When it comes to business English vocabulary, then it relates to business English. Business English relates to the particular language for usage in contexts of professional and commercial. It covers vocabulary, grammar, and communication patterns that are specially tailored to the conducting business activities needs. They include negotiations, presentations, meetings, and correspondence.
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The Importance of Business English Vocabulary
- Effective Communication
In terms of business, it is important to speak concise and effective communication. It is important to use business English for revealing ideas, making negotiations to reach deals, and building relationships while gaining objectives organizational. With the right business English, professionals can communicate with full confidence fluently in different situations.
- Increasing The Chance of Building Relationships
Business English is very important, whether it is for internal organization conversation or external stakeholders, like partners, clients, suppliers, and investors. The vocabulary of Business English often includes several words that relate to various niches like marketing, finance, management, and even international trade.
- Making Communication Easier
Communicating with friends only needs a common vocabulary to create good relationships. In the world of business, making communication by using the right business English vocabulary. It enables professionals to have discussion about topics that are specific to their industries accurately in an effective manner.
What’s more, Business English vocabulary comprises understanding as well s using formal language structures, professional etiquette, and cultural nuances. They are appropriate for different business settings and contexts.
- Path to Success
Proficiency in Business English vocabulary improves the ability to succeed in a globalized environment of business. Business is the world where cross-cultural communication and collaboration are highly common. Mastering skills in Business English is highly essential for anyone seeking to improve in their careers.
The Use of Business English Vocabulary
Basically, business English is not merely for pure business. The existence of business English is highly versatile for various subjects such as teaching, engineering, medical purposes, and many more. Some examples of business English-wide usage include:
- Business Meetings
More often than not, business English is very common for meetings, particularly business meetings. Meetings can involve business owners and staff, business owners and clients, or any kind of meeting that involves global clients so English is widely used.
- Presentations
Presentations are part of any kind of business. Whether the meeting is conducted locally or globally, it will involve business English vocabulary. This is to ensure that all participants in the meeting can understand the main idea of the meeting.
- Professional Gathering
There are moments when business owners need to meet their global clients so they will use business English. The gathering may refer to the circumstance where it is expected to use professional language. For example, a formal gathering that involves global government officials has to use business English.
- Correspondence
The need of using business English vocabulary is a necessity when it comes to correspondence. Business letters in the form of email or other kinds documentation of memo will require the use of standard vocabulary of business English. Besides, English is the international business language so most standard business letters are using business English vocabulary.
- Negotiations
In this case, the negotiation takes place between two parties who want to reach an agreement. By using the right business English vocabulary, then there will be faster results in reaching agreements. Standard business English can facilitate the negotiation.
Why Business English Vocabulary Are Not Similar To Common English Phrases
Basically, there are some key characteristics that can distinguish English for business or general purposes. First things first, vocabulary is the most crucial element in business English. Those vocabularies comprise words and phrases that are used specifically in business settings and formats.
The tone is another aspect that distinguishes business English from the common English language. Whether it is in written or spoken English, the tone is formal for business settings. Business English should be very formal and professional instead of casual English. It also relates to the choices of words and even grammar. The use of slangs is not allowed for business English, for example. In short, the use of the right business English vocabulary can help contribute to the company’s image among competitors, clients, and customers.
Examples of Business English Vocabulary
Below are the standard vocabulary for business English
- Expenses: The costs that are generated in the conducting business process.
- Budget: The plan of financial detailing the revenues and expenses on a certain period of time.
- Revenue: The income that is generated from business operational activities.
- Presentation: A formal discussion that involves the audience in a forum where visual aids are beneficial for representing a company’s existence.
- Profit: The financial income that a company is earning after reducing expenses from revenue.
- SWOT : Assessment of a company that contain strengths, weaknesses, opportunities, and threats.
- Negotiation: A discussion with the main objection of reaching an agreement.
- Market research: The gathering information process about potential customers and even competitors.
- Feedback: A review of products, whether it is good or bad in order to improve product quality or performance
- Investment: Resource allocating, that is usually in the form of money, into ventures or assets in order to generate income.
- Return on Investment: A certain measure that is beneficial for evaluating the investment’s efficiency or profitability.
- Sales: The trading of goods or services to gain money.
- Marketing: The promotion products or services process to attract buyers or customers.
- Target market: The specific consumers group that has good chance of buying or using certain products or services.
- Profit margin: The revenue percentage that surpass the goods sold costs.
- Stakeholder: Individuals or groups with good interest or concern in the business success.
- Supply chain: The processes sequence involved in the goods production and distribution.
- Contract: A binding agreement between two or more parties with legal authorization.
- Strategy: An action plan that is composed to gain certai ngoals .
- Brand: The image of a product or a company that can identify its existence
Those are only very few examples of business English vocabulary. Though there are still many more terms that people can use in the world of business, have a look to the following table.
100 Business English Vocabulary Words
Complete List with PDF, Flashcards and SBN formats
Find below links to resources related to this word list.
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