c1Vocabulary Pack

Business & Economics

Companies, markets, trade and the language of business.

71 words
English vocabulary

Add to my library

Sign up free to save this deck and track your progress

71 words

Definitions in: English
Same-language deck – the back side will show definitions, and example sentences will hide the target word.
  • 1
    stakeholdernounformal

    A person or group with an interest or concern in a business or project

    We need to consult all key stakeholders before making any changes to the supply chain.

  • 2
    subsidiarynounformal

    A company controlled by a larger parent company

    The tech giant acquired a small AI firm and turned it into a wholly owned subsidiary.

  • 3
    conglomeratenounformal

    A large corporation made up of several different businesses

    Samsung is a massive conglomerate with interests ranging from electronics to shipbuilding.

  • 4
    mergernounformal

    The combining of two companies into one entity

    The merger between the two airlines created the third-largest carrier in the world.

  • 5
    acquisitionnounformal

    The purchase of one company by another

    The acquisition of the startup cost them nearly two billion dollars.

  • 6
    shareholdernounformal

    A person who owns shares in a company

    Shareholders voted overwhelmingly in favour of the new CEO at the annual general meeting.

  • 7
    board of directorsnoun phraseformal

    The governing body elected to oversee a company's activities

    The board of directors approved a restructuring plan that would eliminate 3,000 positions.

  • 8
    leveragenounformal

    The power or advantage gained from a position, or the use of borrowed capital

    Having exclusive distribution rights gives us considerable leverage in negotiations.

  • 9
    diversifyverbneutral

    To expand a business into different areas or products to reduce risk

    The oil company is looking to diversify into renewable energy sources.

  • 10
    outsourceverbneutral

    To contract work to an external company rather than doing it in-house

    They decided to outsource their customer service operations to a call centre in Manila.

  • 11
    streamlineverbneutral

    To make a process or organization more efficient by simplifying it

    We've streamlined the approval process so that new projects can get started within a week.

  • 12
    downsizeverbneutral

    To reduce the number of employees or scale of operations

    The company was forced to downsize after losing its biggest contract.

  • 13
    restructureverbformal

    To reorganize the structure of a company or system

    The new CEO's first priority was to restructure the company's debt before it became unmanageable.

  • 14
    tariffnounformal

    A tax imposed on imported or exported goods

    The new tariffs on steel imports have significantly increased manufacturing costs.

  • 15
    supply chainnoun phraseneutral

    The entire process of producing and delivering a product, from raw materials to the consumer

    The pandemic exposed just how fragile global supply chains really are.

  • 16
    procurementnounformal

    The process of obtaining goods or services, typically for a business

    The procurement department negotiated a 15% discount on raw materials.

  • 17
    monetaryadjectiveformal

    Relating to money or currency, especially the policies of a central bank

    The central bank tightened monetary policy by raising interest rates to combat inflation.

  • 18
    equitynounformal

    The value of ownership in a company, or shares representing that ownership

    The founders retained 60% equity in the company after the first round of funding.

  • 19
    volatilitynounformal

    The tendency for rapid and unpredictable change, especially in markets

    Market volatility has increased sharply in response to geopolitical tensions.

  • 20
    austeritynounformal

    Strict government economic policies aimed at reducing public spending

    Years of austerity left public services severely underfunded.

  • 21
    stagnationnounformal

    A period of little or no economic growth or activity

    The country has experienced economic stagnation for nearly a decade.

  • 22
    turnovernounneutral

    The total revenue of a business, or the rate at which employees leave and are replaced

    The company reported an annual turnover of £50 million, up 12% from the previous year.

  • 23
    venture capitalnoun phraseformal

    Funding provided to early-stage companies with high growth potential

    The startup secured $10 million in venture capital to scale its operations.

  • 24
    dividendnounformal

    A payment made by a corporation to its shareholders from profits

    The company declared a dividend of 45 pence per share.

  • 25
    monopolynounneutral

    Exclusive control of a commodity or service in a market

    Critics argue that the tech giant has effectively established a monopoly in online advertising.

  • 26
    lucrativeadjectiveneutral

    Producing a great deal of profit

    The pharmaceutical industry remains one of the most lucrative sectors in the world.

  • 27
    viableadjectiveneutral

    Capable of working successfully; feasible in a business context

    We need to determine whether the project is commercially viable before committing more resources.

  • 28
    allocateverbformal

    To distribute resources or funds for a particular purpose

    The board decided to allocate an additional $2 million to research and development.

  • 29
    capitalize onphrasal verbneutral

    To take advantage of a situation or opportunity for profit or benefit

    The company was quick to capitalize on the growing demand for plant-based foods.

  • 30
    undercutverbneutral

    To offer goods or services at a lower price than a competitor

    Foreign manufacturers are undercutting domestic producers by as much as 30%.

  • 31
    markupnounneutral

    The amount added to the cost price to determine the selling price

    Retailers typically apply a markup of around 50% on wholesale prices.

  • 32
    franchisenounneutral

    A licence to operate a business using another company's brand and model

    She bought a fast-food franchise and opened three locations within two years.

  • 33
    commoditynounformal

    A raw material or primary product that can be bought and sold

    Oil remains the most traded commodity in the world.

  • 34
    bailoutnounneutral

    Financial assistance given to a failing business or economy to save it from collapse

    The government's bailout of the banking sector was deeply controversial.

  • 35
    benchmarknounformal

    A standard or reference point against which things can be compared or assessed

    The S&P 500 is widely used as a benchmark for overall market performance.

  • 36
    forecastnounneutral

    A prediction about future business or economic conditions

    The latest economic forecast suggests GDP growth will slow to 1.2% next year.

  • 37
    forecastverbneutral

    To predict or estimate future business or economic conditions

    Analysts are forecasting a sharp decline in consumer spending over the next quarter.

  • 38
    deficitnounformal

    The amount by which spending exceeds income or revenue

    The country's trade deficit widened to a record $80 billion last year.

  • 39
    surplusnounformal

    An amount of something left over when requirements have been met; income exceeding expenditure

    Germany has consistently run a trade surplus thanks to its strong export sector.

  • 40
    portfolionounformal

    A range of investments or products held by a person or company

    The company has expanded its product portfolio to include sustainable packaging solutions.

  • 41
    break evenverb phraseneutral

    To reach a point where revenue equals costs, with neither profit nor loss

    The startup expects to break even within its third year of operation.

  • 42
    revenuenounformal

    The total income generated by a business before expenses are deducted

    The company's revenue grew by 18% year on year, driven by strong demand in Asia.

  • 43
    marginnounneutral

    The difference between cost and selling price, expressed as a percentage of revenue

    Our margins have been squeezed by rising raw material costs.

  • 44
    insolvencynounformal

    The state of being unable to pay one's debts

    The company was teetering on the brink of insolvency before the emergency funding came through.

  • 45
    hedgeverbformal

    To protect against financial loss by making counterbalancing investments

    Many airlines hedge against fuel price fluctuations by buying futures contracts.

  • 46
    due diligencenoun phraseformal

    A thorough investigation of a business before signing a contract or making an investment

    The acquisition fell through after due diligence revealed significant liabilities.

  • 47
    scalableadjectiveneutral

    Capable of being expanded or increased in size or scope efficiently

    Investors want to see that your business model is scalable before they'll commit funding.

  • 48
    disruptverbneutral

    To radically change an industry or market through innovation

    Streaming services have completely disrupted the traditional television industry.

  • 49
    ROInounneutral

    Return on investment – a measure of the profitability of an investment

    The marketing team needs to demonstrate a clear ROI on their digital campaigns.

  • 50
    liableadjectiveformal

    Legally responsible, especially in the context of business obligations

    The directors could be held personally liable if the company is found to have traded while insolvent.

  • 51
    liabilitiesnounformal

    Financial obligations or debts owed by a company

    The company's liabilities now exceed its assets, which is a serious red flag for investors.

  • 52
    inflateverbneutral

    To increase prices, costs, or values artificially or excessively

    Critics accused the company of inflating its revenue figures to attract investors.

  • 53
    deregulationnounformal

    The removal of government regulations from an industry

    Deregulation of the airline industry led to lower fares but also increased consolidation.

  • 54
    incentivizeverbformal

    To motivate or encourage action through rewards or benefits

    The government plans to incentivize green investment through tax breaks.

  • 55
    consortiumnounformal

    A group of companies or organizations that join together for a common purpose

    A consortium of banks agreed to provide the $5 billion in financing needed for the project.

  • 56
    yieldnounformal

    The income return on an investment, typically expressed as a percentage

    Bond yields have been falling steadily as investors seek safe-haven assets.

  • 57
    auditnounformal

    An official examination of a company's financial accounts

    The annual audit revealed several discrepancies in the company's expense reports.

  • 58
    compliancenounformal

    The act of conforming to laws, regulations, or standards in business

    The company faces heavy fines for non-compliance with data protection regulations.

  • 59
    entrepreneurnounneutral

    A person who starts and runs businesses, taking on financial risk

    She's a serial entrepreneur who has founded four companies in the last decade.

  • 60
    start-upnounneutral

    A newly established business, especially one seeking to grow rapidly

    The start-up raised $30 million in its Series A funding round.

  • 61
    leverageverbneutral

    To use something to maximum advantage

    We need to leverage our existing customer base to drive sales of the new product line.

  • 62
    liquidateverbformal

    To wind up a business by selling off its assets

    The court ordered the insolvent firm to liquidate all remaining assets.

  • 63
    fiscaladjectiveformal

    Relating to government revenue, especially taxes, or to financial matters

    The government introduced a series of fiscal measures to stimulate economic recovery.

  • 64
    overheadsnounneutral

    The ongoing costs of running a business that are not directly tied to production

    Moving to a smaller office was part of a broader effort to reduce overheads.

  • 65
    depreciationnounformal

    The reduction in value of an asset over time, or a decline in a currency's worth

    The depreciation of the machinery is factored into our annual accounts.

  • 66
    bottom linenoun phraseneutral

    The final total of an account or the fundamental and most important factor

    Cost-cutting measures improved the bottom line by £4 million in the second half of the year.

  • 67
    sanctionsnounformal

    A penalty or restrictive measure imposed by a government on another country or entity

    International sanctions have severely limited the country's ability to trade on global markets.

  • 68
    floatverbformal

    To offer shares of a company for sale on the stock market for the first time

    The company plans to float on the London Stock Exchange later this year.

  • 69
    overheadnounneutralAmerican English

    American English word (used as an uncountable noun) for the indirect running costs of a business, such as rent and utilities; British English typically uses the plural 'overheads'.

    We moved to a smaller office to cut our overhead during the downturn.

    We moved to a smaller office to reduce our fixed running costs during the downturn.

  • 70
    capitalise onverbneutralBritish English

    British English spelling of the phrasal verb meaning to exploit an opportunity or advantage for one's benefit; American English spells it 'capitalize on'.

    The firm was quick to capitalise on its rival's supply-chain problems.

    The firm quickly took advantage of its rival's supply-chain problems.

  • 71
    incentiviseverbneutralBritish English

    British English spelling of the verb meaning to provide motivation or financial encouragement for a desired action; American English spells it 'incentivize'.

    The board introduced bonuses to incentivise managers to hit their targets.

    The board introduced bonuses to motivate managers to hit their targets.

Learn anywhere, even offline

Download decks to your phone and practice without internet. Perfect for commutes, flights, or anywhere with spotty connection.

Talk business like a professional with vocabulary drawn from the boardroom, the market, and the wider economy. This pack covers company structure, negotiation and trade, plus the economic ideas behind growth, competition, and profit. Aimed at upper-intermediate and advanced learners, it sharpens the precise, formal language that meetings, reports, and confident workplace conversation demand.

Other levels of Business & Economics

More English vocabulary at C1