Company structure and ownership
partnership
a business owned by two or more people
colleague
someone you work with
Human Resources (HR)
The department that manages employees and recruitment.
profit
money left after costs are paid
launch a product
officially introduce a new product to the market
sole proprietorship
a business owned by one person
staff
all the people who work for an organization
Finance Department
The department that manages the company’s money and budgets.
revenue
money a company receives from sales
distribute
deliver products to customers or businesses
corporation
a large company legally separate from its owners
executive
a senior person in a company
Marketing Department
The department that promotes products and services.
turnover
the total value of sales during a period
enter a market
To start selling products or services in a new market or country.
subsidiary
a company controlled by another company
CEO
the person who manages the company at the highest level
Customer Service
The department that helps customers and deals with their problems.
budget
a plan for how money will be spent
outsource
use an outside company to perform work.
shareholder
a person who owns shares in a company
workforce
all the employees of a company
R&D
The department that develops new products, technologies, and ideas.
investment
money put into a business to make a profit
expand
become larger or increase business activities