WE ARE LUIS GONZALEZ AND ISIDORA DE RUYT, WE ARE SECOND YEAR BUSINESS ADMINISTRATION STUDENTS. THIS GLOSSARY ALLOWS TO UNDERSTAND VOCABULARY REGARDING PORTER'S FIVE FORCES ARTICLES, FACILITATES THE UNDERSTANDING AND WORK ON THIS TOPIC. THE DEFINITIONS WERE FOUND IN SCIENTIFIC AND RESEARCH TEXTS, IT CONTAINS 10 WORDS THAT WE CONSIDER TO BE THE MOST DIFFICULT TO UNDERSTAND. NEXT, WE INVITE YOU TO READ OUR WORK IN ORDER TO UNDERSTAND THE RESEARCH ARTICLE.
SOME DEFINITIONS IN THIS GLOSSARY ARE TAKEN FROM THE CAMBRIDGE ENGLISH DICTIONARY AND THE THESAURUS. (2021). RETRIEVED OCTOBER 7, 2021, FROM WWW.DICTIONARY.CAMBRIDGE.ORG/EN/
ABOVE
ADVERB
AT A HIGHER LEVEL OR LAYER
Example: COMPANY'S PROFITS ARE ABOVE AVERAGE
es: ENCIMA
BARRIER
SUSTANTIVO AND VERB
PREVENTS SOMETHING FROM MOVING FROM ONE PLACE TO ANOTHER.
Example: THE MAIN BARRIER TO ENTRY INTO THIS MARKET IS...
es: BARRERAS
FRAMEWORK
SUSTANTIVO
A SYSTEM OF RULES, IDEAS OR BELIEFS THAT IS USED FOR PLANNING
Example: THE FRAMEWORK OF THIS COMPANY IS DETERMINED BY THIS BOOK.
es: ESTRUCTURA
INFLUX
SUSTANTIVO
AN ARRIVAL OR ENTRY OF A LARGE NUMBER OF THINGS
Example: THE INFLUX OF SALES IS VERY GOOD
es: ENTRADA O AFLUENCIA
MAINLY
ADVERB
FIRST AND FOREMOST, IN ADVANCE OR PREFERENCE
Example: THE COMPANY SELLS MANY PRODUCTS BUT MAINLY SELLS CLOTHING
es: PRINCIPALMENTE
PROFITS
SUSTANTIVE
MONEY THAT IS EARNED IN TRADE AFTER PAYING THE COSTS OF PRODUCING
Example: THIS MONTH THE COMPANY HAD A PROFIT OF $1,000
es: GANANCIAS
RATION
SUSTANTIVO
DIVIDE SOMETHING INTO PARTS
Example: LET'S RATION THE COMPANY'S PROFITS AMONG THE 5 PARTNERS
es: RACIONAR
RETOOL
VERB
CHANGING MACHINES OR BRINGING NEW MACHINES INTO A COMPANY
Example: I WAS SENT HERE TO RETOOL THIS COMPANY
es: REEQUIPAR
STEAM
SUSTANTIVE AND VERB
THE HOT GAS THAT IS PRODUCED WHEN WATER BOILS
Example: LOOK AT THE STEAM COMING OUT OF THE WAVE.
es: VAPOR
SUPPLIER
SUSTANTIVE
PROVIDES THINGS THAT PEOPLE WANT OR NEED, ESPECIALLY OVER A LONG PERIOD OF TIME
Example: THEY USED TO BE A LEADING SUPPLIER OF OF MY COMPANY