The Business World

one person or a group of people's abilities and strengths, looked at as valuable assets

an area in a town where where goods and services are bought and sold

the act of buying and selling goods and services, particularly between countries

International commerce plays a vital role in global economic development, facilitating trade between nations.

an administrative unit or organization within a government or larger institution

The Environmental Protection Agency enforces regulations on pollution.

related to the purchasing and selling of different goods and services

Commercial transactions involve the exchange of goods or services for money.

the manufacture of goods using raw materials, particularly in factories

The automotive industry is a major contributor to the national economy.

a company

The family-owned enterprise has been in operation for over three generations.

a company or group of people that are considered as a single unit by law

The corporation expanded its operations into international markets last year.

the workforce of an organization, viewed in terms of their talents, experience, and potential contributions

The company invested heavily in developing its human resources through training programs.

involving a large company

The corporate headquarters of the company are located in New York City.

the act or process of launching something

The start-up of the new program took longer than expected.

to establish the main office or administrative center of an organization or company in a particular location

The company is headquartered in London.

a legal or contractual permission granted by a company to an individual or group, allowing them to market, sell, or distribute its products or services within a defined territory

The company granted him a franchise to operate in the northern region.

to undertake a risky or daring journey or course of action

It took courage for the astronauts to venture into outer space where one small error could prove fatal.

an organized plan made to achieve a goal

Their marketing strategy increased sales last year.

to produce products in large quantities by using machinery

The company manufactures electronic devices, such as smartphones and tablets.

machines, especially large ones, considered collectively

The factory was filled with heavy machinery, each performing a specific function in the production line.

a building or room in which particular goods are made or fixed by different means

The carpentry workshop is equipped with saws, drills, and sanders for making wooden furniture.

the difference between the earnings and the costs in a business

The company's profit margin increased significantly after implementing cost-saving measures and streamlining operations.

(always plural) money received for work done or services provided

The company reported higher-than-expected earnings for the quarter, boosting investor confidence.

a natural or legal person that owns at least one share in a company

someone acting on behalf of others

The elected representative voiced the concerns of her constituents in the parliament.

to cover the costs of a project, TV or radio program, activity, etc., often in exchange for advertising

The company sponsored the local sports team, contributing to their uniforms and equipment.

the joining of two companies or organizations together to form a larger one

The merger between the two leading airlines created one of the largest aviation companies in the world.

a social or business relationship

the process and activities required to control and manage an organization

The nurse is responsible for the administration of medications at the correct times.

related to the management and organization of tasks, processes, or resources within an organization or system

The administrative staff handles day-to-day operations in the office.

a person in a high-ranking position who is responsible for making important decisions in a company or organization

She works as a senior executive in a global firm.

a public place where people buy and sell groceries

He set up a stand at the market to sell homemade jams and preserves.

the name that a particular product or service is identified with

Apple is known for its innovative products and strong brand identity worldwide.

an act of raising someone to a higher rank or position

A promotion often comes with increased responsibilities.

to draw public's attention to something by giving information about it as an act of advertisement

The company hired a marketing team to publicize its new product through various media channels.

to start an organized activity or operation

They plan to launch a marketing campaign to promote the event.

the process of supplying shops and other businesses with products to be sold

The company improved its distribution network to ensure products reach stores faster.

furniture with a back and often four legs that we can use for sitting

I placed my bag on the empty chair next to me.

a person of senior rank in charge of a company's technological matters

The chief technology officer is responsible for overseeing the company's technological strategy and innovation.

a person who starts a business, especially one who takes financial risks

As an entrepreneur, she started her own tech company with just a small investment.

someone who buys and sells goods wholesale

The merchant traveled across the seas to trade spices and silk with distant lands.

a person of the highest authority over a company's financial matters

The chief financial officer presented the quarterly financial report to the board of directors.

the highest-ranking person in a company

The CEO announced a new strategy for the company.