English For Business Studies - Unit 1 Study Guide Graded A+

stakeholder {Ans: (n) a person who is directly affected by a process or business activity}raw materials {Ans: (n) the basic materials used for making a finished product}consume {Ans: (v) to use goods, resources or services}product {Ans: (n) something that is made or grown to be sold}ownership {Ans: (n) the people or entities that own the value created by an organization}market research {Ans: the gathering and analysis of information relating to the size, location and makeup of a market}marketing {Ans: (n) the activity of promoting and selling products or services}labour {Ans: (n) the people who work in an organization}promotion {Ans: (n) advertising the existence of something to increase its popularity}liability {Ans: (n) an amount owed by a business}premises {Ans: (n) the land and buildings owned by a businessterm-41}service industry {Ans: the sector of business that provides services to people}operations {Ans: (n) the day-to-day activities of a company}salary {Ans: (n) the money paid for an employee's services}income {Ans: (n) money that is earned by working, investing or selling goods or services}partnership {Ans: (n) an arrangement in which two or more people or organizations work together}input