Business Vocab 1
This refers to the overall income generated by a company.
What is revenue?
A payment to an employee based on a percentage of their sales.
What is commission?
The degree of variation in the trading price of a commodity over time.
What is volatility?
This idiom means to be in a difficult situation.
What is "in hot water
Pricing with different levels based on quantity or customer type.
What is a multi-tiered pricing model?
The minimum amount of products that must be ordered.
What is minimum order quantity?
Markets where raw or primary products are exchanged.
What are commodity markets?
A situation where there is severe lack of water.
What is a drought?
This idiom means to work late into the night.
What is "burn the midnight oil"?
We use this style of “voice” when talking about processes or to keep the focus on the “object” of negotiation and not the people involved.
What is the passive voice?
Long-term changes in temperature and weather patterns.
What is climate change?
A sudden and significant increase in the price of a commodity.
What is a price spike?
The process in cocoa production to develop the flavor of beans.
What is fermentation?
This idiom means to loose one’s temper.
What is “to come unglued”?
This idiom means to be very expensive.
What is "cost an arm and a leg"?
A guarantee covering repair or replacement of faulty products.
What is a warranty?
Intermediaries facilitating transactions between producers and consumers.
Who are middlemen?
A payment made to secure inventory before delivery.
What is an advance payment?
This idiom means to make a situation worse.
What is "add fuel to the fire"?
This is the type of English used when communicating with clients, supervisors, or subordinates.
What is formal English?
A strategy for handling unexpected challenges or events.
What is a contingency plan?
Evaluating all stages in production processing and distribution of a product.
What is supply chain analysis?
A set amount or target, especially in production or sales.
What is a quota?
This idiom means to have a lot of work to do.
What is "have a full plate"?
The idiom means to be in an impossible situation.
What is “between a rock and a hard place”?