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Hello All! Welcome, Welcome to our Business Discussion segment! Today, I want to reach out to new business owners. Now that you are more knowledgeable about how a business works, are you familiar with business vocabulary? Below, I have listed some business English vocabulary words guaranteed to be spoken in offices, between companies, or even in international languages. Building your business vocabulary allows you to better communicated vital thoughts and concepts to others in the business environment.
Unique selling proposition differentiates a product or service from competitors.
Commodity-product that can be traded or sold in large quantities
Opportunity cost- the loss of choosing one action over another.
Forecast- predicts various business functions.
Lucrative- total money spent is more than what is received.
Make redundant- dismiss for economic reasons.
Merger-joining of two or more companies to make one standard company.
These are just a few terms, but I urge you to increase your business vocabulary to enhance your professional communications. Don't be afraid to research or watch youtube videos or even take a writing course to improve yourself. Until then, continue to be safe and take care, my Community friends.
