This Is a glossary of 20 words that are important in business. These words may help you to be more familiar with specific words of this field and help you to understand it.
benefits
noun
An advantage or profit gained from something.
Example: "Enjoy the benefits of being a member"
fr: Avantages
business
noun
A business is an organization where people work together. In a business, people work to make and sell products or services.
Example: Quantitive Methods of Analysis IB1020 Case study Business.
fr: affaires
company
noun
a commercial business.
Example: Introduction A few alternatives were analysed and this report comments specifically on the options that are available for the division not only to meet the target of the contract but also to minimise the cost incurred in the project, while adhering to the company's requirements.
fr: entreprise
cooperative
noun
A farm, business, or other organization which is owned and run jointly by its members, who share the profits or benefits.
Example: Kwak (2002) observes that start-ups were significantly more likely to choose a cooperative strategy when managers believed that complementary assets, such as channel relationships or a well known brand, were both critical to a product's success and expensive to reproduce.
fr: coopérative
corporation
noun
A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
Example: Review of the market In 2000 the total keyboard market was $2.2 billion (Venture Development corporation) and ergonomic keyboards are a growing share of this.
fr: société
enterprise
noun
A business or company
Example: A state-owned enterprise.
fr: entreprise
exchange
noun
An act of giving one thing and receiving another (especially of the same type or value) in return.
Example: Further workshops meetings in a relaxed, open atmosphere with the Ops Manager would 'clear the air' and allow for the exchange of views.
fr: échange
inventory
noun
A complete list of items such as property, goods in stock, or the contents of a building.
Example: 60% of budget Operating solely in Sonites market Suggested Future Plans: Increase advertising of SULI by 20% Increase Sales Force by 30 R&D possibility of entering Vodite market Lower production levels to reduce inventory Marketing Strategy Lessons Learnt: Carry out detailed analysis of market before launching R&D projects.
fr: inventaire
liability
noun
The state of being responsible for something, especially by law.
Example: The partners accept unlimited liability for any risks they undertake.
fr: responsabilité
money
noun
A current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
Example: Quality and Reliability: Keyboards are usually used for the whole of the working day so most manufacturers of keyboards offers some form of money back guarantee to attract potential customers.
fr: argent
organization
noun
An organized body of people with a particular purpose, especially a business, society, association, etc.
Example: "The long-term health of an organization depends on having some products that generate cash and provide acceptable profits plus others that use cash to support growth".
fr: organisation
partner
noun
Either of a pair of people engaged together in the same activity.
Example: Consequently, finding a good partner is one of the first steps to undertake.
fr: partenaire
price
noun
The amount of money expected, required, or given in payment for something.
Example: At this minimum cost, the yarn to be produced should be 320 metres and the remaining 180 metres are to be bought in. 20% reduction in cost of bought in yarn will decrease the price from £21 to £16.80.
fr: prix
products
noun
An article or substance that is manufactured or refined for sale.
Example: The marketing focus should be more towards securing distribution channels and advertising using real data that proves the effectiveness of the products.
fr: produits
profit
noun
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Example: The amount of cloth supplied to the customer can be increased to a maximum of 680m, but profit margins per metre are decreased Introduction A-Z Cloth UK has agreed to supply a customer at least 500 metres of cloth per week using yarn produced internally and bought in.
fr: profit
retail
noun
The sale of goods to the public in relatively small quantities for use or consumption rather than for resale.
Example: The product's retail price
fr: vente au détail
staff
noun
All the people employed by a particular organization.
Example: INNOVATION There is a problem in PCD Maltron regarding innovation which is typical of small businesses: the team is small and there is cross functionality, but staff with formal qualifications are nowhere to be seen.
fr: Personnel
stock
noun
The goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution.
Example: Similarly, the bottle supply for the detergents will be considered fixed and at full stock, though this may need confirming, due to possible re-ordering problems left behind from the previous management.
fr: Stock
tax
noun
A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
Example: Solely on financial grounds, Ireland should be selected in a 10 year analysis and Waltham in a 5 year one. - Prior to making a decision Craig Thomas should engage in more detailed cost benefit analysis exploring issues such the experience of operating in Santa Clara, the complexities of building a greenfield plant, the uncertainty of operating abroad, the reliability of the variable inputs (demand, price and variable cost), inflation and tax implications and the possibility of applying other capital appraisal techniques.
fr: impôt
trader
noun
A person who buys and sells goods, currency, or stocks.
Example: Noise trader Risk in Financial Markets and how to exploit it (Essay for the module IB 357 "Investment Management", due to 9 th of January 2006) , Erasmus Exchange Student, student ID Table of Contents Introduction Astonishingly, the academic interest in financial markets has a much shorter history than many other topics in economics.
