TWO-WORD EXPRESSIONS

 STOCK EXCHANGE

places where shares are bought and sold

 JOINT VENTURE

– the large business project where two or more companies join together

 TRAVELLING EXPENSES

money spent on travelling and hotels for business purposes

 WHITE KNIGHT

a person who rescues a company from financial difficulties

 BRAND X

the anonymous brand used in TV commercials to compare with the brand being advertised

 YELLOW PAGES

business telephone directory

 INCOME TAX

tax on a person’s income

 HUMAN RESOURCES

workers which a company has available (seen from the point of view of their skills and experience)

 RED TAPE

official paperwork which takes a long time to complete

 GROSS PROFIT

– income from sales minus cost of sales

 HARD CURRENCY

the currency of a country that has a strong economy and which can be changed into other currencies easily

 BLACK MARKET

buying and selling goods or currency in a way which is not allowed by law