Advanced C1 business vocabulary for economics, corporate strategy, and workplace decisions — the words used in quality news and professional reports.
Free Business English vocabulary flashcards at the C1 level — all 35 words with definitions and examples. Study them with spaced repetition and use these words precisely, including nuance most learners miss.
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merger
the joining of two companies into one
acquisition
the act of a company buying another company
consensus
a general agreement reached by a group of people
liability
a legal responsibility for a loss, debt, or damage
quorum
the smallest number of people needed at a meeting to make its decisions valid
benchmark
a standard used to judge or compare the quality of something
deadlock
a situation in which neither side in a dispute will change position
leverage
the power to influence a situation because of an advantage you hold
procurement
the process of obtaining goods or services for a business
recession
a period when a country's economy performs badly and shrinks
inflation
a general rise in prices across an economy over time
monopoly
complete control of a market by a single company
innovation
a new idea, method, or product introduced for the first time
infrastructure
the basic systems a country or organization needs to function
bureaucracy
a complicated system of official rules and procedures
entrepreneur
a person who starts and runs their own business
downturn
a period when business activity or the economy gets worse
prosperity
the state of being successful and having plenty of money
ratify
to make an agreement official by formally approving it
consolidate
to combine several things into one stronger whole
mediate
to help two sides in a disagreement find a solution
oversee
to watch over work to make sure it is done correctly
undermine
to gradually weaken someone's confidence, authority, or effort
curb
to control or limit something harmful
capitalize
to use a situation to gain an advantage
diversify
to expand a business into a wider range of products
circumvent
to find a clever way to avoid a rule or problem
lucrative
producing a large amount of profit
viable
able to work successfully or be put into practice
binding
legally required to be obeyed or carried out
pending
waiting to be decided or settled
proactive
acting in advance to deal with a problem before it happens
redundant
no longer needed for a job because of changes in a business
provisional
arranged for the present time but likely to change later
strategic
relating to a long-term plan aimed at achieving a goal