IELTS Exam > IELTS Notes > Speaking for IELTS > Topic: Business
Topic: Business | Speaking for IELTS PDF Download
Definitions
- To balance the books: to not spend more money than you are earning
- To be self-employed: to work for yourself/to not work for an employer
- To cold call: to make a sales call to someone without asking them for permission first
- Cut throat competition: when one company lowers its prices, forcing other companies to do the same, sometimes to a point where business becomes unprofitable
- To do market research: to do research into what potential customers would or wouldn’t buy
- To draw up a business plan: to write a plan for a new business
- To drum up business: to try to get customers
- To earn a living: to earn money
- To go bust: when a business is forced to close because it is unsuccessful
- Cash flow: the money coming in and going out of a business
- To go into business with: to join another person to start or expand a business
- To go it alone: to start your own business
- To go under: (see ‘to go bust’)
- To have a web presence: to have a website or social media profile that showcases your business
- To launch a product: to start selling and promoting a new product
- To lay someone off: when a company ends an employee’s contract of employment
- Lifestyle business: a business that is set up to bring in a sufficient income and no more
- To make a profit: to earn more money than it costs to run the business
- Niche business: a business that serves a small, particular market
- To raise a company profile: to make more people aware of a business
- To run your own business: to have a business of your own
- Sales figures: a report of the income a company generates through sales of products or services
- To set up a business: to start a business
- Stiff competition: strong competition from other companies in the same area of work
- To take on employees: to employ people
- To take out a loan: to borrow money
- To win a contract: when a business gets legally-binding work with an individual or company
- To work for yourself: (see ‘to be self-employed’)
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