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

Advanced Deck 1

Total: 20 words

recession

noun

a temporary depression or decline in economic activity or prosperity

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depression

noun

period when excess aggregate supply overwhelms aggregate demand, resulting in falling prices, unemployment problems, and economic contraction

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regulation

noun

a principle, rule, or law designed to control or govern conduct

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intellectual property

noun

the set of intangible assets owned and legally protected by a company from outside use or implementation without consent

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valuation

noun

the act of estimating or setting the value of something; appraisal

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encryption

noun

the act or process of encrypting something; a conversion of something (such as data) into a code or cipher

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bond

noun

a security representing the debt of the company or government issuing it

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price war

noun

a period of intense competition among businesses in which each competitor tries to cut retail prices below those of the others

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close the deal / strike a deal / secure the deal

idiom

to reach an agreement

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think outside the box

idiom

to explore ideas that are creative and unusual and that are not limited or controlled by rules or tradition

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implementation

noun

the process of putting something into effect

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whereas

conjunction

compared with the fact that; while on the contrary

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financial management

noun

the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization

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localization

noun

the process of organizing a business or industry so that its main activities happen in local areas rather than nationally or internationally

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purchasing power

noun

the amount of money that a person or group has available to spend; the value of money thought of as how much it can buy

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cyclical

adjective

of or relating to a variable, such as housing starts, car sales, or the price of a certain stock, that is subject to regular or irregular up-and-down movements

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people skills

noun

the ability to work with or talk to other people in an effective and friendly way

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joint venture

noun

a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task

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talent pool

noun

the suitable, skilled people who are available to be chosen to do a particular type of job

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customer retention

noun

the fact of keeping a customer for a period of time

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