Business fundamentals

extract

to remove a substance from another substance

mining

the process of getting coal or metal from under the ground

monopoly

ECONOMICS a company that has complete control of the product or service it provides because it is the only company that provides it

gross profit

your total profit before you pay tax

net profit

the amount that remains after you have paid tax

raw materials

substances such a coal or iron that are in their natural state before being changed by chemical processes

USP

unique selling proposition or unique selling point, the thing that makes a product or service special or different from the others

value

the amount that something is worth, measured especially in money

entrepreneur

someone who uses money to start businesses and make business deals

human resources

the department within a company that is responsible for employing and training people and for looking after workers who have problems

joint venture

an agreement between two companies to work together on a particular job, usually in order to share any risk involved

logistics

the activity of transporting goods to customers or to places where they are bought or sold

shareholder

someone who own shares in a company

break even

if a person or business breaks even, they neither make a profit nor lose money

cost of goods sold

the cost of making a product, which includes materials, manufacturing and labour

fixed cost

a cost such as rent that a company has to pay that does not depend on how much it produces

improve

to make something better

profit margin

the difference between how much money you get when you sell something and how much it costs you to buy or make it

revenue

income from business activities or taxes

stock

the goods that are available to buy in a shop

variable cost

a cost that changes according to how much of a product is made

cosmetics

substances that you use on your skin to make yourself look more attractive

counsellor

someone whose job is to give advice and help to people with problems

gain

to get more of something, usually as a result of a gradual process

internship

a job that a student or someone who has recently obtained a degree takes in order to get experience

survey

a set of questions that you ask a large number of people or organizations

trainee

someone who is training for a particular profession or job

I'm a first year student/ I study in the firt year

jestem studentem pierwszego roku

to produce/ to make / to manufacture

produkować

to be responsible for

być odpowiedzialnym za

to be in charge of stg

być odpowiedzialnym za coś

to manage

zarządzać

i have people under me

mam ludzi pod sobą

they report to me

raportują mi

subordinate

podległy podwładny

chart

wykres

an axis/ axes

oś

straight / curve

prosta/

to go up (goes up)/ to rise(a rise)/ to grow(growth)/ to increase (an increase)

wzrasta

horizontal line

constant/ to remains unchange/ stable

a bar chart

batonikowy

a pie chart

okrągły

accurate

dokładny

to announce a vacancy

ogłosić wakat

to publish a job advert

publikować reklamę

recive a documents

dostarczyć dokumenty

to select the best candidate

to shortlist

a job interview

rozmowa o prace

CEO chief executive officer/ Main Director

under chairman in a pyramid

Finance director

accounts/payroll

Human Resources director

recruitment/ training

Operations director

research and development produciton supply chain

Information system director

information technology helpdesk

fill in

wypełnić

study at

studiować na

apply to a firm for a job as

aplikować do firmy do pracy jako

send off

wysłać

use of

używać

reduce to

zredukować