English for Business

Learning path · 10 study sets · 514 words · English vocabulary · Created by Openquiz Team

A learning pathway for English in economics, services, and sales for learners who want to develop communication skills and professional terminology.

Study sets in this learning path

Basic Economic Terms (52 words)
- economy /ɪ'kɒnəmi/ — the system of how money and goods are made and used
- supply /sə'plaɪ/ — how much of something is available to sell
- demand /dɪ'mɑ:nd/ — how much people want to buy
- market /'mɑ:kɪt/ — a place where people buy and sell
- price /praɪs/ — the amount of money something costs
- goods /ɡʊdz/ — physical things that can be bought or sold
- services /'sɜ:vɪsɪz/ — work done for others
- consumer /kən'sju:mə/ — a person who buys goods or services
- producer /prə'dju:sə/ — a person or company that makes goods
- cost /kɒst/ — money spent to make or buy something
Business Fundamentals (53 words)
- company /'kʌmpəni/ — a business organization
- business /'bɪznəs/ — the activity of buying and selling goods or services
- profit /'prɒfɪt/ — money earned after costs are paid
- revenue /'revənju:/ — total money received from sales
- customer /'kʌstəmə(r)/ — a person who buys goods or services
- management /'mænɪdʒmənt/ — the act of planning and controlling work
- employee /ɪm'plɔɪi:/ — a person who works for a company
- market /'mɑ:kɪt/ — a place where buyers and sellers meet
- strategy /'strætədʒi/ — a plan to reach a goal
- competition /,kɒmpɪ'tɪʃn/ — trying to win against others
Finance and Accounting (50 words)
- balance sheet /'bæl.əns ʃi:t/ — a report of assets and debts
- income statement /'ɪn.kʌm 'steɪt.mənt/ — a report of profit and loss
- cash flow /'kæʃ floʊ/ — money moving in and out
- investment /ɪn'vɛst.mənt/ — putting money in to grow
- equity /'ɛk.wɪ.ti/ — the owner's money in a business
- liability /,laɪ.ə'bɪl.ɪ.ti/ — money you owe
- asset /'æs.et/ — things a business owns
- debt /dɛt/ — money owed
- credit /'krɛd.ɪt/ — the ability to borrow money
- interest rate /'ɪn.trəst reɪt/ — the cost of borrowing money
Marketing and Advertising (53 words)
- brand /brænd/ — a name or image of a product
- campaign /kæm'peɪn/ — a planned set of actions
- consumer behavior /kən'sju:mər bɪ'heɪvjər/ — how people buy and use things
- target market /'tɑ:ɡɪt 'mɑ:kɪt/ — the main group of customers
- advertisement /,ædvər'taɪzmənt/ — a public notice that promotes a product or service
- promotion /prə'məʊʃən/ — a special effort or offer to sell a product
- audience /'ɔ:diəns/ — the people you want to reach
- branding /'brændɪŋ/ — creating a clear brand image
- digital marketing /'dɪdʒɪtl 'mɑ:kɪtɪŋ/ — marketing done online
- social media /'səʊʃəl 'mi:diə/ — online platforms to connect with people
Sales and Negotiation (51 words)
- deal /di:l/ — an agreement between people or groups
- discount /'dɪskaʊnt/ — a lower price than usual
- pitch /pɪtʃ/ — a talk to persuade someone to buy
- client /'klaɪənt/ — a person who buys goods or services
- negotiation /nɪ,ɡoʊʃi'eɪʃən/ — talking to reach an agreement
- closing /'kloʊzɪŋ/ — finalizing a sale
- prospect /'prɒspekt/ — a person who may become a customer
- commission /kə'mɪʃən/ — money earned for making a sale
- target /'tɑ:rɡət/ — something you want to achieve
- revenue /'revə,nu:/ — the money a business makes from sales
Customer Service (52 words)
- inquiry /ɪn'kwaɪəri/ — a request for details
- feedback /'fi:dbæk/ — a reply or comment
- support /sə'pɔ:t/ — help given to customers or users
- complaint /kəm'pleɪnt/ — a statement that you are unhappy about something
- resolution /,rezə'lu:ʃən/ — a way to fix a problem
- satisfaction /,sætɪs'fækʃən/ — the feeling of being happy with something
- customer /'kʌstəmə/ — a person who buys or uses something
- service /'sɜ:vɪs/ — help or work done for others
- agent /'eɪdʒənt/ — a staff member who helps customers
- policy /'pɒlɪsi/ — rules or guidelines
E-commerce and Retail (52 words)
- online store /'ɒn.laɪn stɔ:r/ — a store on the internet
- checkout /'tʃek.aʊt/ — the act of paying money
- cart /kɑ:rt/ — a place to keep items before buying
- logistics /lə'dʒɪs.tɪks/ — moving and storing goods
- payment gateway /'peɪ.mənt 'ɡeɪt.weɪ/ — a system that handles payments
- supply chain /sə'plaɪ tʃeɪn/ — the process of making and delivering goods
- inventory /'ɪn.vən.tɔ:r.i/ — goods a business has in stock
- customer service /'kʌs.tə.mər 'sɜ:.vɪs/ — help for customers
- discount /'dɪs.kaʊnt/ — a lower price
- promotion /prə'məʊ.ʃən/ — a special deal or discount
Economic Policy and Trade (50 words)
- import /ɪm'pɔ:t/ — bringing goods into a country
- GDP /,dʒi:.di:'pi:/ — the total value of goods and services a country makes
- inflation /ɪn'fleɪʃən/ — when prices go up over time
- deflation /dɪ'fleɪʃən/ — when prices go down over time
- recession /rɪ'seʃən/ — a time when the economy gets weaker
- economic growth /,i:.kə'nɒm.ɪk ɡrəʊθ/ — when the economy grows bigger
- tariff /'tær.ɪf/ — a tax on imported goods
- trade balance /treɪd 'bæl.əns/ — the difference between exports and imports
- export /'ek.spɔ:t/ — to sell goods to other countries
- subsidy /'sʌb.sɪ.di/ — money given by the government to help
Entrepreneurship and Innovation (51 words)
- startup /'stɑ:rtʌp/ — a new and small business
- entrepreneur /,ɒntrəprə'nɜ:r/ — a person who starts a new business
- innovation /,ɪnə'veɪʃən/ — creating new and better ideas
- founder /'faʊndər/ — a person who starts something
- venture capital /'ventʃər 'kæpɪtəl/ — money invested in risky new businesses
- pitch deck /pɪtʃ dɛk/ — a short presentation to ask for funding
- prototype /'prəʊtətaɪp/ — the first basic version of a product
- accelerator /ək'seləreɪtər/ — a program that helps new startups grow fast
- incubator /'ɪnkjubeɪtər/ — a place that helps startups grow from early ideas
- business model /'bɪznəs 'mɒdl/ — the way a business makes money
Business Communication (50 words)
- proposal /prə'pəʊ.zəl/ — a written plan or offer
- agenda /ə'dʒen.də/ — a list of topics for a meeting
- meeting /'mi:.tɪŋ/ — a time when people meet to talk
- presentation /,prez.ən'teɪ.ʃən/ — a talk that explains ideas or information
- follow-up /'fɒl.əʊ.ʌp/ — checking back and giving a response later
- deadline /'ded.laɪn/ — the last date to finish something
- feedback /'fi:d.bæk/ — comments or opinions about something
- confirmation /,kɒn.fə'meɪ.ʃən/ — saying yes or that something is correct
- collaboration /kə,læb.ə'reɪ.ʃən/ — working together with others
- announcement /ə'naʊns.mənt/ — a message that gives information

English for Business

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