Business English

A person or company that supplies goods.

• Supplier

• Tangible asset

• Grey marketing

• Retained earnings

The government department responsible for collecting the tax on goods that have been brought into the country and making sure that illegal goods are not imported or exported.

• Trade barrier

• Customs

• Manufacturer

• Intellectual property

The price at which one currency may be exchanged for another.

• Exchange rate

• Sales representative

• Internship

• Wage

Something that makes trade between two countries more difficult or expensive, for example a tax on imports.

• Trade barrier

• Interest rate

• Pension

• Marketing mix

A person or company that produces goods in large quantities.

• Manufacturer

• Machines and equipment

• Intellectual property

• Inventory

A thing of value, especially property, that a person or company owns, which can be used or sold to pay debts.

• Asset

• Salesperson

• Tangible asset

• Intangible assets

An asset that is physical and can be valued easily, rather than an intangible asset that is difficult to value.

• Tangible asset

• Intangible assets

• Asset

• Outsourcing

Tools or devices used to perform specific tasks or produce goods.

• Machines and equipment

• Inventory

• Product range

• Enquiry

Assets that are not physical in nature, such as intellectual property or goodwill.

• Intangible assets

• Salary

• Wage

• Pension

An official document granting exclusive rights to an inventor for their invention.

• Patent

• Intellectual property

• Asset

• Tangible asset