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level: Level 3

Questions and Answers List

level questions: Level 3

Question	Answer
to buy or take control of a company or part of a company	acquire
one of several shops, offices, etc. that are part of a company or organisation	branch
to suddenly start an activity	break into a new area
to increase the number of different things made by your business	broaden your product range
a number of similar shops, restaurants, etc. owned by the same company	chain
something that is very typical of a group of things that you are talking about	classic example
to think of a suggestion or plan	come up with an idea
the buying and selling of something when other businesses are trying to be more successful than yours	competitive market
someone who advises people about a particular subject	consultant
a large company or group of companies	corporation
a time by which something must be done	deadline
to become less in amount, importance, quality, or strength	decline
cheaper than usual	discounted
a piece of electrical equipment with a particular purpose in the home or office	electrical appliance
a large group of businesses that is controlled by one person or company	empire
someone who starts their own business, especially when this involves risks	entrepreneur
to increase in size or amount, or to make something increase	expand
to have to deal with the sudden failure of a system, organisation or business	face collapse
someone who establishes an organisation	founder
the ability to understand what something is really like, or an example of this	insight
If a company launches a product or service, it makes it available for the first time.	launch a product
the job of being in control of a group, country, or situation	leadership
when people stop buying things from shops or businesses	lose custom
to make something that is good or well-made continue in the same way	maintain quality
when two or more companies or organisations join together	merger
money that you borrow to buy a home	mortgage
the quality of being new or unusual	novelty
soon after an earlier success, and as a result of it	on the back of a previous success
a shop that sells one type of product or the products of one company	outlet
to become more successful than someone or something else	overtake
a person who invests money, rather than a company or financial organisation that does this for a client	private investor
making or likely to make money from selling goods or services for more than they cost to produce or provide	profitable
to order the return of someone or something	recall
more money made from selling goods or services than ever before	record profits
a characteristic of a product or service that will persuade people to buy it	selling point
when something grows, increases, or develops in an extremely good or surprising way	spectacular growth
to create or start a new business or organisation	start up
a business that is owned and controlled by a country's government	state owned enterprise
not able to solve a difficult situation	stuck on a problem
something that is not as good as it should be	substandard
a business that buys and sells goods	trading company
to change an unsuccessful business so that it becomes successful	turn a company around