Essential Business & Financial Terminology

Essential Business & Financial Definitions

• Start-up: A new business

• Benefit: An advantage or gain

• Idea: A concept or thought

• Problem: A challenge to solve

• Solution: A way to solve a problem

• Product: A good for sale

• Service: A helpful action or work

• Customer: A buyer or user

• Target Audience: The intended group of people

• Competition: Other businesses in the market

• Business Plan: A roadmap for a business

• Marketing: Promoting products or services

• Funding: Money for a business

• Earn: To receive money for work

• Income: Money received regularly

• Sales: Transactions of goods or services

• Profit: Money earned after costs

• Goods: Physical products

• Savings: Setting money aside

• Budget: A plan for money management

Synonyms for Key Business Terms

• Start-up: New company, new venture

• Benefit: Advantage, gain, profit

• Idea: Concept, thought, notion

• Problem: Challenge, difficulty, obstacle

• Solution: Answer, resolution, fix

• Product: Item, good, merchandise

• Service: Assistance, help, support

• Customer: Client, buyer, consumer

• Target Audience: Intended group, focus group, market segment

• Competition: Rivalry, contest, opponents

• Business Plan: Business strategy, business roadmap, business proposal

• Marketing: Promotion, advertising, publicity

• Funding: Financing, capital, investment

• Earn: Make, gain, receive

• Income: Earnings, salary, revenue

• Sales: Transactions, deals, exchanges

• Profit: Earnings, gain, surplus

• Goods: Products, commodities, wares

• Savings: Reserves, funds, money put aside

• Budget: Financial plan, spending plan, allocation

Concise Business Term Synonyms

• Start-up → Venture

• Benefit → Advantage

• Idea → Concept

• Problem → Difficulty

• Solution → Resolution

• Product → Item

• Service → Assistance

• Customer → Client

• Target Audience → Target group

• Competition → Rivalry

• Business Plan → Business strategy

• Marketing → Promotion

• Funding → Financing

• Earn → Gain

• Income → Earnings

• Sales → Transactions

• Profit → Gain

• Goods → Products

• Savings → Reserves

• Budget → Financial plan

Business Terms in Example Sentences

• Start-up → She wants to create a start-up.

• Benefit → Exercise has many benefits.

• Idea → I have a new idea.

• Problem → We must solve this problem.

• Solution → He found a quick solution.

• Product → This product is very popular.

• Service → The service was excellent.

• Customer → The customer is always right.

• Target Audience → Teenagers are our target audience.

• Competition → The competition is very strong.

• Business Plan → We wrote a business plan.

• Marketing → Good marketing increases sales.

• Funding → We need funding for our project.

• Earn → I earn money every week.

• Income → My income is stable now.

• Sales → Sales increased last month.

• Profit → We made a big profit.

• Goods → The store sells quality goods.

• Savings → I keep my savings in the bank.

• Budget → We must respect the budget.