# Business Management Upper Intermediate

https://hienglishquiz.com/vocabulary/professional-specialized-b2-business-and-management-vocab

- CEFR: B2 (Upper-intermediate)
- Theme: Professional & Specialized
- Words: 16
- Premium: no
- Locked: no

Business management vocabulary for running a team through change, including overheads, contingency planning, headcount and the bottlenecks a restructuring…

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## Word list

* **overhead** /ˈoʊvərˈhɛd/: The regular costs of running a business that are not tied to making a specific product, such as rent. — “Cutting **overhead** was the only way to stay profitable.”
* **contingency** /kənˈtɪndʒənsi/: A plan or amount of money kept ready in case something unexpected happens. — “We built a **contingency** into the budget for delays.”
* **restructuring** /riˈstrʌktʃərɪŋ/: The process of reorganising a company's structure, often to cut costs or improve performance. — “Hundreds of jobs were lost during the **restructuring**.”
* **synergy** /ˈsɪnərdʒi/: The extra benefit gained when two people, teams or companies combine their efforts effectively. — “The merger was expected to create **synergy** between the two brands.”
* **turnkey** /ˈtɜrnˌki/: Describes a product or service that is ready to use immediately, with nothing left to set up. — “The company sells a **turnkey** solution that needs no extra installation.”
* **scalability** /ˈskeɪləˈbɪlɪti/: The ability of a business or system to grow or handle more work without major problems. — “Investors were impressed by the app's **scalability**.”
* **headcount** /ˈhɛdˌkaʊnt/: The total number of people employed by a company or department. — “The department froze **headcount** until next year.”
* **streamline** /ˈstrimˌlaɪn/: To make a process simpler and more efficient by removing unneeded steps. — “New software helped **streamline** the company's ordering process.”
* **outsource** /ˌaʊtˈsɔrs/: To pay another company to do work instead of doing it in-house. — “They decided to **outsource** their customer support to another firm.”
* **leverage** /ˈlɛvərɪdʒ/: To use something you already have to gain the greatest possible advantage. — “The startup used its brand name to **leverage** better funding deals.”
* **escalate** /ˈɛskəˌleɪt/: To pass a problem up to a more senior person. — “Anything unresolved after a week you **escalate** to the director.”
* **remit** /riˈmɪt/: The area of responsibility given to a person or group. — “Staffing was never part of that committee's **remit**.”
* **bottleneck** /ˈbɑtəlˌnɛk/: The stage in a process that slows everything else down. — “Approval is the **bottleneck** and everyone works around it.”
* **action point**: A specific task agreed at a meeting. — “Every **action point** had a name and a date beside it.”
* **key performance indicator**: A measure used to judge how well something is working. — “One **key performance indicator** was rewritten to make the year look better.”
* **stand-up** /ˈstænˌdʌp/: A short daily meeting held to share progress. — “The **stand-up** was fifteen minutes and often forty.”

## Related

- Vocabulary library: https://hienglishquiz.com/vocabulary
- Section guide: https://hienglishquiz.com/vocabulary/llms.txt