Posts filed under 'Business'
Insurance terms
- actuary- estimates risk for an insurance company
- assessor- calculates value of s’thing
- claim- request for payment under an insurance policy.
- comprehensive- giving total protection, all inclusive
- cover- total protection under an insurance policy
- insurance broker- middleman who sells insurance policies to clients, operates betn policy holder & insurance company.
- liability- risk, anything that can cause insurance policy to take effect
- loss adjuster- calculates amount of compensation after a claim is made.
- policy- insurance contract
- premium- payment for an insurance policy
Add comment October 30, 2007
workload
- booking accomodation- making reservations at hotels
- drafting letters- writing to customers & supplies
- filing docs- storing so can easily be found back
- keeping boss’s diary- knowing exactily what the boss’s plans for the day & the days to come.
- managing internal communication- posting notes, handing round memos, making sure everyone knows what they need to know.
- organising meetings- from agenda to sending participants a report
- taking the minutes- writing down whats imp in a meeting.
Add comment October 30, 2007
Business attittudes
- availability- being there when necessary
- computer skills- masters at least one word processing prog, spreadsheets & databases.
- confidentiality- knowing how to keep secret
- eagerness to learn- on the lookout for new devpts, keen to master new skills
- flexibility- adapting oneself to situation at hand
- loyalty- well defend his/her boss/company no matter what happens
- organisational skills- efficient in setting up events, arranging meetings, solving practical problems
- self confidence- having a strong belief in ones own capacities
- sense of humour- appreciates a good joke, shares a laugh with colleagues.
- teamwork- ability to work together effectively with many diff sorts of people.
Add comment October 30, 2007
Business terms
- account- credit facilities a customer has with a supplier
- on approval- to buy goods on condition that u can return them if u’re not satisfied
- assets- all valuables company owns
- bank transfer- a doc by means of which money can be moved from 1account to another
- cash desk- where u pay in shop
- charge- money as payment
- competitor- business colleague who may try to steal ur customers.
- counter offer- reply to an offer in which customer requests better conditions
- to sell cut price- to sell below the normal price
- delivary van- delivers goods
- dispatch- send off goods to their destination
- display- show to public
- earn a living- gain enough money to live
- fee- money paid for services rendered
- firm offer- seller promises to supply goods at a certain price if accepted withing specified period of time.
- free of charge- at no cost
- gross profit- profit before costs have been substracted
- hire purchase- buy on credit & pay by wkly/mthly instalments
- installment- wkly/mthly payment as part of a credit scheme
- invoice-official doc listing goods & prices when a business transaction is made
- liabilities- accounting idiom for debts
- offer without engagement- seller can change conditions of the offer at any time without prior notice.
- order form- doc by means of which an order can be placed
- pay cash- pay ready money(notes & coins).
- premises- land & bldg a company owns
- profitable- giving a good return on investment
- purchase- buy in large qty’s
- receipt- doc showing that the goods have been paid
- retailer- businessman selling goods in sm qty’s
- salary- mthly payment for work as financial compensation
- settle an account- pay a bill
- statement of account- doc giving an overview of all transactions carried out over a period of time.
- regular customer- who makes reg purchases at a shop
- to do a roaring trade- run a very profitable business
- run an errand- do some shopping
- sales- period in which retailers sell off goods at reduced prices
- sample- shows customers what the goods r like
- shop around- compare prices at diff shops before buying
- shop lifter- thief who steals from a shop
- slump- period of low business activity
- supply & demand- process by which economic principles r governed.
- terms- conditions
- turnover- total value of all goods sold.
- wages- financial compensation for work paid wkly
- warehouse- store house where goods r stored
- wholesaler- businessman selling goods in L qty’s.
- wrap up- pack goods to make them look like a present.
Add comment October 30, 2007
