vocabulary 1st week

VP: vicepresident     Plunge: a sudden or large fall in value or level (e.g.: a plunge in profit level)   Reps: The employees who sell a company's products are the sales representatives   Fringe benefit: something that you get because of your job which is additional to your pay but it is not in the form of money
  Background: antecedents, historialInc. Abb. For incorporated (legally established)Target market FOR our products is Revenue: an income
acquisition/takeover: (US y GB) When one company buys the majority of the shares of another, and so it gains control
  Supply stg TO sb: supply computers to customers
 Bottom line: the final line in the accounts of a company which states the total profit or loss that has been made
Redundant: (adj) having lost your job because your employer no longer needs you. Very often members of the senior management of the company being taken over may not be needed by the new company and so will be offered redundancies (with a payment)
Joint venture: When two companies decide to collaborate adopting the same business strategy to achieve an objective
 Dawn raid: When the shares of this second company are bought quietly, without publicity, and usually in the shortest possible time, it is carried by the first company
Start-up: a small business that has just started
B to B or B to C: the two main forms of making money on the Internet: either one business selling to another business or a business selling to a customer
 An horizontal portal: a website (like www.aol.com) that has information on a wide range of topic areas subject/topic of interest
  A vertical portal : a website that has every kind of information on a particular subject/topic of interest

  VAT: Value Added Tax    Movement downwards: drop, fall, plunge, slump, crash, decline

 Movement upwards: jump, rise, go up,  soar, climb
    Overheads: the regular and necessary cost, such as rent and heating or salaries, that are involved operating a business  Liquid assets: easily can be change into money
 Turnover: The amount of money that a company does in a period of time. The rate at which employees leave a company and are replaced by new people
    Personnel (UK) / Human Resources (US) Department

CFO: chief financial officer

   CTO: chief technology officer (or CIO)

COO: Chief operations officer

SVP: Vice President Senior

 Managing Director (UK)/President (US)
Webmaster: The employee who has responsibility over the company´s web site 

 

Jet-lag is a feeling of disorientation you get from travelling across time zones and from the physical effects of the journey (tiredness, dehydration, aches and pains etc).

   commission only: Payment is purely based on results, with no regular salary being paid

    non-contributory pension scheme: A kind of insurance plan which will provide a fixed salary for employees when they retire. This is paid for by the employer

 Boil: cook in very hot water