English on the Internet - Business English




Lesson 2

order
a command; to command - to tell a shop to supply goods

tax
money which has to be paid to the government

VAT
Value added tax

profit
gain of money

bankrupt
unable to pay debts having failed in business

to retail
to sell goods in small quantities

to wholesale
to sell goods in large quantities

customer
a person who buys at a shop

to launch a product
to put a new product on the market

to set price
to determine price of the product

capital
money and property used in business

invoice
a record with the price of the individual products asking for payment

industry
manufacture

primary industry
collecting and bringing in materials that exist in nature (farming, fishing and mining)

secondary industry
industry that uses the materials gathered in by primary industry to produce goods

tertiary industry
industry that performs a service (banking, insurance, ...)

GDP
gross domestic product

GNP
gross national product

to manufacture
to make products for sale using machines

enterprise
an industrial or commercial organization


Now you can try our Vocabulary Test 1! Go ahead!





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