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IELTS Business Vocabulary for Writing and Speaking Updated 2022 |
There may be a sizable vocabulary list (or lexical resource, as IELTS examiners call it), but learning lengthy and difficult terms will be meaningless if you do not know how to utilize them in context. Understanding how to use new words is essential for word learning.
The speaking and writing phases frequently touch on a few prevalent subjects. One such subject, in the opinion of IELTS specialists, is money and business so it is important to comprehend Vocabulary about Business for IELTS Test.
This topic has a vast range of vocabulary words that can be categorized as complex. By using these words in the IELTS exam, you'll have a better chance of impressing the IELTS examiner and exhibiting your vocabulary. Some of the most crucial IELTS business vocabulary is covered in this blog and to complete the IELTS test candidate's understanding of vocabulary, you can also study it through the IELTS Vocabulary Preparation book, to get more vocabulary.
List of Business Vocabulary IELTS
Vocabulary | Meaning | |
---|---|---|
to balance the books | to not spend more money than you are earning | |
to be self-employed | to work for yourself/to not work for an employer | |
to cold call | to make a sales call to someone without asking them for permission first | |
cut throat competition | when one company lowers its prices, forcing other companies to do the same, sometimes to a point where business becomes unprofitable | |
to do market research | to do research into what potential customers would or wouldn’t buy | |
to draw up a business plan | to write a plan for a new business | |
to drum up business | to try to get customers | |
to earn a living | to earn money | |
to go bust | when a business is forced to close because it is unsuccessful | |
cash flow | the money coming in and going out of a business | |
to go into business with | to join another person to start or expand a business | |
to go it alone | to start your own business | |
to go under | (see ‘to go bust’) | |
to have a web presence | to have a website or social media profile that showcases your business | |
to launch a product | to start selling and promoting a new product | |
to lay someone off | when a company ends an employee’s contract of employment | |
lifestyle business | a business that is set up to bring in a sufficient income and no more | |
to make a profit | to earn more money than it costs to run the business | |
niche business | a business that serves a small, particular market | |
to raise a company profile | to make more people aware of a business | |
to run your own business | to have a business of your own | |
sales figures | a report of the income a company generates through sales of products or services | |
to set up a business | to start a business | |
stiff competition | strong competition from other companies in the same area of work | |
to take on employees | to employ people | |
to take out a loan | to borrow money | |
to win a contract | when a business gets legally-binding work with an individual or company | |
to work for yourself | (see ‘to be self-employed’) |
This topic has a vast range of vocabulary words that can be categorized as complex. For other IELTS vocabulary topics, you can check the IELTS vocabulary topic collection section. By using these words in the IELTS exam, you'll have a better chance of impressing the IELTS examiner and exhibiting your vocabulary. Some of the most crucial IELTS Business vocabulary is covered in this blog.
Using the above business and financial information All IELTS exam takers will benefit from learning IELTS vocabulary because it guarantees them a high grade while demonstrating their lexical resources. A high IELTS score can also guarantee you a spot in the best universities. Visit the ieltsclue blog today to discover more about the IELTS and other tests!