Business Vocab: Companies and offices | Baamboozle - Baamboozle

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to expand into new markets

to start operating in new regions or countries

the working environment

the place and atmosphere within which people work

the service industry

companies that offer a service (e.g. training, leisure, marketing)

to close offices

to cease trading from premises when a business no longer needs as many offices, perhaps due to less demand or because of rising costs

profitable

when a business makes a profit and is not lossmaking

on the third floor

when an office is on level 3 or on the third storey of a building

a tower block

a building with very many floors

the production industry

companies that produce goods (e.g. cars, steel, plastics)

a security pass

a card allowing entry to premises or building, possibly with a photo of the holder

a good reputation

when a company is respected and valued by people

to take over

to buy another company

competitive company

when a company offers good products or services at a good rate

an upcoming company

a new company making an impression on the market

a multinational company

a company that operates in more than one country

open-plan

when an office has no interior walls, so that all members of staff are working in the same room rather than in individual offices

a hot desk

a desk usually used by contractors, one which does not have a specific employee associated with it

a well-established company

a company that has been in business long enough to have a solid client base and good reputation

to trade (in)

to do business (in a particular field)

to be recognized internationally

to be known about and well thought-of around the world

to merge

to combine to become one (e.g. two companies)

a solid client base

a number of reliable and regular clients/customers