As an ESL teacher, here are some common business-specific terminology and jargon that business students learning English may encounter:
Revenue: The income generated by a company through sales or services.
Profit: The money a company makes after subtracting its expenses.
Marketing: The process of promoting and selling products or services.
Sales: The act of selling products or services to customers.
Human resources: The department responsible for managing a company's employees.
Accounting: The process of keeping track of a company's financial records and transactions.
Finance: The management of money and investments for a company.
Supply chain: The process of getting products from suppliers to customers.
Logistics: The management of the transportation and delivery of products.
Strategy: A plan of action for achieving a company's goals.
Innovation: The development of new ideas, products, or technologies.
Entrepreneurship: The process of starting and running a new business.
Stakeholders: People or groups with an interest in a company's success, such as investors, employees, and customers.
ROI: Return on Investment, a measure of the profitability of an investment.
KPIs: Key Performance Indicators, metrics used to track and measure progress towards a company's goals.
Synergy: The combined effect of two or more elements that is greater than the sum of their individual effects.
Outsourcing: Hiring a third-party company to perform a task or service that would otherwise be done in-house.
Corporate social responsibility: A company's responsibility to act in a way that benefits society and the environment.
Mergers and acquisitions: The process of combining two companies or one company acquiring another.
IPO: Initial Public Offering, the first time a company's shares are offered for sale to the public.
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