ENG SK - types of business
vocabulary
vocabulary
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Lernkarten
big business
business which involves very large companies and very larger sums of money
venture
a business venture is a commercial undertaking, such of the launch of a new company, in which there is a risk of loss as well as an opportunity for profit.
(Projekt und Wagnis)
small business
is a business that does not employ many people and earns relatively little money
enterprise
a company or business, often a small one
company
business that makes money selling goods or services.
corporation
is a large business or company
start-up
small company that has recently been started by someone
a start-up company (adjective)
a start-up (noun)
commerce
refers to the activities and procedures involved in buying and selling things
--> we expanded into online commerce
lender
is a person or institution that lends money (person or bank)
overheads
overheads of a business are its regular and essential expenses, such as salaries, bills, retn
business angel
person who gives financial support to a commercial venture and receives a share of any proftis from it, but who doesn't expect to be involved in management.
business plan
detailed plan for setting up or developing a business, especially one that is written in order to borrow money.
venture capitalist
someone who makes money by investing in high risk projects.
verbs that go with:
overheads /
running costs
overheads:
- to cut
- to have high
- to have low
- to reduce
running costs
- annual
- day-to-day
- to cover
backer
someone who helps or supports a project, person or organiztion, often by lending money
breakeven
if a company reaches breakeaven, it makes enough money over a particular period of time in order not to make a loss. any more money that it makes after breakeaven is a profit.
budget
budget for something is the amount of money that a company decides to spend on a new particular project. for example building a new warehouse.
profit forecast
is a statement or set of figures, which aims to predict how much money a company will make over a particular period of time in the future.
primary sector
industries which produce raw materials
- agriculture
- mining
- fishing
- forestry
secondary sector
industries which produce things from raw materials.
production of finished goods.
- construction
- manufacturing
tertiary sector
industries which provide a service
- transport
- finance
- retail
- information service
sector
- agriculture, automotive, banking, technology, construction, energy, IT, retail, tourism etc
... - sector
private sector
part of country's economy which consists of industriets that aren't owned or controlled by the government.
public sector
part of economy that is controlled or financed by the government.
corporate sector
part of private sector which consists of businesses that supply goods and services.
productive sector
parts consisting of industries and companies that produce goods, that can be sold at home or abroad
financial sector
part of the private sector which consists of businesses that provide financial services
sole trader
person who owns their own business and does not have any partners or shareholders
plc
company who's shares can be bought by the public.
--> used after the name of a company (public limited company
AG
limited company
company, who's owerns are legally responsible for only a part if the company goes bankrupt.
gmbh
sister companies
two or more companies which are owned by the same parent organization
holding company
company, that has enough shares in one or more other companies to be able to control the other companies
associated company
is a company in which 20-50% of the shares are owned by another company or group.
franchise
a franchise is an authority that is sold to someone by an organization, allowing them to sell it's goods or services or take part in the activity which the organization controls.
group
i a number of separate commercial or industrial firms which all have the same owner.
subsidiary
is a company which is part of a larger and more important organization.
local partner
comapanies based in foreign countries with whom the company forms a partnership in order to start doing business in that country
acquisition
if a company or business person makes an acquisition, they buy another company or part of company.
joint venture
is a business or project in which two or more companies or individuals have invested, with the intention of working together.
merge
(verb)
if one company merges with another, they combine to form a single company.
--> to companies merge / are merged
