Business management glossary
Business management glossary
20 terms
My name is Livia, and I been in the program "Business management " for a year and a half now. In this glossary, we will see 20 words that are related to my program. This program includes different courses that allow us to be equipped to start a business. Marketing, human resources, informatics and accounting are topics we see. This glossary can be useful for others who are studying in this program as it includes words from all the subjects we can talk about in class. Obviously, in business it is very important to know how to speak English. Indeed, in the future, it is likely that we will have to make calls to international suppliers or else we will own an international company. Examples of situations that may occur as follows: producing publicity in English, having to communicate with employees who come from another country or doing business with customers from another country. In short, this glossary will help us to use words that are related to our future domain.
- accounting
- Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations.
- brand
- A category of products that are all made by a particular company and all have a particular name.
- company
- A company, is a project that is divided into strategies, policies and action plans, whose purpose is to produce and provide goods or services for a set of customers.
- customer
- In sales, commerce, and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product, obtained from a seller, vendor, or supplier.
- employer
- An employee is a person who has an employment under someone else in the non-productive spheres of the economy and whose work is more intellectual than manual.
- inventory
- Inventory refers to the raw materials, work-in-progress products, and finished goods that a company holds for the purpose of resale.
- management
- Management is the social science of planning, organizing, coordinating and controlling work and resources to achieve a goal.
- marketing
- Marketing is the process of identifying customers and creating, communicating, delivering and exchanging goods and services for customer satisfaction and retention. It is one of the main components of business management and commerce.
- office
- A room, set of rooms, or building used as a place for commercial, professional, or bureaucratic work.
- partner
- The term partner is refers to a partner in an economic or political project.
- product
- A product, in its most general sense, means the result of human activity in the form of a good or service.
- profit
- Profit is the financial gain obtained from an economic operation: typically, the difference between the income from the sale of a product and the cost of its production in capital investment and wages paid.
- publicity
- In marketing, publicity is the public visibility or awareness for any product, service, person or organization. It may also refer to the movement of information from its source to the general public, via the media.
- purchase
- To get something by paying money for it.
- salary
- A fixed amount periodically paid to a person for regular work or services.
- seller
- The party that makes a sale to a buyer. Also, called vendor.
- store
- A building or room where things are sold.
- tax
- A compulsory financial contribution imposed by a government.
- trade
- The activity or process of buying, selling, or exchanging goods or services.
- trend
- A general direction in which something is developing or changing.