Ten C1-level words that are useful in a business context

Meaning: To distribute resources or duties for a particular purpose.
Example: "The company decided to allocate additional funds to the marketing department for the new campaign."

Meaning: A standard or point of reference against which things may be compared or assessed.
Example: "We need to benchmark our performance against industry standards to see where we stand."

Meaning: Conformity in fulfilling official requirements.
Example: "Ensuring compliance with regulatory standards is essential for maintaining our business license."

Meaning: To assign responsibility or authority to another person to carry out specific activities.
Example: "To manage our workload effectively, we need to delegate tasks to team members."

Meaning: To increase the variety of products or services offered, or the range of activities undertaken.
Example: "The company plans to diversify its product line to reach a broader market."

Meaning: To make an action or process easier or more achievable.
Example: "We hired a consultant to facilitate the merger between the two companies."

Meaning: To put into effect; to carry out.
Example: "The management team will implement the new software system next month."

Meaning: The state of being responsible for something, especially by law.
Example: "The company must manage its liabilities carefully to ensure long-term stability."

Meaning: To plan the actions one will take to achieve a particular goal.
Example: "We need to strategize our approach to entering the international market."

Meaning: Capable of working successfully; feasible.
Example: "After extensive research, we concluded that expanding to Europe is a viable option."