We’re going to go over the meaning of some business-related words. If you’re a business executive and currently taking ESL lessons, it’s important that you review them once in a while so you don’t lose track of their subtleties, since these words are the basic substance of your communication. We hope the following list helps you keep your English fluent and robust. Good luck!
Acquisition – When one person or enterprise takes ownership of another business. It is often used along with the word merger, like in mergers and acquisitions or M&As.
Advertising – The use of communicational techniques with the purpose of attracting the public’s attention, generally through paid announcements, broadcasts, and electronic media.
Appraisal – An estimation of a product’s value on the open market. It also refers to the way that such estimation is made.
Business Incubator – A business whose main purpose is to provide workspace, coaching, and support services to other business (usually starting entrepreneurs and early-stage businesses).
Business Valuation – A way to estimate a business’ value by means of its assets.
Consumer Direct Marketing – A form of Network Marketing in which the distributors are also consumers of the product they sell.
Corporation – An organization recognized as a separate legal entity that has its own rights, privileges, and liabilities distinct from those of its members’.
Downline – In a Multi-Level Marketing business, the group of people signed up underneath an individual who receives payment on their sales.
Entrepreneur – An individual who starts a business, organizes it, is responsible for its development, and assumes the risks.
General Partnership – An organizational structure in which each general partner shares in the administration, profits and losses of the operation.
Home Based Business – As the name suggests, a home based business is a business located and operated from its owner’s home. It doesn’t necessarily refer to a small business; it can also be a large business, as long as it’s run from home.
Independent Contractor – A person who independently trades or does business, offering their services to the public directly. The person or company that contracts their services can only define the result they want, but not the means or methods used to accomplish such result.
Intrapreneur – A intrapreneur is an entrepreneur who works within a large corporate environment.
Joint Venture – A legal entity created by two or more businesses that come together to lead a business of specific objectives with both parties sharing profits and losses. The difference between a Joint Venture and a strategic alliance is that a Joint Venture is an actual legal entity.
Limited Liability Company (LLC) – A legal entity that is not taxable itself and distributes the profits to its owners, but shields personal assets from business debt like a corporation.
Limited Partnership – A business arrangement in which the daily operations are operated by one or more general partners and funded by limited or silent partners who are legally liable for losses based on how much they invested.
Line of Credit – Similar to a business loan, with the difference that the borrower only pays interest on the amount actually used.
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Tags: Business English, business english vocabulary, english for business, esl lessons, esl lessons for executives