Advanced English vocabulary and phrases to talk about business

Advanced English Vocabulary 13. Business

A brand is a name or symbol that makes a company's products or services different from others.

An advantage a company has over another in the same market, usually due to better products or lower costs.

A consumer is someone who buys or uses things.

Demand is when people want and are willing to buy something.

Entrepreneurship is starting and running a business by taking risks and being creative.

An economic system where companies do business without government intervention.

Creating fair and equal conditions for competition.

A loyal customer is someone who keeps coming back to buy from the same company.

Activities to promote a product or brand.

The buildings or land owned by a company or organisation.

Efficiency and output of work or resources within a specific timeframe.

The ability of a business to generate financial gain or profit.

The income or money generated by a company or organisation from its operations.

A sector is a specific area of the economy, like technology or healthcare.

The professional work done for a customer by a company.

The rate at which employees leave a company and are replaced.

A start-up is a new business that is just starting.

Simplify or optimise a process or system to make it more efficient and effective.

Financial assistance or support provided by the government.

A supplier is someone who provides things to a company, like products or services.