Top Tips for IELTS

Business vocabulary for IELTS

This is the next in my series of lessons on topic vocabulary for IELTS – this time featuring language to write about business. This is quite a technical area and I concentrate on showing you how to use some of the most common words and phrases. This means I do not simply give you lists of words and phrases but show you different forms of the words and some common collocations. There are also a number of different exercises for you to practise these words in context.

Compete – an example of word formation

A top tip is not to learn one word at a time but to learn the whole family of words. This way you learn 3/4 words at a time. That’s good. You can also use words much more flexibly. That’s even better. See how this works with the word compete – a key business concept

Market – an exercise in collocations

Another top tip is to learn phrases (or collocations) when you learn words. If you want to be able to use words for yourself, you need to know what other words it is normally used with. You should find that if you do this, it helps you understand the meaning of words far better than learning any dictionary definition.

Company and business

There are a variety words to describe a business in English:

Notes

Be careful with the word business. When we use it uncountably, it means the idea – to do business. If, however, we use it countably it describes a company like entity – a family business.

A company is used properly to describe a body that is a legal entity. Many businesses, particularly smaller businesses, are not legal entities – hence the term small businesses.

Corporation is used to describe larger companies and is more American than British.

The supply chain – products and services

You should also be familiar with the most common types of  companies. Products and services reach the consumer through a supply chain. Put (very) simply products and services reach the consumer through a chain of supply. Manufactures use raw materials to produce products which are supplied to wholesalers who store those products and sell them to retailers (shops) where we buy them.

Customers, consumers and clients

This is a tricky one. It can be very difficult to distinguish between consumers, customers and clients. Typically, (and this not a rule) you find customers buying things in shops,but clients receive services. Consumer is a more general term and is often used when thinking more abstractly or legally (consumer rights).

Notes

There are of course many other more technical words we use here: patients in hospitals and passengers in transport for example.

Finance

There are many, many technical terms here. This is a small selection of the more general use words you should be comfortable using.

Notes

Pay careful attention to collocations in this area. In particular, think about “common” words such as reduce, increase, major, minor, high and low

People in businesses

In some ways, the key words here are employ, employment, employer and employee. These are a few more variations with some useful collocations.

Money and employment

Business is (partly at least) about individuals making money. These are some of the less technical words you should be familiar with.

notes

salary and wage have the same essential meaning. Typically, skilled workers receive a salary and unskilled worked a wage.

Exercises

Sentence exerises

Paragraph exercises

 

   

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14 Responses to Business vocabulary for IELTS

  1. roshavbg February 26, 2012 at 6:41 pm #

    Welcome back Dominic. I miss yours advice.

  2. Dominic's Fans February 27, 2012 at 1:34 pm #

    It’s really helpful in IELTS Academic exams…

  3. shuayeb February 28, 2012 at 7:35 am #

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  4. JISS March 6, 2012 at 8:06 am #

    MY HEARTFELT WELCOME I TOO MISSED UR LESSONS A LOT

  5. Dinaz March 6, 2012 at 7:40 pm #

    Very useful indeed – but the lessons have stopped yet again —please do continue to send them – you have been a tremendous help !

    thanks D

  6. natasha April 6, 2012 at 12:39 pm #

    thanks

  7. Lily April 9, 2012 at 7:04 am #

    Thank you so much for your devotion and contribution! What a great expert!

  8. Deepti April 16, 2012 at 6:50 pm #

    Thanks for your advice.

  9. Flor April 18, 2012 at 5:07 pm #

    Thank you very much for all your help! this blog is an excellent tool for my IELTS preparation.

    God Bless You Professor Dominic.

  10. zen, April 22, 2012 at 8:24 am #

    Tanku for your new lessons as usual its preety good and helpfull.

  11. JISS June 21, 2012 at 3:34 pm #

    hello sir,
    Hope u remember me …My name is Jiss and I am from Kerala ,India……I was a regular reader of ur blog since sep2011.Almost 5 times i approached ielts examination blindly but this time i practised ur guidelines and approaches to ielts..Ur guidelines are so different and correct……..this time surprisingly i got 7 for all four modules…U have helped me, whenever I asked doubtes….and clarified them in such a very good manner…I would like to extend my heartfelt thanks and regards to u.
    God bless u.
    My prayers always will be with u …….

  12. JISS June 21, 2012 at 3:35 pm #

    hello sir,
    Hope u remember me …My name is Jiss and I am from Kerala ,India……I was a regular reader of ur blog since sep2011.Almost 5 times i approached ielts examination blindly but this time i practised ur guidelines and approaches to ielts..Ur guidelines are so different and correct……..this time surprisingly i got 7 for all four modules…U have helped me, whenever I asked doubtes….and clarified them in such a very good manner.so..I would like to extend my heartfelt thanks and regards to u.
    God bless u.
    My prayers always will be with u …….

    • Dominic Cole July 6, 2012 at 8:29 am #

      Congratulations. It’s always good to hear good news. Really well done – perseverance pays.

  13. TheIELTSSolution.com June 26, 2012 at 10:56 am #

    Hi,

    Thank you for this very informative post. Most points emphasized are very useful for the exam. Keep posting.

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