Business Vocab: Companies and offices | Baamboozle - Baamboozle

English 21 Public

They should be able to give the meaning of these vocab

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competitive company

when a company offers good products or services at a good rate

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to close offices

to cease trading from premises when a business no longer needs as many offices, perhaps due to less demand or because of rising costs

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to expand into new markets

to start operating in new regions or countries

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a good reputation

when a company is respected and valued by people

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a hot desk

a desk usually used by contractors, one which does not have a specific employee associated with it

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to merge

to combine to become one (e.g. two companies)

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a multinational company

a company that operates in more than one country

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on the third floor

when an office is on level 3 or on the third storey of a building

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open-plan

when an office has no interior walls, so that all members of staff are working in the same room rather than in individual offices

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the production industry

companies that produce goods (e.g. cars, steel, plastics)

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profitable

when a business makes a profit and is not lossmaking

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to be recognized internationally

to be known about and well thought-of around the world

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a security pass

a card allowing entry to premises or building, possibly with a photo of the holder

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the service industry

companies that offer a service (e.g. training, leisure, marketing)

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a solid client base

a number of reliable and regular clients/customers

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to take over

to buy another company

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