Business Vocabulary, Class 04/27/09

empower - v - to give someone the power or ability to do something.
EX: Staff are empowered to shape their career development. - empowerment - n

infringement - n breach of the law or of another person’s rights
EX: The company is being sued over infringements of copyright technology.

intellectual property - n - something that a person or business has invented and which is protected by patent.
EX: All international businesses are having to spend more on protecting their intellectual property.

trademark - n - a special, registered picture or symbol that is associated with a particular brand or product
EX: Our trademark is now well-known in most countries in the region.

B2B (business-to-business) - adj - refers to any business or correspondence between two
companies
EX: The B2B sector will be the biggest growth area in internet traffic.

e-commerce - n - selling activities that are conducted using internet technology
EX: Some consumers still lack confidence in e-commerce

glitch - n- a minor fault with a computer program or machine
EX: A glitch in the computer system has led to the cancellation of several flights

mass market - n - the market for standardised consumer products
EX: Licensing is one way for small businesses to enter the mass market

tender -n- a written offer by a supplier to provide goods or services at a certain price
EX: Your tender has been accepted at the agreed price - v– tender


boycott -n- a protest where people refuse to buy or use a product or service
EX: The consumer group is calling for the boycott of all tobacco products