Hello, my name is Moustafa Husseini, I am a business student at Ahuntsic College This universe is filled with interesting character which is very pleasant to study, my choice of program was very quickly chosen after having been informed about this program. In the perspective of the program, several words which students must know in order to be comfortable with the vocabulary of the business world. This glossary will help you more to pronounce the words correctly, but also to understand the definition that will support an image.I found my information on Google and Actively Engaged Online by Nicholas Walker.
account
noun
A register of financial transactions providing access to fund on demand, through a variety of different channels.
Example: This team, also to include representatives from throughout the organisation, should then collaboratively implement the new system by taking into account the needs of each department in addition to those of the organisation.
fr: compte
agreement
noun
A negotiated and typically legally binding arrangement between parties as to a course of action.
Example: Specific performance indicators could be identified by the manager of each work package subject to agreement of Project Manager.
fr: accord
bankrupt
noun
When a person or organization declared in law is unable to pay outstanding debts.
Example: Economic collapse was pending and the autocracy appeared bankrupt, the people and the soldiers joined together in a harmony of discontent, tsarist officers failed to support Nicholas II because he appeared increasingly inept.
fr: faillite
benefits
noun
An advantage or profit gained from something.
Example: The higher these multipliers are, the most increases in consumer income (generated through welfare benefits or tax cuts) will affect output.
fr: avantages
budget
noun
An estimate of income and expenditure for a set period of time.
Example: All three distribution channels are being utilised, mass merchandise, specialist and department stores No outstanding loans or R&D projects Advertising accounts for approx. 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: budget
business
noun
A person, partnership, or corporation engaged in commerce, manufacturing, or a service: profit-seeking enterprise or concern.
Example: Indian School of business Publication.
fr: affaires
capital
noun
Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Example: FINANCE PCD Maltron needs some considerable investment capital to get at that global market and supply it.
fr: capitale
cash flow
noun
The total amount of money being transferred into and out of a business, especially as affecting liquidity.
Example: "A consistent and sustainable cash flow stream from product sales is key to any long-term investment, and the best way to attain a stable revenue stream is a 'cash cow' product, leading products that command a large market share in mature markets."
fr: flux de trésorerie.
competitor
noun
A rival organization that makes, buys, or sells goods or provides services in exchange for money.
Example: Sales are susceptible to changes in consumer demand, changes in competitor pricing and an array of other external factors, meaning production may not always equal sale levels.
fr: concurrent
contract
noun
A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.
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. 2.
fr: contrat
cooperative
noun
A farm, business, or other organization that 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: coopératif
cost
noun
To estimate the price of making a product.
Example: This rise increases returns to saving as well as the cost of investment - as a result, investment drops while savings rise, withdrawing money from the economy's circulation and thus reducing spending.
fr: coût
credit
noun
The ability to obtain goods or services before payment, based on the trust that payment will be made in the future.
Example: Of concern to us as suppliers are the higher creditor days, but from a wider perspective there are problems with sales margins, profit per employee and returns to shareholders, amongst a number of other things.
fr: crédit
currency
noun
A system of money in general use in a particular country.
Example: The Treaty on European Union (1991) outlined a 3 stage development of the single market; liberalisation of capital movements and alignment of currencies in Exchange Rate Mechanism, economic convergence of member countries and finally the introduction of single currency and Economic Monetary Union (based on member state assessment).
fr: devise
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: Common management of fields meant that it required a consensus to make a change; hence it gave the small less progressive farmers the power to hold back the initiative of the large-scale entrepreneur.
fr: entrepreneur
fee
noun
A charge or payment for professionals services.
Example: I have suggested increasing the percentage that can be bought in as long as the fee per metre is greater than its purchase price.
fr: frais
marketing
noun
The action or business of promoting and selling products or services, including market research and advertising.
Example: This mindset also promotes a sense of rivalry between departments, similar to the 'typical' conflict between manufacturing and marketing (Shapiro, 1977).
fr: commercialisation
publicity
noun
The giving out of information about a product, person, or company for advertising or promotional purposes.
Example: Both Yahoo and Google have suffered from bad publicity surrounding their activities with China in recent months regarding either the disclosure of private information (in the case of Yahoo) or the filtering of information (in the case of Google).
fr: publicité
purchase order
noun
A commercial document used to request someone to supply something in return for payment and providing specifications and quantities.
Example: One of their carriers simply picks the monitors up at night, matches them up with the PCs by purchase order, and the next day delivers them to the customers.
fr: bon de commande
statement
noun
A summary of a commercial account showing an amount due.
Example: Problem statement "[Directors]
now face the dilemma of whether to concentrate on that customer base and remain a small tight team or whether to expand to grab the middle market opportunity that is presenting itself." - Case study The directors have to make a decision about whether to remain in their comfortable but small market niche or whether to risk entering a new market segment that is already hard-fought.
