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Level 8

Unit 8


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business
the activity of buying and selling goods and services
charge
to ask an amount of money for something, especially a service or activity
community
the people living in one particular area or people who are considered as a unit because of their common interests, social group, or nationality
competitor
a person, team, or company that is competing against others
customer
a person who buys goods or a service
entrepreneur
someone who starts their own business, especially when this involves seeing a new opportunity
invest
to put money, effort, time into something to make a profit or get an advantage
investor
a person who puts money into something in order to make a profit or get an advantage
law
a rule, usually made by a government, that is used to order the way in which a society behaves
loss
the fact that you no longer have something or have less of something
manufacturer
a company that produces goods in large numbers
manufacturing
the business of producing goods in large numbers
owner
someone who owns something
partner
one of the owners of a company
price
the amount of money for which something is sold
profit
money that is earned in trade or business after paying the costs of producing and selling goods and services
retail
the activity of selling goods to the public, usually in shops
retailer
a person, shop, or business that sells goods to the public
staff
the group of people who work for an organization
supplier
a company, person that provides things that people want or need
tax
(an amount of) money paid to the government that is based on your income or the cost of goods or services you have bought
wage
a particular amount of money that is paid to an employee
wholesaler
someone who buys and sells goods in large amounts to shops and businesses
run
to control a business or other organization
launch
introduce something new
recruit
to persuade someone to work for a company
production
the process of making or growing goods to be sold
reduce
to make something less or smaller in size, quantity, price
go out of business
go bankrupt