Advanced Deck 1
Total: 20 cards
recession
noun
Unreviewed
a temporary depression or decline in economic activity or prosperity
depression
noun
Unreviewed
period when excess aggregate supply overwhelms aggregate demand, resulting in falling prices, unemployment problems, and economic contraction
regulation
noun
Unreviewed
a principle, rule, or law designed to control or govern conduct
intellectual property
noun
Unreviewed
the set of intangible assets owned and legally protected by a company from outside use or implementation without consent
valuation
noun
Unreviewed
the act of estimating or setting the value of something; appraisal
encryption
noun
Unreviewed
the act or process of encrypting something; a conversion of something (such as data) into a code or cipher
bond
noun
Unreviewed
a security representing the debt of the company or government issuing it
price war
noun
Unreviewed
a period of intense competition among businesses in which each competitor tries to cut retail prices below those of the others
close the deal / strike a deal / secure the deal
idiom
Unreviewed
to reach an agreement
think outside the box
idiom
Unreviewed
to explore ideas that are creative and unusual and that are not limited or controlled by rules or tradition
implementation
noun
Unreviewed
the process of putting something into effect
whereas
conjunction
Unreviewed
compared with the fact that; while on the contrary
financial management
noun
Unreviewed
the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization
localization
noun
Unreviewed
the process of organizing a business or industry so that its main activities happen in local areas rather than nationally or internationally
purchasing power
noun
Unreviewed
the amount of money that a person or group has available to spend; the value of money thought of as how much it can buy
cyclical
adjective
Unreviewed
of or relating to a variable, such as housing starts, car sales, or the price of a certain stock, that is subject to regular or irregular up-and-down movements
people skills
noun
Unreviewed
the ability to work with or talk to other people in an effective and friendly way
joint venture
noun
Unreviewed
a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task
talent pool
noun
Unreviewed
the suitable, skilled people who are available to be chosen to do a particular type of job
customer retention
noun
Unreviewed
the fact of keeping a customer for a period of time
