Business and economics | Baamboozle - Baamboozle

English 21 Public

Vocabulary related to business and economics

Study Slideshow

A newly established business can be referred to as a s____u_.

startup

When two companies combine into one, they _____. It is known as a ______.

merge (verb) / merger (noun)

Assuming control of a company by buying its shares.

acquisition (general term) / takeover (often used when hostile)

Hiring an outside firm to do work, rather than doing it internally.

outsource

A person who starts a business, taking on financial risk.

entrepreneur

Total income received from sales.

revenue / turnover

The movement of money in and out of a company.

cash flow

Profit made on an investment compared to its cost is referred to as ROI. What do the letters mean?

Return on investment

What a company owns vs. what it owes.

assets / liabilities:

Would you like to pay in i__________ or as a l___ ___? (small, regular payments or one large payment).

instalments / lump sum

The availability of a product and the desire for it.

supply and demand

A general increase in prices and fall in the purchasing power of money.

inflation

A period of economic decline.

recession (lasts for months to a year) / depression (more severe decline and lasts years)

Total value of goods produced within a country.

GDP (Gross Domestic Product):

When one company controls an entire market.

Monopoly

An economy that is moving toward becoming advanced

emerging market