Choose the synonym, according to the chapter
Esteemed (The esteemed professor offered his expertise to the struggling business)
a. Despised
b. Scorned
c. Respected
d. Disliked
e. Hated
Respected
A position that supports a company's further development or expansion.
a. Peak
b. Top
c. Foothold
d. Pinnacle
e. Zenith
Foothold
resource allocation
Ex: Effective resource allocation involves strategically distributing available resources to maximize productivity and achieve organizational goals
A strategic goal are a goal specifically designed to impact a company or its economic position unfavorably.
A strategic goal is a goal specifically designed to impact a company or its economic position favorably.
A business's _____ can be measured by its return on investment
The company's _____ has improved significantly since the implementation of cost-cutting measures
A business's profitability can be measured by its return on investment
The company's profitability has improved significantly since the implementation of cost-cutting measures
Booming (The city's economy is booming, leading to increased job opportunities and higher property values)
a. Thriving
b. Resonant
c. Declining
d. Shrinking
e. Roaring
Thriving
A quality or condition that helps a company succeed.
a. Edge
b. Limit
c. Disadvantage
d. Boundary
e. Rim
Edge
threat
Ex: The company's biggest threat is the potential for a new competitor entering the market
A minor player is a person or a business that is very important and has a lot of influence.
A minor player is a person or a business that is not important and does not have a lot of influence.
After weeks of negotiations, the company finally _____ the multi-million-dollar deal.
Our flight is scheduled to _____ at 3 pm
After weeks of negotiations, the company finally landed the multi-million-dollar deal.
Our flight is scheduled to land at 3 pm
Target audience (A target audience for a product is defined by characteristics such as age and income level that make up that group.)
a. Bystander
b. Focus group
c. Demography
d. Spectator
e. Target market
Target market
A random selection of people asked to give an opinion on a product or service.
a. Target market
b. Intended audience
c. Core business
d. Focus group
e. Target audience
Focus group
entrepreneurship
Ex: The government is actively promoting entrepreneurship to boost the local economy.
Research and development (I&C) is the field that applies research to complicate problems or destroy new business methods or products.
Research and development (R&D) is the field that applies research to solve problems or create new business methods or products.
Netflix's _____ in streaming services disrupted the traditional movie rental industry
The company rewards _____ with bonuses and promotion
Netflix's innovation in streaming services disrupted the traditional movie rental industry
The company rewards innovation with bonuses and promotion
Downturn (The global economy is facing a downturn, leading to job losses in many industries.)
a. Upswing
b. Decline
c. Increase
d. Rise
e. Upturn
Decline
*upswing=alza
The act of relying on mutual support or assistance in order to succeed.
a. Brotherhood
b. Interdependence
c. Incompatibility
d. Fellowship
e. Unconnectedness
Interdependence
Gross domestic product (GDP)
Ex: Germany's GDP grew by 3% last year.
Economic output is the amount of goods and services stolen by a company, region or country.
Economic output is the amount of goods and services produced by a company, region or country.
_____ can cause a lot of stress if you have difficulty paying it back
Examples of _____ include amounts owed on credit cards, car loans, and mortgages
Debt can cause a lot of stress if you have difficulty paying it back
Examples of debt include amounts owed on credit cards, car loans, and mortgages
Trade barrier (International trade agreements often focus on reducing trade barriers to promote global commerce)
a. Dumping
b. Protectionism
c. Embargoes
d. Trade restrictions
e. Open trade
Trade restrictions
Limits on quantities that cannot be legally exceeded.
a. Boundlessness
b. Shortage
c. Unrestrictedness
d. Lack
e. Quotas
Quotas
World Trade Organization (WTO)
Ex: The WTO's agreements aim to lower tariffs and eliminate non-tariff barriers
Free trade is trade between nations, which includes restrictions and fees.
Free trade is trade between nations without restrictions or fees.
The annual trade fair will be held at the city's convention center, a spacious _____ equipped to handle large crowds
The _____ for the wedding reception has yet to be decided
The annual trade fair will be held at the city's convention center, a spacious venue equipped to handle large crowds
The venue for the wedding reception has yet to be decided