Business and economics | Baamboozle - Baamboozle

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

outsource

The availability of a product and the desire for it.

supply and demand

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

startup

To hire new employees: ....... staff

bring on

get up

take on

save up

The specific group of customers a company wants to reach: t_____ m_____

target market

Creating a unique name and image for a product.

branding

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

entrepreneur

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

merge (verb) / merger (noun)

Total value of goods produced within a country.

GDP (Gross Domestic Product):

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

Return on investment

The preoccupation of society with buying goods.

consumerism

When one company controls an entire market.

Monopoly

Total income received from sales.

revenue / turnover

An economy that is moving toward becoming advanced

emerging market

What a company owns vs. what it owes.

assets / liabilities:

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)

Money paid to an employee upon leaving a company.

severance package (golden handshake = a generous payout for leaving)

Assuming control of a company by buying its shares.

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

The movement of money in and out of a company.

cash flow

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

instalments / lump sum