Business Vocabulary — Set 1: In Context flashcards
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Fill the blank: 34 of the Set 1 terms, each in a new sentence from working life, from earnings reports and factory floors to meetings and contracts, whose clues point to one term (where a second also fits, the back says so).
Learn deck · part of Business Vocabulary · written against: The terms of everyday business, finance, marketing and the workplace; American usage; our own word selection. Updated 2026-10-10.
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Switching Pellam Toys to thicker wooden blocks was a ______: the sets felt sturdier in the hand, but each one cost forty cents more to make.trade-offStrategy & Planning
Gaining one thing (sturdier sets) by giving up some of another (forty cents a set) is a trade-off. A compromise is a deal between two sides; here one company simply chose. -
Before selling a single kayak, Ottery Outdoors raised ______ from a bank loan and the founders' savings to buy a boathouse and its first rental fleet.capitalFinance & Accounting
Funding raised to launch a business, like this loan and these savings, is capital. Revenue comes from sales, and none had happened; equity means ownership, which a bank loan doesn't give. -
Tomas sells solar panels for Sollen Energy; he draws no salary, and his whole pay is a ______ worth six percent of each system's price once a homeowner signs.commissionMarketing & Sales
Pay worked out as a cut of each sale's price is a commission. A premium pushes what a buyer pays past the usual price; here Tomas is the one being paid. -
Granwell's bottling line fills eight thousand jars of jam a day but could manage twelve thousand, so it has spare ______ for the new supermarket orders.capacityOperations & Supply
The upper limit on what a line can turn out, minus what it makes now, is spare capacity. Output is the eight thousand it does make; bandwidth is a person's or team's free time. -
Tamsworth Credit Union pays the same hourly wage as its rivals, but its ______, from dental coverage to a retirement plan and four weeks of paid vacation, draw applicants from across town.benefitsPeople & Management
What an employer provides besides pay is benefits. Compensation includes the wage too and would take "draws"; the wage here is set aside as no better than rivals'. -
Brightline Buses must run twelve routes for four school years, and the district must pay it every month; both promises are written into the ______ the two sides finalized in June.contractDeals & Negotiation
When both sides are legally bound to keep their promises, here routes and payment, the deal is a contract. A term sheet is mostly nonbinding, and a proposal is put forward for approval, not finalized by both sides. -
Once the city dropped its fixed taxi fares, rides cost whatever drivers and passengers agreed on, turning the taxi trade into a ______ almost overnight.free marketEconomics & Markets
When buyers and sellers settle prices between themselves, with no government fixing them, the result is a free market. Competition is rivalry for customers, and "a competition" would mean a contest. -
The city charges Corvid Cycles' bike-share service a ______ of twenty dollars for every bike left blocking a sidewalk.penaltyLaw & Compliance
The city is punishing the bike-share for every bike that blocks a sidewalk, so the twenty-dollar charge is a penalty. A premium lifts what someone pays above the going rate; it punishes no one. -
Every second Thursday, each of Zubair's five engineers gets thirty minutes alone with him; in that private ______, they plan their own training rather than the project's next steps.one-on-oneMeetings & Communication
A private meeting between a manager and one employee is a one-on-one. A performance review rates the employee's work; these talks are for the engineers' own training plans. -
The power company's smart meters send a reading from three million homes every fifteen minutes, so much ______ that ordinary spreadsheets crash opening a single day of it.big dataTechnology & Data
Data too large for ordinary tools, like billions of meter readings, is big data. Data analysis is the examining, not the pile of readings itself.
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About these cards
Review status: Second-reader reviewed, with corrections applied.
Checked against:
- Senses, parts of speech and pronunciations checked against Merriam-Webster.com, the American Heritage Dictionary and the Oxford Learner's, Longman and Cambridge learner's dictionaries; all definitions, notes and example sentences are original.
- Word selection is our own, by frequency (wordfreq, CC BY-SA 4.0) and editorial judgment; no publisher's business glossary is reproduced.
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