Business Management Glossary
This glossary contains words related to the field of business
- Marketing
- noun
- The action or business of promoting and selling products or services, including market research and advertising.
- Example: Using TV as a medium for which to advertise they are reinforcing their MARKETING oriented practices by moving into mass media forms of advertising while still using forms of direct MARKETING to maintain existing customer relations.
- fr: Commercialisation
- Sale
- noun
- The exchange of a commodity for money; the action of selling something.
- Example: The Product Life Cycle Model This model is used to maximise revenue from the SALE of products.
- fr: Vendre
- Entrepreneur
- noun
- A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
- Example: It is worthwhile for an ENTREPRENEUR to invest in the company rather than trying to start a new company.
- fr: Entrepreneur
- Employee
- noun
- A person employed for wages or salary, especially at nonexecutive level.
- Example: Additionally, the facilitation of EMPLOYEE working environment raises the level of competence and safety consciousness of workers.
- fr: Employé
- Boss
- noun
- A person who is in charge of a worker, group, or organization.
- Example: Staffs just followed BOSS's prescription, focusing on cost-cutting and quality enhancing.
- fr: Chef
- Business
- noun
- The practice of making one's living by engaging in commerce.
- Example: Thinking of new ways of moving the farm BUSINESS forward.
- fr: Entreprise
- Stock
- noun
- The capital raised by a business or corporation through the issue and subscription of shares.
- Example: The pandemic had a huge impact on the stock market.
- fr: Action
- Investment
- noun
- The action or process of investing money for profit or material result.
- Example: I have made some money after investing in company X.
- fr: Investissement
- Leader
- noun
- The person who leads or commands a group, organization, or country.
- Example: As a strong LEADER and figurehead he created a hierarchal structure where decisions and control came from the top management and everyone else was 'working to orders.'
- fr: Leader 지도자 (ko)
- Publicity
- noun
- The giving out of information about a product, person, or company for advertising or promotional purposes.
- Example: Place Promotion: The Use of PUBLICITY and Marketing to Sell Towns and Regions .
- fr: Publicité
- Tax
- noun
- A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
- Example: Farmers are also exempt from paying income TAX instead they pay a land TAX which is set at the federal level for every territory and which is differentiated according to land quality.
- fr: impôt
- Customer
- noun
- A person or organization that buys goods or services from a store or business.
- Example: Business strategy was also clear and focused; placing particular emphasis on quality of goods and CUSTOMER service,.
- fr: Client
- Asset
- noun
- Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
- Example: The farm shop is a major ASSET for Manydown.
- fr: Actif
- Liability
- noun
- A thing for which someone is responsible, especially a debt or financial obligation.
- Example: Nevertheless, the shareholders with different tax LIABILITY do not necessarily have the same preference.
- fr: Passif
- Manager
- noun
- A person responsible for controlling or administering all or part of a company or similar organization.
- Example: Through my role as farm MANAGER, one of the areas of the farm that I am continually working to increase is that of profits in general and my budgetary analysis should assist this.
- fr: Gérant
- Bankrupt
- noun
- The state of being completely lacking in a particular quality or value.
- Example: One may wonder why easyJet performed so well, especially when so many other airlines went BANKRUPT.
- fr: Faillite
- Profit
- noun
- A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
- Example: Most owners want to maximize their PROFIT.
- fr: Profit
- Macroeconomics
- noun
- The part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.
- Example: Macroeconomic factors include economic outputs, unemployment rates, and inflation. These indicators of economic performance are closely monitored by governments, businesses and consumers alike.
- fr: Macroéconomie
- Microeconomics
- noun
- The part of economics concerned with single factors and the effects of individual decisions.
- Example: Consumer equilibrium, individual income and savings are examples of microeconomics.
- fr: Microéconomie
- Sales representive
- noun
- A sales representative is a person whose job is to sell products or services for a company.
- Example: A good sales representive is someone who can meet customer needs.
- fr: Représentant en vente
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