Financial-Banking College Chiinu
GlossaryatBusiness English
Edited by: Nastas AlinaChecked by: Corobcean Svetlana
Chiinu 20141. Economy the system through which a society answers
the three economic questions what, how, and for whom2. Customer - a
person who buys goods or services from a shop or business 3.
Capital all the financial resources, buildings, machinery, tools
and equipment that are used in the organizations operations4.
Broker a person or organization whose job is to buy and sell
shares, currencies, property, insurance etc for others5. Agent a
middleman that facilitate exchanges, represents a buyer or a
seller, and he doesnt earn salaries6. Product is everything that
one can exchange, including all tangible and intangible attributes
and expected benefits7. Monopoly is a market with only one seller8.
Prise is the amount of money that the seller is willing to accept
in exchanges for the product, at a given time and under giver
circumstances9. Income statement - a financial document showing the
amount of money earned and spent in a particular period of time by
a company10. Supply is the quantity of a product that producers are
willing to sell at each of various prices11. Partnership -
relationship between two people, organizations, or countries that
work together 12. Demand is the quantity of a product that buyers
are willing to purchase at various prices13. Monopolistic
competition is a market situation in which there are many buyers
along with relatively many sellers who differentiate their products
from the products of competitors14. Barter a system of exchanges in
which goods or services are traded directly for other goods and/or
services without using money15. Management is the process of
coordinating the resources of an organization to achieve the
primary goals of the organization16. Oligopoly is a market
situation in which there are few sellers17. Accounting is the
process of systematically collecting, analysis, and reporting
financial information18. Merchandise - goods that are produced in
order to be sold, especially goods that are sold in a store 19.
Wholesaler - a person or company that sells goods in large
quanitities to other businesses, who may then sell them to the
general public20. Balance sheet - a document showing a companys
financial position and wealth at a particular time.21. Consumer -
the person who buys and uses a product or service22. Cashflow - the
amounts of money coming into and going out of a company, and the
timing of these23. Middleman - a person, business, organization etc
that buys things in order to sell them to someone else, or that
helps to arrange business deals for other people 24. Pure
competitions is the market situation in which there are many buyers
and sellers of a product, and no single buyer or seller is powerful
enough to affect the price of the product 25. Transaction - a
business deal, especially one involving the exchange of money26.
Accounting Department - department responsible for administering a
companys financial affairs 27. Marketing mix - the combination of
marketing actions often referred to as product, price, place, and
promotion: selling the right product, through appropriate
distribution channels, at the right price in relation to other
products and for the profitability of the company, with the correct
support in terms of advertising, sales force etc28. Partner - a
company that works with another company in a particular activity,
or invests in the same activity29. Profit and loss statement - a
financial document showing the amount of money earned and spent in
a particular period of time by a company30. Retailer - a business
that sells goods to members of the public, rather than to shops31.
Consumers goods products purchased by individuals for personal
consumption32. Inflation a general risk in the level of price33.
Free market economy an economic system in which individuals and
firms are free to enter and leave markets at will
