Business_Advantage_Intermediate_2

niche (an opportunity for a business to offer a product or service that is not offered by other businesses)

price sensitive (used to describe a product or service for which sales go up or down in relation to its price)

profit margin (the difference between the total cost of making and selling something and the price it is sold for, or between the total amount of money a company receives from sales and the total cost of producing all its products and services. The profit margin is often expressed as a percentage.)

turnover (the amount of money that a company gets from sales during a particular period)

cost-effective (cost-effective methods or processes bring the greatest possible advantage or profit when the amount that is spent is considered)

exceed (being more than a particular number or amount )

perspective (a particular way of considering something)

resource (to provide an organisation or department with money or equipment)

scope (the range of things that an activity, company, law, etc. deals with)

sole trader (a person who owns and operates a business alone)

stress (a feeling of worry and unhappiness because you have too much work or too many problems to deal with)

wastage (the fact of wasting something, or the amount of something that is wasted)

customer service (the way that an organisation deals with customers before, during, and after a sale, and the activities involved in dealing with customers)

cost-effective (cost-effective methods or processes bring the greatest possible advantage or profit when the amount that is spent is considered)

relationship-building (developing the way in which two or more companies, countries, or people behave towards each other)

value-adding (increasing the value of a resource, product, or service as the result of a particular process )

profit-sharing (used for describing a system by which employees receive a part of the profits of a business)

record-breaking (bigger in value, amount, or number, or better than anything that has happened before)

loss-making (relating to a business or part of a business that does not make a profit)

loss-making (relating to a period of time during which a person, company, etc. does not make a profit)

problem-sharing (used to describe the activity of telling other people about your problems in order to help solve them)

product-making (used to describe machinery, etc. which can manufacture products)

product-sharing (used to describe a service, website etc. which allows consumers to discuss and recommend products.)

product-pricing (used to describe the policy, strategy etc. that a company uses to decide prices for its products or services)

B2B (abbreviation for 'business-to-business', relating to business arrangements or trade between different businesses, rather than between businesses and the public, especially when this takes place over the Internet)

B2C (abbreviation for 'business-to-consumer', relating to the sale of products and services by businesses to consumers, especially over the Internet)

B2G (abbreviation for 'business-to-government', relating to trade in products and services between businesses and government, especially trade over the Internet)

C2C (abbreviation for 'consumer-to-consumer', relating to the buying and selling of products, services, and information between individual consumers, especially over the Internet)

G2B (abbreviation for 'government-to-business', relating to trade in products and services between government and business, especially trade over the Internet)

cost of sales (the amount of money that a company spends in order to make and sell products in a particular financial period, for example, on wages and raw materials)

creditors (the amounts in a company's accounts that show money that it owes, for example to suppliers (= companies that have sold them things) )

debtors (the money that is owed to a company and that is shown in its accounts as an asset)

expenses (money that you spend when you are doing your job, that an employer or other organisation pays back to you)

gross profit (a company's profit from selling goods or services before costs not directly related to producing them, for example interest payments and tax, are subtracted)