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The Business World Vocabulary Set in Essential Vocabulary for TOEFL: Full and Detailed List

The 'The Business World' vocabulary set in 'Essential Vocabulary for TOEFL' is carefully selected from standard international textbook sources, helping you master vocabulary in a short time. Comprehensive compilation of definitions, illustrative examples, and standard pronunciation...

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human capital

/ˌhjuː.mən ˈkæp.ɪ.təl/

Example:

Investing in education is crucial for developing a nation's human capital.

marketplace

/ˈmɑːr.kɪt.pleɪs/

Example:

The old town square used to be a bustling marketplace.

commerce

/ˈkɑː.mɝːs/

Example:

International commerce has increased significantly.

agency

/ˈeɪ.dʒən.si/

Example:

She works for a travel agency.

commercial

/kəˈmɝː.ʃəl/

Example:

The city is a major commercial center.

industry

/ˈɪn.də.stri/

Example:

The automotive industry is a major employer in the region.

enterprise

/ˈen.t̬ɚ.praɪz/

Example:

Starting a new business is a challenging enterprise.

corporation

/ˌkɔːr.pəˈreɪ.ʃən/

Example:

She works for a multinational corporation.

human resources

/ˌhjuː.mən ˈriː.sɔːr.sɪz/

Example:

She works in the human resources department.

corporate

/ˈkɔːr.pɚ.ət/

Example:

The company announced a new corporate strategy.

start-up

/ˈstɑːrt.ʌp/

Example:

Many young entrepreneurs dream of launching their own start-up.

headquarters

/ˈhedˌkwɔːr.t̬ɚz/

Example:

The company's headquarters is located in New York City.

franchise

/ˈfræn.tʃaɪz/

Example:

The company operates several fast-food franchises.

venture

/ˈven.tʃɚ/

Example:

Their latest business venture failed.

strategy

/ˈstræt̬.ə.dʒi/

Example:

The company developed a new marketing strategy.

manufacture

/ˌmæn.jəˈfæk.tʃɚ/

Example:

The company manufactures cars in its factory.

machinery

/məˈʃiː.nɚ.i/

Example:

The factory uses heavy machinery for production.

workshop

/ˈwɝːk.ʃɑːp/

Example:

The mechanic spent all day in his workshop fixing cars.

profit margin

/ˈprɑː.fɪt ˌmɑːr.dʒɪn/

Example:

The company's profit margin increased significantly last quarter.

earnings

/ˈɝː.nɪŋz/

Example:

His annual earnings are quite substantial.

shareholder

/ˈʃerˌhoʊl.dɚ/

Example:

The company's annual meeting is open to all shareholders.

representative

/ˌrep.rɪˈzen.t̬ə.t̬ɪv/

Example:

Each state sends representatives to the national convention.

sponsor

/ˈspɑːn.sɚ/

Example:

The company is a major sponsor of the local charity run.

merger

/ˈmɝː.dʒɚ/

Example:

The two companies announced a merger to create a global powerhouse.

association

/əˌsoʊ.siˈeɪ.ʃən/

Example:

The local residents' association meets monthly.

administration

/ədˌmɪn.əˈstreɪ.ʃən/

Example:

The efficient administration of the project led to its success.

administrative

/ædˈmɪn.ɪˌstreɪ.t̬ɪv/

Example:

She handles all the administrative tasks in the office.

executive

/ɪɡˈzek.jə.t̬ɪv/

Example:

The company's chief executive announced a new strategy.

marketing

/ˈmɑːr.kɪ.t̬ɪŋ/

Example:

Our company needs a strong marketing strategy to reach more customers.

branding

/ˈbræn.dɪŋ/

Example:

Effective branding is crucial for market success.

promotion

/prəˈmoʊ.ʃən/

Example:

The company launched a new promotion for their latest smartphone.

publicize

/ˈpʌb.lə.saɪz/

Example:

The company decided to publicize its new product through social media.

launch

/lɑːntʃ/

Example:

The company plans to launch a new product next quarter.

distribution

/ˌdɪs.trɪˈbjuː.ʃən/

Example:

The distribution of food to the needy was organized by volunteers.

chair

/tʃer/

Example:

Please take a chair and sit down.

chief technology officer

/tʃiːf tekˈnɑː.lə.dʒi ˈɑː.fɪ.sɚ/

Example:

The Chief Technology Officer is responsible for the company's technical strategy.

entrepreneur

/ˌɑːn.trə.prəˈnɝː/

Example:

The young entrepreneur launched her startup with innovative ideas.

merchant

/ˈmɝː.tʃənt/

Example:

The silk merchant traveled extensively to source the finest fabrics.

chief financial officer

/tʃiːf faɪˈnænʃəl ˈɔːfɪsər/

Example:

The chief financial officer presented the quarterly earnings report.

chief executive officer

/ˌtʃiːf ɪɡˈzek.jə.tɪv ˈɑː.fɪ.sər/

Example:

The chief executive officer announced a new strategic direction for the company.
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