WorksheetsCELPIP: Business Vocabulary Review
Total questions: 21
Worksheet time: 46mins
What does an Entrepreneur typically do?
a) Manages customer service
b) Starts and runs new businesses
c) Creates marketing plans
d) Buys franchises
Insolvency refers to ------
a) A company's expansion
b) An increase in profits
c) The inability to pay debts
d) Merging with another company
Which term refers to money a company earns from its activities?
Liquidation
Insolvency
Revenue
Franchise
Which of the following involves sharing ownership between two or more parties?
a) Partnership
b) Franchise
c) Marketing
d) Liquidation
What does this picture describe
Competition
Corporation
Merger
Arbitration
What does this picture describe?
Collaboration
Competition
Productivity
Merger
(a) helps companies promote and sell their products.
A (a) allows you to open a business using another brand’s name
Match the word to its meaning:
Liquidation
Selling off assets to pay debts when clo
Investment
Money put into a business to earn profit
Diversification
Expanding into new markets or products
Arbitration
A legal process to resolve disputes outside court
Merger
The combination of two or more companies
A merger results in the combined operations of two companies into one larger entity (a)
True
False
Diversification is the process of focusing solely on one product or service (a)
True
False
The sales team strives to understand the needs and preferences of each (a)
partnership
customer
Entrepreneur
competition
Arrange the following words in the correct order to form a meaningful sentence.
The two universities
collaborated
on a research project
through
a partnership program
Arrange the following words in the correct order to form a meaningful sentence.
The business
formed
a joint venture
with a foreign corporation
to expand into new markets.
Rivalry between businesses for customers (a)
Comepetition
Collaboration
Merger
Investment
A newly established business, often in tech (a)
Expanding into new markets or products (b)
A legal process to resolve disputes outside court (c)
Working together to achieve a common goal (d)
start-up
diversification
arbitration
Productivity
Competition
collaboration
Partnership
Match the following words with its meaning
Outsourcing
Thuê ngoài
Insolvency
Sự mất khả năng thanh toán
Ethics
Đạo đức
Arbitration
Trọng tài (giải quyết tranh chấp)
Diversification
Đa dạng hóa
Please give me an example sentence of the word: Customer
Passage:
Many entrepreneurs start start-ups to generate revenue. They seek investment, form partnerships, and sometimes diversify into new markets. If things go wrong, liquidation may occur. A franchise allows others to run a business under an existing brand. Marketing helps attract customers, while leadership is key to success. Outsourcing and mergers are also common strategies.
What term refers to a new business venture?
(a)
What is the money a business earns called?
Revenue
Investment
Liquidation
Fund
What do businesses use to expand under a known brand?
Marketing
Outsourcing
Franchise
Financing
Please read aloud the list of the 20 business-related vocabulary words that you have learned from the topic
Choose one word from the vocabulary list and explain it in your own words. Give a real-life example.
