Essential Business and Management Vocabulary Definitions
Posted on Feb 7, 2026 in Business Administration and Management (BAM)
Essential Business and Workplace Terminology
- Administrative
- Connected with organizing the work of a business.
- Agenda
- A list of business items to be discussed at a meeting.
- Appliances
- Machines or devices you use at home to do jobs like cooking or cleaning. They are often electrical.
- Appointment
- A formal arrangement to meet or visit somebody at a particular time, especially for a reason connected with their work.
- Brands
- Types of product made by a particular company.
- Career Development
- How people manage their careers within one job or organization; also how organizations structure the career progress of their employees.
- Colleague(s)
- The people you work with, especially in a profession or business.
- Communicator
- A person who is able to describe their ideas and feelings clearly to others.
- Competitive
- Describes situations or activities in which people and organizations compete with each other.
- Culture
- The beliefs and attitudes about something that people in a particular group or organization share.
- Disorganized
- Badly planned; not able to plan or organize well.
- Economic
- Connected with the trade, industry, and development of wealth of a country, an area, or a society.
- Efficient
- Doing something well and thoroughly with no waste of time, money, or energy.
- Employs
- Gives someone a job to do for payment.
- EU
- European Union, which currently has 27 member states.
- European Parliament
- The group of people who are elected in the countries of the EU.
- Exports
- Goods which are sold and transported to other countries.
- Expressive
- Showing or able to show your thoughts and feelings.
- Facilities
- Buildings, services, equipment, etc., that are provided for a particular purpose.
- Financial
- Connected with money and finance.
- Flexible
- Able to change to suit new conditions or situations.
- Founder
- A person who starts an organization, institution, etc., or causes something to be built.
- Free-Market (Economy)
- An economic system in which the price of goods and services is affected by supply and demand rather than controlled by a government.
- Head Office
- The main office of a company.
- High-Tech
- Using the most modern methods and machines.
- Human Beings
- People rather than animals or machines.
- Improve
- To make something or somebody better than before.
- Industrial Production
- Production connected with industry.
- Inefficient
- Not doing a job well and not making the best use of time, money, energy, etc.
- Inform
- To tell someone about something, especially in an official way.
- Interrupt
- To say or do something that makes somebody stop what they are saying or doing.
- Interview
- To ask somebody questions at a formal meeting (an interview) to see if they are suitable for a particular job, etc.
- Invest
- To buy property, shares in a company, etc., in the hope of making a profit.
- Journey
- An act of travelling from one place to another, especially when they are far apart.
- Key
- Most important; essential.
- Labour Force
- All the people who work for a company or country.
- Life Expectancy
- The number of years that a person is likely to live.
- Low Cost
- Cheap; a relatively small amount of money.
- Make a Decision
- To decide.
- Manager
- A person who is in charge of a small business or similar organization, or part of one.
- Management
- The people who run or control a business or similar organization.
- Manufacturing
- The business of producing goods in large quantities.
- Market
- A particular area, country, or section of the population that might buy goods.
- NATO
- North Atlantic Treaty Organization.
- Official
- Relating to an authority.
- PC
- The abbreviation for personal computer.
- Pension
- An amount of money paid regularly by a government or company to somebody who is considered to be too old or too ill to work.
- Performance
- How well or badly you do something; how well or badly something works.
- Produce
- To create something, especially when skill is needed.
- Punctual
- Happening or doing something at the arranged or correct time; not late.
- Quality
- A high standard.
- Rate
- To have or think that somebody or something has a particular level of quality, value, etc.
- Relationship
- The way in which two people, groups, or countries behave towards each other or deal with each other.
- Salary
- Money that employees receive for doing their job, especially professional employees or people working in an office, usually paid every month.
- Sociable
- Enjoying spending time with other people.
- Specialize
- To become an expert in a particular area of work, study, or business; to spend more time on one area of work, etc., than others.
- Staff
- All the workers employed in an organization considered as a group.
- Stand
- A table or an upright structure where things are displayed or advertised, for example at an exhibition.
- Suitable
- Right or appropriate for a particular purpose or occasion.
- Train
- To prepare yourself or somebody for a particular activity, especially a sport, by doing lots of exercise.
- Turnover
- The total amount of goods or services sold by a company during a particular period of time.
- Worldwide
- Affecting all parts of the world.
