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Business and Employment: Business, List 1

Prepare for the IELTS exam with this list of words related to business.
20 words 1353 learners

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Full list of words from this list:

  1. client
    someone who pays for goods or services
    Bates works for Unlimited Cleaning Services, a company that supplies housekeepers with a checklist of the clients’ requirements. Class Matters
  2. consumer
    a person who uses goods or services
    They just recognized that a growing number of consumers wanted organic food, and they wanted a piece of that business. The Omnivore's Dilemma
  3. customer
    someone who pays for goods or services
    The customer asked if she could buy all of them for ten dollars. Ugly
  4. entrepreneur
    someone who organizes a business venture
    She still had big dreams—maybe she could become an entrepreneur, open a beauty salon or her own fashion company. The Other Wes Moore: One Name, Two Fates
  5. inventor
    someone who is the first to think of or make something
    The inventors hoped that if they improved their device, it would be a valuable tool for all surgeons. Ambushed!
  6. investor
    someone who commits capital to gain financial returns
    He couldn’t find a bank to back him, so he went door to door in search of private investors. Seabiscuit: An American Legend
  7. brand
    a name given to a product or service
    My idea of fashion was a brand of clothing called Powerhouse. Born a Crime: Stories from a South African Childhood
  8. company
    an institution created to conduct business
    When I say run a company, I mean keeping track of inventory, staying in touch with customers, recruiting, project management, product development, scheduling, budgeting, and human resources. The World Is Flat
  9. conglomerate
    a group of diverse companies under common ownership
    The new entrant was the Adani Group, an Indian conglomerate that controls ports, coal mines, food businesses, airports and more. New York Times
  10. design
    create or execute in an artistic or highly skilled manner
    And if a contractor got big enough, or ambitious enough, he started designing his own patterns and preparing his own fabric. Outliers
  11. industry
    the people engaged in a kind of commercial enterprise
    After the Indians left, the industries and businesses in and around their territories closed up too: small-time fisheries, hunting camps, tourist traps. The Marrow Thieves
  12. innovation
    a creation resulting from study and experimentation
    The nation’s car culture reached its height in southern California, inspiring innovations such as the world’s first motel and the first drive-in bank. Fast Food Nation: The Dark Side of the All-American Meal
  13. inspiration
    arousal of the mind to unusual activity or creativity
    As creative director he approves every product and is heavily involved in the design process, visiting vintage fairs for inspiration. BBC
  14. market
    the customers for a particular product or service
    While the number of workers was dropping, the war was creating a huge new market for industrial products. A Few Red Drops: The Chicago Race Riot of 1919
  15. monopoly
    a market in which there are many buyers but only one seller
    Myriad has been accused of creating a monopoly, since no one else can offer the test, and researchers can’t develop cheaper tests or new therapies without getting permission from Myriad and paying steep licensing fees. The Immortal Life of Henrietta Lacks
  16. potential
    the inherent capacity for coming into being
    To run a business, managers must believe in the potential and purpose of that business. The Wall Street Journal
  17. product
    a commodity offered for sale
    It was such a different way of shopping than going to a store with price tags on the products! A Place to Belong
  18. progress
    gradual improvement or growth or development
    But because Tesla is a fast-growing company, its progress, or lack of, from quarter to quarter is more closely watched by investors. New York Times
  19. reputation
    the state of being held in high esteem and honor
    Philips and Cloony was a tiny shop, but it had the reputation of being the best men’s store in the county. October Sky
  20. retail
    the selling of goods to consumers
    The building’s first floor had space for five retail stores, the best of which was a large and inviting corner shop on the intersection of Sixty-third and Wallace. The Devil in the White City
Created on Thu Jul 27 14:12:58 EDT 2023 (updated Tue Sep 12 11:10:59 EDT 2023)

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