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GLOSSARYsecurity n. (plural securities) 1 [U] actions to keep someone orsomething safe from being damaged, stolen, etc.2 [U] a feeling of being safe and free from worry about whatmight happen3 [U] property or other assets that you promise to givesomeone if you cannot pay back the money that you owethem4 [C] a financial investment such as a bond or share, or therelated certificate showing who owns itsegment n. [C] 1 a part of the economy of a country or acompany's work2 market segment a group of customers that share similarcharacteristics, such as age, income, interests and socialclass3 market segment the products in a particular part of themarketseniority n. [U] 1 the fact of being older or higher in rank thansomeone else2 the official advantage someone has because they haveworked for an organisation for a long timeshare n. [C] one of the parts into which ownership of a companyis dividedshareholder n. [C] someone who owns shares in a companyshipment n. 1 [C] a load of goods sent by sea, road, train or air2 [U] the act of sending a load of goods by sea, road, trainor airshortlist1 n. [C] arE a list of the most suitable people for ajob or a prize, chosen from all the people who were firstconsideredshortlistz v. [T, usually passive] arE to put someone on ashortlist for a job or a prizeskill n. [C, U] an ability to do something well, especiallybecause you have learned and practised itslowdown n. [C, usually singular] when something gets slowerspecification n. [C, usually plural] a detailed description of howsomething should be designed or madesponsors v. [T] to give money to pay for a television programme,a sports or arts event, training, etc. in exchange foradvertising or to get public attentionsponsorz n. [C] a person or company that pays for a televisionprogramme, a sports or arts event, training, etc. inexchange for advertising or to get public attentionstake n. [C, usually singular] money risked or invested in abusinessstandard n. [C, U] a level of quality, skill, ability or achievementby which someone or something is judged, and that isconsidered good enough to be acceptablestandard of living n. (plural standards of living) [C, usuallysingular] the amount of wealth or comfort that a person,group or country hasstatement n. [C] 1 something you say or write publicly orofficially to let people know your intentions or opinions, orto record factsmission statement a short written statement made byan organization, intended to communicate its aims tocustomers, employees, shareholders, etc.2 a list showing amounts of money paid, received, owing,etc. and their totalbank statement a statement sent regularly by a bank to acustomer, showing the money that has gone into and out oftheir account over a particular period of timestock n. [C, U] 1 especially ArnE one of the shares into whichownership of a company is divided, or these sharesconsidered together2 stocks a supply of a commodity (= oil, metal, fa rmproduct, etc.) that has been produced and is kept to beused when needed3 especially arE a supply of raw materials or parts beforethey are used in production, or a supply of finished goods(= inventory ArnE)4 a supply of goods, kept for sale by a shop or other retailerstrategic adj. done as part of a plan to gain an advantage orachieve a particular purposestrategically adv.strategy n. (plural strategies) 1 [C] a plan or series of plans forachieving an aim, especially success in business or the bestway for an organisation to develop in the future2 [U] the process of skilful planning in generalstrengthen V. 1 [I, T] If a currency strengthens, or somethingstrengthens it, the currency increases in value.2 [T] to improve the financial situation of a country,company, etc.stunt n. [C] something that is done to attract people's attentionto a product or companysubsidiary n. (plural subsidiaries) [C] a company that is at leasthalf-owned by another companysubsidise (also subsidize ArnE) II. [T] If a government ororganisation subsidises a company, activity, etc., it payspart of the cost.subsidised adj. [only before a noun]subsidy n. (plural subsidies) [C] money that is paid by agovernment or organisation to make something such as aparticular food or product cheaper to buy, use or producesupplier n. [C] a company that provides a particular type of productsupplyl v. (past tense and past participle supplied) [T] 1 toprovide goods or services to customers, especially regularlyand over a long period of time2 to give someone something they want or needsupplyZ n. (plural supplies) [C] an amount of something that isavailable to be sold, bought, used, etc.supply chain (also distribution chain, chain of distribution)the series of organisations that are involved in passingproducts from manufacturers to the publicsurplus n. [C, U] an amount of something that is more thanwhat is wanted, needed or usedtrade surplus (also balance of trade surplus) [C, U] a surplusrelated to imports and exports, rather than other paymentssustain v. [T] to manage to make something continue to existover a long period of timesustained adj.survey n. [C] a set of questions given to a group of people tofind out about their opinions or behaviourmarket survey a study of the state of a particular market,showing competitors' sales, buyers' intentions, etc.take on phr.v. (past tense took on; past participle taken on) [T] 1take somebody on to start to employ someone174scanned for Paul Jennings

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