  Overheads/ oncosts                                  


         Why organise drive sales?

     A sales drive  A sample
     A trade fair  An exhibitor
     To make a profit    To be in deficit
     Compulsory liquidation                            To go bankrupt/ bankruptcy                    
     To refloat a company  A rescue plan

    There's a HUGE difference between a "Trade fair" (or show/ exhibition) and The "Fair trade" (trade carried on under a fair-trade agreement.)


    These words and expressions are very frequently heard, but not everyone of us has complete understanding and mastery of them...

    Don't worry! In the test, there's no trap, and you should all pass with flying colours! Go for it!



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    English exercise "Vocabulary: Business" created by here4u with The test builder. [More lessons & exercises from here4u]
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    1. Since Uncle Tom started five years ago, it has become profitable and very well-known in the district.

    2. 'Not only has my new car a very good engine and a strong , but it is also beautiful and comfortable. I love driving it!'

    3. In time of crisis and unemployment, workers often follow the law of and do not hesitate to move from one area to another busier one in order to find a steady job.

    4. 'Sorry, Sir, I’m usually very attached to your products, but in the present and outrageous circumstances, I’ll go to after complaining to your manager.'

    5. In the area, the economic situation is such that farmers are selling off their surplus of fresh and organic fruits and vegetables at to avoid losing their production.

    6. In our modern economy, companies must in order to define their commercial strategies with the right objectives.

    7. 'Our satisfactory should enable us to invest in a new profitable machine.'

    8. Because of the terrible storms following the drought, farmers have suffered a great and fear for the survival of their agricultural exploitations.

    9. Reducing the cost of finance to our firm will help us , while maintaining our improvement of quality and performance of our production.

    10. Despite its growth, the Company has not significantly increased its .

    11. At his cousin’s wedding reception, Luke all the dishes in the buffet. He was feeling a little sick afterwards! Greedy boy !




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