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ECfB Business Vocabulary

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  • A decrease in the general price level of goods and services.
    ripoff
    disinflation
    inflation
    deflation
  • The highest-ranking executive in a company, responsible for making major corporate decisions, managing overall operations, and serving as the primary point of communication between the board of directors and corporate operations.
    CEO (Chief Executive Officer)
  • Define "diverse"
    showing congruency throughout.
    Showing a great deal of variety; very different.
    lacking variety.
    professionalism in all departments.
  • The company decided to _____ software development to a firm in India.
    outsource
  • Google's _______ of youtube solidified its position as a market leader.
    acquisition
  • Define "innovation"
    The introduction of new ideas, products, or methods.
  • The senior executive responsible for managing the financial actions of a company, including financial planning, risk management, record-keeping, and financial reporting to higher management.
    CFO (Chief Financial Officer)
  • What does ROI stand for?
    Revenue or Investment
    Reversal on Inflation
    Return on Innovation
    Return on Investment
  • What is 'disruption' in a market?
    small change in advertising
    financial alterations
    innovation that significantly changes/replaces a product
    end of a company
  • Define synergy
    annual profit increase
    combined effort yeilding greater results than individual
    strategy to outsource work
    reduction in company expenses
  • The combined effect of collaboration that exceeds the sum of individual efforts.
    synergy
    diversity
    combined revenue
    total sales
  • ______ : Absolutely necessary or extremely important.
    essential
  • _______: To improve or increase the quality, value, or extent of something.
    correlate
    concentrate
    motivate
    enhance
  • What does KPI stand for?
    Key Performance Indicator
  • A person who starts, organizes, and manages a business, taking on financial risks in the hope of profit.
    Manager
    entrepreneur
    CEO
    CFO
  • What does CRAFT stand for in regards to AI prompting?
    Context, Role, Ask, Format, Tone
  • The combination of two companies into a single entity, often to enhance market share.
    KPI
    acquisition
    merger
    synergy
  • The company aims to _____ strong relationships with its clients.
    cultivate
    destroy
    building
    eliminate
  • The total income generated from normal business operations.
    profit
    revenue
    ROI
    sales
  • Despite the rise of e-commerce, ________ stores remain popular for certain types of products.
    brick-and-mortar
  • The company's __________ was estimated to be $2.3 billion.
    estimate
    negotiation
    KPI
    valuation
  • Both sides are still in _____ over the terms of the deal.
    essential
    conversation
    negotiation
    acquisition
  • Gym memberships, free snacks, company vehicles provided by a company are examples of _____
    perks
  • After declining sales for consecutive quarters, the company decided to _____ its strategy.
    diverse
    innovation
    outsource
    pivot
  • The financial gain after deducting all expenses from total revenue.
    sales
    investment
    profit
    revenue
  • A general increase in prices and a fall in the purchasing value of money.
    Inflation
    ripoff
    deflation
    disinflation
  • In one word, describe the market within a company's home country where it sells it goods or services to local consumers.
    domestic
  • The buying and selling of goods and services over the internet.
    E-commerce
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