Here's a list of 15 business-related words suitable for an A2/B1 level student, along with examples and practice sentences:
Entrepreneur - a person who starts a business and takes on financial risks. Example: Brice dreams of becoming an entrepreneur and starting his own tech company one day.
Profit - the financial gain made in a transaction or business venture. Practice sentence: The company aims to increase its profit margins by cutting unnecessary expenses.
Investment - the action or process of investing money for future financial gain. Practice sentence: Brice decided to invest his savings in stocks and bonds to secure his financial future.
Market - the area or arena in which commercial dealings are conducted. Practice sentence: The company is planning to expand its presence in the European market next year.
Competition - the rivalry between companies striving for the same customers or markets. Practice sentence: In order to stay ahead of the competition, the company must constantly innovate and improve its products.
Budget - an estimate of income and expenditure for a set period of time. Practice sentence: Brice needs to create a budget for his business to ensure that he can cover all expenses.
Sales - the exchange of a product or service for money. Practice sentence: The sales team exceeded their targets for the quarter, thanks to their hard work and dedication.
Marketing - the action or business of promoting and selling products or services. Practice sentence: Effective marketing strategies are essential for attracting new customers and retaining existing ones.
Customer - a person or organization that buys goods or services from a business. Practice sentence: Providing excellent customer service is key to building long-term relationships with customers.
Product - an article or substance that is manufactured or refined for sale. Practice sentence: The company is launching a new product line aimed at capturing a larger share of the market.
Strategy - a plan of action designed to achieve a long-term or overall aim. Practice sentence: The company needs to develop a clear strategy for entering new markets and expanding its operations.
Brand - a type of product manufactured by a particular company under a particular name. Practice sentence: Building a strong brand identity is crucial for standing out in a competitive market.
Negotiation - discussion aimed at reaching an agreement. Practice sentence: Brice is skilled at negotiation and was able to secure a favorable deal with the supplier.
Leadership - the action of leading a group of people or an organization. Practice sentence: Effective leadership is essential for motivating employees and achieving business objectives.
Innovation - the introduction of new ideas, methods, or products. Practice sentence: The company prides itself on its culture of innovation, constantly seeking new ways to improve its offerings.
Homework Exercise: Business Vocabulary Development
Instructions:
Review the list of 15 business-related words provided below.
For each word, write a practice sentence using the word in context.
Try to use each word in a sentence related to a business scenario or context.
Spend approximately 20-30 minutes completing the exercise.
List of Words:
Entrepreneur
Profit
Investment
Market
Competition
Budget
Sales
Marketing
Customer
Product
Strategy
Brand
Negotiation
Leadership
Innovation
Practice Sentences:
Brice dreams of becoming an _______________ and starting his own tech company one day.
The company aims to increase its _______________ margins by cutting unnecessary expenses.
Brice decided to _______________ his savings in stocks and bonds to secure his financial future.
The company is planning to expand its presence in the European _______________ next year.
In order to stay ahead of the _______________, the company must constantly innovate and improve its products.
Brice needs to create a _______________ for his business to ensure that he can cover all expenses.
The _______________ team exceeded their targets for the quarter, thanks to their hard work and dedication.
Effective _______________ strategies are essential for attracting new customers and retaining existing ones.
Providing excellent _______________ service is key to building long-term relationships with customers.
The company is launching a new _______________ line aimed at capturing a larger share of the market.
The company needs to develop a clear _______________ for entering new markets and expanding its operations.
Building a strong _______________ identity is crucial for standing out in a competitive market.
Brice is skilled at _______________ and was able to secure a favorable deal with the supplier.
Effective _______________ is essential for motivating employees and achieving business objectives.
The company prides itself on its culture of _______________, constantly seeking new ways to improve its offerings.
Here are some conversation questions related to the business vocabulary provided:
Entrepreneurship:
Have you ever thought about starting your own business? What kind of business would you start?
What qualities do you think are important for a successful entrepreneur? Profit and Investment:
What are some ways companies can increase their profits?
How do you decide where to invest your money for future financial gain? Market and Competition:
How does competition impact businesses? Can it be beneficial?
What factors do you consider when analyzing a market before entering it? Budget and Sales:
How important is it for businesses to create and stick to a budget?
What strategies can companies use to boost their sales? Marketing and Customer:
How do companies attract new customers?
Why is providing excellent customer service crucial for businesses? Product and Strategy:
Can you think of a product that has been successful in the market? What made it successful?
Why is it important for companies to have a clear strategy for achieving their goals? Brand and Innovation:
What comes to mind when you think of a strong brand?
How does innovation contribute to a company's success? Negotiation and Leadership:
What are some key skills needed for successful negotiation?
How does effective leadership impact the performance of a team or organization?