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STOCK EXCHANGE |
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places where shares are bought and sold |
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JOINT VENTURE |
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– the large business project where two or more companies join together |
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TRAVELLING EXPENSES |
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money spent on travelling and hotels for business purposes |
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UP MARKET |
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more expensive |
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WHITE KNIGHT |
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a person who rescues a company from financial difficulties |
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BRAND X |
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the anonymous brand used in TV commercials to compare with the brand being advertised |
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YELLOW PAGES |
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business telephone directory |
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BLUE CHIPS |
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low-risk shares in good companies |
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INCOME TAX |
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tax on a person’s income |
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HUMAN RESOURCES |
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workers which a company has available (seen from the point of view of their skills and experience) |
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RED TAPE |
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official paperwork which takes a long time to complete |
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INTELLECTUAL PROPERTY |
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ownership of something which is in the mind of the inventor and cannot be seen or touched |
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GROSS PROFIT |
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– income from sales minus cost of sales |
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HARD CURRENCY |
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the currency of a country that has a strong economy and which can be changed into other currencies easily |
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BLACK MARKET |
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buying and selling goods or currency in a way which is not allowed by law |