Unit 3 Business SGH Angielski

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Management hierarchy
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chain of command
Top managers
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senior managers
Key accounts
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inside a company large customers are often referred to as it
COO
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Chief Operating Office
Cross-functional teams
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a matrix structure which brings together people from different parts of the organization to work
The grassroots
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the ordinary people in an organization rather than its leaders
subordinate
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Submissive to or controlled by authority
Withdrawal
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leaving the market completely
Development
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growth
Core business
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the main activity of a company that generates most of its profits
Shareholders value
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financial benefits for the owners of the company
Product portfolio
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the whole range of products that a company sells
Brand loyalty
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when customers are faithful to a particular product
Cost centre
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a business unit that spends money but does not generate revenue
Earnings growth
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continuing increase in profits
Mission statement
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senior management’s vision for the company
Distribution channel
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how a product gets from the manufacturer to the end-user
Coordinate
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organize people so they can work together effectively
Assign
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to give somebody a job
Implement
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carry out; make a plan start to work
Control
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have a power to make decisions; make sth operate in the way you want
Ensure
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make certain that sth happens
Adapt
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change sth to fit a new situation
Monitor
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watch or measure something
Evaluate
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think about or test sth before deciding its value
Determine
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control what sth will be; officially decide sth
Tailor made
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customized; personalized
One-stop shop
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all services provided in one place
managerial depth
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amount of knowledge
Outdated
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old fashioned
Debt
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money owed to banks and other creditors
workflow
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progress of work done
Overhead
or relating to the operating expenses of a business
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of
shortage
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a lack or deficiency; insufficient amount
Over-reliance
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depending too much on something
representatives
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the same as a sales staff
Facility
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a building used for a particular purpose (especially manufacturing)
saturation
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when everyone who wants the product already has it

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