ADMINISTRATION GLOSSARY

20 Industrial designer's glossary terms

This glossary will help me learn specific words related to my future career.

Benefits
noun
an advantage or profit gained from something.
Example: "enjoy the benefits of being a member"
fr: Bénéfice
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Brand
noun
a type of product manufactured by a particular company under a particular name.
Example: "a new brand of detergent"
fr: marque
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Cash cycle
noun
The cash cycle definition is the time it takes a company to turn raw materials into cash.
Example: my uncle's pizzeria cash cycle takes a week
fr: cycle de trésorerie
Competitive
adjective
relating to or characterized by competition.
Example: "a competitive sport"
fr: compétition
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Design
noun
a plan or drawing produced to show the look and function or workings of a building, garment, or other object before it is built or made.
Example: "he has just unveiled his design for the new museum"
fr: design
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Firm
noun
a business concern, especially one involving a partnership of two or more people.
Example: "a law firm"
fr: entreprise
Gross profit
noun
Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Example: apple made a gross profit of $450 million this year
fr: bénéfice brut
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Growth
noun
something that has grown or is growing.
Example: apple has a real growth since its inception
fr: croissance
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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
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Liquidity
noun
The availability of liquid assets to a market or company. Liquid assets; cash.
Example: "a firm may be unable to pay unless it has spare liquidity"
fr: liquidité
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Manufacture
noun
Manufactures are goods or products which have been made in a factory.
Example: a long-term rise in the share of manufactures in non-oil exports.
fr: Manufacture
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Margin
noun
an amount by which a thing is won or falls short.
Example: "they won by a convincing 17-point margin"
fr: marge
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Market
noun
an area or arena in which commercial dealings are conducted.
Example: "the labor market"
fr: marché
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Net income
noun
Net income (NI), also called net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses.
Example: Apple made a net income of $300 million in 2021
fr: revenu net
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Operating costs
noun
Operating costs are associated with the maintenance and administration of a business on a day-to-day basis.
Example: "one of apple's operating costs is the salaries of its employees"
fr: Coûts d'exploitation
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Operating expenses
noun
An operating expense is an expense a business incurs through its normal business operations.
Example: Apple's operating costs have increased this year due to the scarcity of the metal on the market
fr: charges d'exploitation
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Organization
noun
an organized body of people with a particular purpose, especially a business, society, association, etc
Example: "a research organization"
fr: organisation
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Partner
noun
either of a pair of people engaged together in the same activity.
Example: "arrange the children in pairs so that each person has a partner"
fr: partenaire
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Prototype
noun
a first, typical or preliminary model of something, especially a machine, from which other forms are developed or copied.
Example: "the firm is testing a prototype of the weapon"
fr: prototype
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Team development
noun
Team management refers to the various activities which bind a team together by bringing the team members closer to achieve the set targets.
Example: "team management is an important component within a company"
fr: gestion d'équipe