Hi, my name is Kamila Dudka. Currently, I study in Business Management. I have been studying at Montmorency College for almost a year. I created this glossary to help people understand more the terms of the business world. This glossary will explain the meaning of 20 worlds related to the Business Management. Each word will have a definition, an audio pronunciation to help different people to understand how to correctly pronounce the word. Also, an example of how we can use the word in a sentence and if necessary, an image.
brand
noun
A type of product manufactured by a particular company under a particular name.
Example: What is clearly a dealers' market is often signalled by the invention of a BRAND name to group together a variety of material, perhaps rather disparate.
en: marque
budget
noun
An estimate of income and expenditure for a set period of time.
Example: These time - BUDGET studies, as they are known, reveal that the amount of time that housewives spend on housework has not significantly changed for several decades.
en: budget
business plan
noun
Example: The BUSINESS PLAN was the vehicle for communicating the strategic necessity for rationalization and work reorganization to the workforce while the participative job evaluation process maximized employee commitment to this strategic goal.
en: plan d'affaires
contract
noun
A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.
Example: Companies formed in the EC are similarly entitled to compete for tenders from public authorities, and to sub - CONTRACT work from such authorities, without discrimination on grounds of nationality.
en: contrat
credit
noun
The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Example: Some bank loans are provided in the form of a standby - CREDIT or commitment which means a bank will provide funds if required to do so over a stated period, either on a fixed or floating rate basis.
en: crédit
employee
noun
A person employed for wages or salary, especially at nonexecutive level.
Example: Company policy states: "Annual remuneration is defined as the EMPLOYEE's basic salary as a result of the move.
en: employé(e)
entrepreneur
noun
A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
Example: During the course of the market process the competitive efforts of a particular producer - ENTREPRENEUR may lead him to offer something to the market which no one else is currently producing.
en: entrepreneur
franchise
noun
The right or license granted to an individual or group to market a company's goods or services in a particular territory.
Example: This is a fate Roddick has avoided by operating most of her shops under a FRANCHISE system.
en: franchise
insurance
noun
A practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
Example: Companies should therefore advise their expatriate employees to take out adequate INSURANCE cover.
en: assurance
label
noun
A small piece of paper, fabric, plastic, or similar material attached to an object and giving information about it.
Example: Place LABELled sample into the wooden box.
en: étiquette
manager
noun
A person responsible for controlling or administering all or part of a company or similar organization.
Example: This will enable the group or MANAGER presenting the information to get their own way more easily.
en: gérant
profit
noun
Money that is earned in trade or business after paying the costs of producing and selling goods and services.
Example: Tele2 Ireland's loss of PROFIT had to be its net loss of PROFIT. To obtain any substantial damages, therefore, it had to prove that it would have made a PROFIT on the contract during the relevant period it ran. 72.
en: profit
publicity
noun
Notice or attention given to someone or something by the media.
Example: PUBLICITY was the final aspect of promotion to be considered.
en: publicité
refund
noun
To give back or pay back.
Example: However, if your customer has become officially insolvent you may be allowed to claim a REFUND of the VAT charged.
en: remboursement
retail
noun
The sale of goods to the public in relatively small quantities for use or consumption rather than for resale.
Example: Boots (RETAIL division) also gives a guarantee to employees moving a second time if property prices are rising.
en: vente au détail
salesperson
noun
A person who sells goods, services, etc.
Example: Another form of sales force motivation is the award of recognitions in the form of a trophy or "SALESPERSON of the year" award.
en: vendeur
supplier
noun
A person or organization that provides something needed such as a product or service.
Example: If a company does not pay a SUPPLIER's bill on time it has the use of that money until it does so.
en: fournisseur
tax
noun
A charge usually of money imposed by authority on persons or property for public purposes.
Example: By contrast, the community charge is a poll TAX levied on all individuals aged 18 or over.
en: impôt
warranty
A written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time.
Example: No less is to be expected of a vehicle sold with a manufacturer's WARRANTY.
en: garantie
wholesale
noun
The selling of goods in large quantities to be retailed by others.
Example: Retail and WHOLESALE banks alike raise large sums of money on this market, and lend their surpluses there.
