Business idiom (2011-11)

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Question English Answer English
bricks-and-mortar
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bricks-and-mortar - a company that operates in traditional ways only, and does not operate on the Internet
brief
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[bri: f] official instructions saying how a job should be done
bill of lading
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a list of the goods being sent and transported by ship
cash-in-hand
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a payment made with cash, i.e. notes and coins with no record of it
factory-gate price
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the price at which products are sold to wholesalers
actuarial
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involving calculations concerning risks which are involved in an insurance
wholesaler
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a company that sells products to smaller shops
clicks-and-mortar
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a company that operates both in traditional ways and by using the Internet
content provider
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a website containing mostly information; a business providing the news for a website
downsize
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to reduce the number of workers of a company or organization in order to make it smaller and reduce costs
after-sales service
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information and service provided by a company to its customers after they have bought a product
AGM (Annual General Meeting)
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a meeting of all the members of a company held every year to discuss important issues such as financial situation etc.
back office
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A department of a financial institution where the work of people employed in the institution is checked. The back office workers check whether business deals have been made correctly and in a legal way.
blue-collar worker
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a person that does physical or manual work
brown goods
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electrical equipment used for entertainment (radios, television sets, computers)
market leader
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a company that sells the biggest amount of products of a certain type or a product that is sold more often than others of its type
aggregate
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total, including everything
golden hello
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large amount of money paid to someone for accepting an important job (usually involving changing jobs and moving to another company)
interoffice
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describing communication between different offices/departments of the same organization or company
loss leader
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a product sold at a very low price to attract customers and encourage them to buy products of the same brand or in the same shop

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