Business Vocabulary — Set 3: Quick Drills flashcards
10 of 33 cards free to study here · 10 topics · the whole deck is built into Willys
Meaning to term: 33 of the Set 3 words, from a fresh one-line definition in the business sense back to the term itself, with one example of it at work.
Drills 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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Which word means the main benefit a company promises customers: the reason to buy from it, not rivals?value propositionStrategy & Planning
No fees, ever, on everyday accounts: Ferncliff Bank puts that value proposition at the top of every ad. -
Which word means falling due, held or reported once in each three-month stretch of a business's year?quarterlyFinance & Accounting
Small business owners often pay estimated taxes in quarterly installments. -
Which word means a small, specialized corner of a market that a business can serve well?nicheMarketing & Sales
Bracken Lane Press thrives in a narrow niche: cookbooks for campers. -
Which word means the planning of how goods, people or equipment get moved and stored to arrive on time?logisticsOperations & Supply
Running a music festival is mostly logistics: tents, buses, water and power. -
Which word means someone who directs a group of workers' daily tasks and answers to higher managers?supervisorPeople & Management
The night supervisor approves overtime and handles any customer complaints. -
Which word means two companies combining into one, by agreement, rather than one simply buying the other?mergerDeals & Negotiation
Customers of both banks got new account numbers after the merger. -
Which word means anyone, from a single saver to a pension fund, who commits cash to a firm or asset in the hope of getting back more?investorEconomics & Markets
An early investor in the boatyard now owns a fifth of the business. -
Which word means any one of the separate provisions that make up a contract, each setting a term or condition the parties must keep?clauseLaw & Compliance
The publishing deal's clause on film rights took a month to negotiate. -
Which word means the practice of letting staff, customers or the public see how and why decisions, spending and plans are made?transparencyMeetings & Communication
The co-op's transparency surprises new members: anyone may sit in on board meetings. -
Which word means using distant computers, often another company's, reached online to store files and run programs instead of local machines?cloud computingTechnology & Data
Thanks to cloud computing, the architects open the same project files from anywhere.
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About these cards
Review status: Second-reader reviewed, with corrections applied.
Checked against:
- Senses and parts of speech 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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