Vocab 1
What does it mean to "set up" a business?
Set up = start or begin
What does it mean for a company to "expand"?
Get bigger.
What is a "competitor"?
A competitor is another company that sells the same thing you do.
What is the name for someone who buys something from a store? (NOT customer)
Consumer
What's ATM stand for?
Automatic Teller Machine
What does it mean for a company to be "at a loss"?
It means the company is losing money.
What does it mean to export something?
Export means to send a product to another country.
What does "CEO" stand for?
Chief Executive Officer
What is the minimum wage in Ontario?
$15.50
Investing money
What does it mean for a company to "break even"?
Make just enough money; neither lose or make money.
What is an import?
Getting a product from another country.
How much money you earn per year.
What does it mean to "deposit money" in a bank?
It means to put money in.
What is the word when you owe a lot of money to someone/something?
What are "wages"?
How much you make per hour. Money.
healthcare, education, politics..etc.
What does it mean to "expedite" an order?
Make it go faster.
What's the word when you want to take money from the bank?
Withdraw
What does it mean to "make a killing"?
Make a lot of money
What does "profit" mean?
A profit is how much money you earn after expenses.
What does it mean to "launch" a product?
It means introducing a product to your customers for the first time.
What is the name for someone who works at a business?
Employee
What does it mean to have a "joint account" at a bank?
You and someone else share the money in one account.
List 4 famous companies.
Various answers