Business Glossary

Hi, my name is Fadi Al Saddy. I am 19 years old, and I study at Montmorency College. I was in Computer Science before, but I changed to Social Sciences. I made this change because I want to pursue Business at university in the future. My goal is to gain strong knowledge in economics, management, and entrepreneurship. One day, I hope to open my own business and become an entrepreneur. I created this glossary to help students and anyone interested in Business and Social Sciences better understand important concepts related to Business. This glossary has 20 important words. For each word, there is a clear definition, an audio pronunciation to help with correct speaking, an example sentence to show how the word is used in the context, and in some cases, an image to make the concept easier to understand.

account: noun; A register of financial transactions providing access to funds on demand, through a variety of different channels.; Example: I opened a new bank account to manage my business expenses.; fr: compte
accountant: noun; A person concerned with the maintenance and audit of business accounts and the preparation of consultant reports in tax and finance.; Example: The accountant prepared the company’s tax report.; fr: comptable
advertisement: noun; a notice or announcement in a public medium promoting a product, service, or event or publicizing a job vacancy.; Example: The company created an advertisement to promote its new product.; fr: publicité
agreement: noun; harmony or accordance in opinion or feeling; a position or result of agreeing.; Example: Both partners signed the agreement before starting the project.; fr: accord
bankruptcy: noun; The legal status of a person or other entity that cannot repay the debts owed to creditors.; Example: The company filed for bankruptcy after losing too much money.; fr: faillite
benchmarking: noun; evaluate or check (something) by comparison with a standard.; Example: The manager used benchmarking to improve the company’s performance.; fr: analyse comparative
bond: noun; A debt investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate.; Example: She invested in a government bond to earn stable interest.; fr: obligation
bookkeeping: noun; the activity or occupation of keeping records of the financial affairs of a business.; Example: Good bookkeeping helps a business track its income and expenses.; fr: tenue de livres
brand: noun; a type of product manufactured by a particular company under a particular name.; Example: Building a strong brand helps attract loyal customers.; fr: marque
budget: noun; an estimate of income and expenditure for a set period of time.; Example: The company created a budget for the next year.; fr: budget
business plan: noun; Set of documents prepared by a firm’s management to summarize its operational and financial objectives for the near future and to show how they will be achieved.; Example: I wrote a business plan before launching my startup.; fr: plan d’affaires
capital: noun; wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.; Example: He raised capital to start his own company.; fr: capital
cash flow: noun; the total amount of money being transferred into and out of a business, especially as affecting liquidity.; Example: Positive cash flow is essential for keeping a business alive.; fr: flux de trésorerie
commodity: noun; a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.; Example: Oil is an important commodity in the global market.; fr: marchandise / matière première
competitor: noun; A rival organization that is engaged in commercial or economic competition with others.; Example: The company lowered its prices to compete with a strong competitor.; fr: concurrent
contract: noun; a written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.; Example: The employee signed a contract with the company.; fr: contrat
corporation: noun; a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.; Example: The corporation expanded its operations internationally.; fr: corporation
entrepreneur: noun; a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.; Example: As an entrepreneur, he took risks to grow his business.; fr: entrepreneur
consumer: noun; a person who purchases goods and services for personal use.; Example: The consumer chose the product with the best quality.; fr: consommateur
exchange rate: noun; the value of one currency for the purpose of conversion to another.; Example: The exchange rate affects the cost of importing goods.; fr: taux de change