Topic 11
Table of Contents
Topic 11, Collins Business Vocabulary in Practice Exercises and Flashcards
Wordlist for Topic 11, Collins Business Vocabulary in Practice
Word | Definition | Example |
customer care | the process of looking after customers to best ensure their satisfaction | Colombian telecoms operator ETB is in the process of modernising its customer care service centres |
customer relations | are the relationships that a business has with its customers and the way in which it treats them | Good customer relations require courtesy, professionalism and effective response. |
emotional capital | When people refer to the emotional capital of a company, they mean all the psychological assets and resources of the company, such as how the employees feel about the company | U.K. organisations are not nourishing their intellectual and emotional capital. |
service with a smile | when a company treats its customers in a friendly and helpful way | Attention to detail, comfort and service with a smile are what you can expect and count on. |
loyal | if customers are loyal to a particular product, they continue to buy it and do not change to other products | The chain is trying to appeal to customers loyal to other fast-food companies. |
customer satisfaction | when customers who have paid for a product or service feel happy with it | Our main goal is to achieve customer satisfaction at all times. |
corporate hospitality | when companies entertain clients, take them on trips etc in order to get business | Companies use corporate hospitality to improve relationships with their customers and suppliers. |
code of practice | a set of written rules which explains how people working in a particular profession should behave | The auctioneers are violating a code of practice by dealing in stolen goods. |
serve | perform duties or services for (another person or an organization) | He was elected to serve another six years. |
repeat business | if a company gets repeat business, customers return to it to buy more of its products or services | The firm continued to grow, owing mainly to a high level of repeat business. |
client | a customer or someone who receives services | A client receives a service from a professional person. |
consumer | a person who buys goods, products or services for their own use, not for business or to re-sell | Consumers are demanding more choice and variety |
customer | a person who buys goods or a service | A customer is someone who buys goods or services. |
customer base | the customers or potential customers of a particular business, considered collectively | They are trying to find ways to expand the customer base. |
repeat customer | client who buys products or services more than once | Last year, 55% of revenues came from repeat customers. |
turn away | to stop supporting someone, or stop using or being interested in something, or to make someone do this | Consumers are turning away from credit cards. |
after-sales service | repairs and advice given to a customer by a company after the customer has bought a product from the company | The company offers three years of after-sales service. |
warranty | a written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time | The car comes with a three-year warranty. |
guarantee | to promise to do something or to promise that something will happen | I guarantee you'll love this film. |
training | the action of teaching a person or animal a particular skill or type of behaviour | All new staff will receive training. |
staff training | training to improve the performance or knowledge of the employees or workforce or a company, etc | And employers are spending more on staff training. |
staff development | the process whereby employees of an organisation enhance their knowledge and skills in directions that are advantageous to their role in the organisation | Local government is showing an increased commitment to staff development. |
incentive | a positive motivational influence | Another incentive is the tax and duty-free importation of raw materials to be used for book publishing. |
commit | to do something illegal or something that is considered wrong | Carl and Adam committed a crime. They robbed a large supermarket. |
induction | the introduction and training of someone into a new job | A team from personnel will conduct the inductions. |
apprentice | a person who is learning a trade from a skilled employer | He became an engineering apprentice with a local firm. |
supervisor | a person who supervises a person or an activity. | If you have a problem, go to your supervisor. |
head of department | a leader or person in charge of a department in an organization | He's the head of department in Purchasing. |
on-the-job training | education at the workplace | The company provides on-the-job training for sales managers |
off-the-job training | the training method wherein the workers/employees learn their job roles away from the actual work floor | A quarter had received off-the-job training in their jobs. |
mentor | a person who gives a younger or less experienced person help and advice | A great mentor could assess your current experience and identify areas that require improvement |
mentoring | the practice of assigning junior members of staff to the care of more experienced people who assist them in their careers | A further 19 will be placed on a support programme, offering mentoring from successful business people. |
public relations | the activity of keeping good relationships between an organization and the general public | I'm a public relations officer, so I answer questions from journalists. |
publicity manager | also referred to as public relations managers, work with individuals and companies in an attempt to help them earn favorable press in the media | She works as a publicity manager for a multinational company. |
press release | an official statement giving information to the newspapers, radio, or television | The company didn't comment on the charges, but will be issuing a press release today. |
press conference | a meeting at which someone makes an official statement to the people who write for the newspapers, radio, or television | The Green Party held a press conference the next day. |
corporate image | is the perception held about an organisation by the various stake holders in the company (like investors, customers, vendors & government), public and the society at large | The company has perfect corporate image. |
corporate values | things that are important for the company | It is important for employees to support corporate values. |
corporate advertising | the advertising done for an entire institution/ company/ organization and not for individual brands or products | The company launches a massive corporate advertising campaign. |
below the line promotion | relating to a company's spending on marketing activities other than advertising, for example research | Agencies offer strategic advice as well as below the line services like market research, pack design and direct marketing. |
above the line promotion | relating to forms of advertising that will be seen by a lot of people, such as advertisements in newspapers and on television, rather than other forms of marketing | In contrast to traditional above the line marketing, it's almost impossible to measure the short-term effect of product placement. |
consumer laws | consists of regulations and statutes that seek to create a more equitable balance for a buyer in the marketplace | It is important to follow the consumer laws. |
caveat emptor | the principle that the person who buys something is responsible for checking that it is not broken, damagedetc | My final words would be caveat emptor - let the buyer beware. |
consumer rights | are generally a reference to a body of law that pertains to things the producers of goods must do to protect customers from harm | The lawyer protects consumer rights. |
customer data | is information held on file about customers by a store or other business, usually including names, contact details, and buying habits | In general, customer data tend to be more accurate than information on income. |
Trade Descriptions Act | is a law designed to prevent companies from presenting their goods or services in a dishonest or misleading way | Last year it was convicted and fined under the Trade Descriptions Act for placing For Sale boards on empty homes in the area. |
Data Protection Act | a United Kingdom act of parliament designed to ensure the proper handling of information stored about individuals on computers and entitling individuals to find out what information is stored about th | It is all stated in the Data Protection Act. |
Internet security | s defined as a process to create rules and actions to take to protect against attacks over the Internet | An example of Internet security is an online system that prevents credit card numbers from being stolen on a shopping website. |