Business Vocabulary (Intermediate to Advanced – Top 300+ Terms)/
Upper Intermediate Deck 1

Upper Intermediate Deck 1

Total: 20 words

franchise

noun

an agreement in which an entrepreneur buys a license to use another business' products, brand, proprietary knowledge, and trade secrets

Unreviewed

franchisee

noun

an individual or a company that has the right to sell or rent another firm's products and to use its name

Unreviewed

layoff

noun

the act of suspending or dismissing an employee, as for lack of work or because of corporate reorganization

Unreviewed

macroeconomics

noun

a branch of economics that studies how an overall economy — the market systems that operate on a large scale — behaves

Unreviewed

microeconomics

noun

the social science that studies the implications of incentives and decisions, specifically about how those affect the utilization and distribution of resources

Unreviewed

offshore

adjective

located outside of one's national boundaries

Unreviewed

multinational

adjective

of, or relating to, or being a company with subsidiaries or other operations in a number of countries

Unreviewed

framework

noun

a structural plan or basis of a project

Unreviewed

interface

noun

a connection between two pieces of electronic equipment, or between a person and a computer

Unreviewed

non-profit

adjective

not conducted or maintained for the purpose of making a profit

Unreviewed

copyright

verb

to secure a copyright on

Unreviewed

startup

noun

(also 'start-up') a company in the first stage of its operations

Unreviewed

monopoly

noun

exclusive ownership through legal privilege, command of supply, or concerted action

Unreviewed

payroll

noun

a list of employees to be paid, with the amount due to each

Unreviewed

fiscal

adjective

relating to finance or financial matters, such as money, taxes, or public or private revenues

Unreviewed

accountability

noun

an obligation or willingness to accept responsibility or to account for one's actions

Unreviewed

turnover

noun

the amount received in sales for a stated period

Unreviewed

consumption

noun

the act of consuming, as by use, decay, or destruction

Unreviewed

commission

noun

an amount of money, typically a set percentage of the value involved, paid to an agent in a commercial transaction

Unreviewed

wholesale

adjective

of, relating to, or engaged in the sale of goods in large quantities for resale

Unreviewed