Share BEC Higher Vocabulary
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horizontal integration
Two competing companies in the same business sector go together. Such a merger gives a bigger market share and the chance to benefit from economises of scale an
hire purchase
This is a way of buying something without having to pay the full amount immediately. Normally, you pay a down-payment of, say, 10% and then you pay monthly inst
human resources
This is another word for the staff in a company. It is also the name of the department which looks after staff welfare. It used to be called Personnel Managemen
an incentive
This is a reward for work done well, for example. Often it is in the form of a bonus which is intended to encourage more conscientious work and increase motivat
industrial espionage
This is a type of spying in order to steal secrets from a competitor, for example.
insider share-dealing
Technically illegal. It involves people inside a business passing on information to selected individuals who benefit from advance knowledge of secret informatio
insolvent
This means, basically, that you have not enough cash available to pay your bills or debts. You are XXX.
institutional investors
These are organisations like pension funds which invest money on behalf of their members.
inventory / stock
These are goods in storage waiting either as supplies, like photocopying paper, to be used or, in the case of fished goods, waiting to be sold.
invisible exports
These are not tangible exports such as products, but may be services such as know-how or financial services.
junk bond
An investment with a potentially high return, but with equally high risk.
trade union
An organisation which represents the interests of its members, who usually work in the same line of business, e.g. steel workers, coal-miners etc.
launch (v&n
To put something new on the market or to start an advertising campaign, for example. This verb comes from the French verb for "throw". It can also be used with
lead time
The amount of time it takes to complete something from start to finish, e.g. from receiving an order until the delivery of the goods, or the time it takes to de
to lend
To give somebody the use of your money or something else on the condition that they return it at some time in the future. The opposite of to borrow.
a leveraged buyout
Taking over a company by buying up the shares with borrowed money.
