Vocabulary list for Business English learners (J to L)

Business English - Vocabulary List (J to L)

An individual or group that shares ownership in an asset with another individual or group.

A daily record of business transactions with a statement of the accounts to which each is to be debited and credited, used in Bookkeeping/Accounting

A form of inventory management that requires working closely with suppliers so that raw materials arrive as production is scheduled to begin, but no sooner, to ensure items only spend a short time in the warehouse.

A quantifiable measure of performance over time for a specific objective, is utilised to assess how an employee is performing regarding their targets.

An economic theory that predicts after optimal level of capacity is reached, adding additional factors of production will actually result in smaller increases in output.

The marketing process of stimulating and capturing interest in a product or service for the purpose of developing a sales pipeline.

A form of legal protection for shareholders and owners that prevents individuals from being held personally responsible for their company’s debts or financial losses.

Assets that can be easily, securely, and quickly exchanged for legal tender.

A type of financial ratio used to determine a company’s ability to pay its short-term debt obligations.

A metaphor to describe tasks or projects that a team or employee can easily and quickly complete before moving on to more challenging work.

Rewards, discounts, and other special incentives that are offered as a way to attract and retain customers.