• E-mail: admin@9ielts.com
  • Listening
    • IELTS Practice Tests
    • Recent Actual Tests
  • Reading
    • IELTS Practice Tests
    • Recent Actual Tests
  • Speaking
    • Speaking Part 1
    • Speaking Part 2
    • Speaking Part 3
  • Writing
    • General Training Writing Task 1
    • Academic Writing Task 1
      • Bar Chart
      • Line Graph
      • Pie Chart
      • Table
      • Map
      • Process Diagram
      • Mixed Charts
    • IELTS Writing Task 2
      • Advantages & Disadvantages Essays
      • Agree or Disagree Essays
      • Discuss Both Views Essays
      • Direct Questions Essays
      • Problems/Causes & Solutions Essays
  • Grammar
  • Vocabulary
    • Speaking Vocabulary
    • Writing Vocabulary
    • Collocations for IELTS
  • Books
  • Blog
No Result
View All Result
No Result
View All Result
Home IELTS Vocabulary

Collocation for IELTS: Business and Money

9IELTS by 9IELTS
October 18, 2022
in IELTS Vocabulary, Collocations for IELTS
Reading Time: 7 mins read
196
VIEWS

1. To take something into consideration/ account

Meaning: to consider or remember something when judging a situation

Example: No business will succeed if it fails to take the needs of customers into account/into consideration.

2. To break into a market

Meaning: to enter a market with the connotation that entrance to the industry was difficult.

Example: It is difficult to break into the market for designer sportswear because there is too much competition from leading brands like Nike.

3. To keep someone’s word

Meaning: to uphold one’s promise; to do as one says

Example: I lent him a lot of money, so I hope that he keeps his word and repays the loan.

4. To reach a consensus

Meaning: to come to an agreement

Example: The directors of the company have reached a consensus on the new business plan.

5. To make the most of something

Meaning: to make something appear as good as possible; to exploit something; to get as much out of something as is possible.

Example: They designed the advertisements to make the most of the product’s features.

6. To go out of business

Meaning: if a company goes out of business, it stops doing business permanently, especially because it has failed

Example: If we sold food at those prices we’d soon go out of business.

7. To do market research

Meaning: to collect information about what people buy and why they choose it.

Example: Advertising companies do a lot of market research before they design promotion campaigns.

8. To make cutbacks

Meaning: to decrease, to reduce

Example: The company made cutbacks at their stores in New York and many employees were dismissed.

9. To manage expectations

Meaning: Seek to prevent disappointment by establishing in advance what can realistically be achieved or delivered by a project, undertaking, course of action, etc.

Example: the company needs to manage the expectations of investors by presenting a realistic figure for next year’s estimated profits.

10. To make a calculation

Meaning: to assess a situation and figure out (or guess) the outcome

Example: We cannot make a precise calculation of the price until we have all the costs.

11. To pay in arrears

Meaning: refers to making a payment to a supplier later than the terms of the arrangement under which goods or services were purchased from the supplier.

Example: The company pays one month in  arrears to all  its suppliers and employees.

12. To buy at auction

Meaning: to buy something at a usually public sale of goods or property, where people make higher and higher bids (= offers of money) for each thing, until the thing is sold to the person who will pay most

Example: Buying a property at an auction can be a nerve-wracking or exhilarating experience.

13. To squander a chance/ savings

Meaning: to waste money or supplies, or to waste opportunities by not using them to your advantage

Example: James squandered all his savings in an unsuccessful business venture to sell ice cream in Alaska.

14. Overhead cost

Meaning: refers to regular costs required to run a business, such as rent, electricity, wages etc

Example: An increase in rents in the shopping mall increased the overhead costs of all the shops which operated there.

15. A takeover

Meaning: an act of taking over a company by buying its shares

Example: Sony made a successful takeover of the broadcasting company CBS.

16. A merger

Meaning: the action of joining two or more businesses into one

Example:      The directors of Kentucky Fried Chicken and Burger King are considering a merger of the two companies.

17. A heavy workload

Meaning: having many tasks to perform

Example: Many employees of the company take time off work because of illness and stress due to the heavy workload.

18. Compensation

Meaning: something that somebody gives you [usually money] because they have hurt you or damaged something that you own

Example: I received a large sum of money as compensation for the injury which I sustained at work.

19. Revenue

Meaning: the money that a government receives from taxes or which a company receives from its business

Example: The tax revenues of the government have fallen as a result of the economic crisis.

20. White-collar

Meaning: working in an office, not a factory

Example: The insurance company is offering some white-collar jobs if you want to apply.

21. Blue-collar

Meaning: connected with people who do physical work in industry

Example: He’s a blue-collar worker in a car factory.

22. To run your own business

Meaning: to have a business which you own

Example: I was tired of working for other people, so I decided to run my own business.

23. To earn a living

Meaning: to earn money

Example: I used to earn a living as a teacher, but now I sell used cars.

24. Enhance their public image

Meaning: to make their company appear more attractive to people

Example: In order to enhance their public image, some companies donate large sums of money to charities.

25. To grow a business

Meaning: to expand a business, usually a new one

Example: The company started one year ago with only one shop, but they have grown the business and now have ten shops.

26. To gain a competitive edge

Meaning: to achieve an advantage over another company or organization, often by providing the same goods or services at a lower price

Example: The high quality of VW cars, combined with their affordable price, has enabled the company to gain a competitiveedge over all its rivals in world markets.

27. Maximize profits

Meaning: to increase profits to the highest possible level

Example: The company has hired a marketing consultant to recommend how to maximize profits next year.

28. To conduct a business

Meaning: to operate a business in a particular way

Example: It is important to conduct a business with honesty in order to gain the confidence of customers.

29. To be made redundant

Meaning: to lose one’s job

Example:    The car factory has closed and 1000 employees have been made redundant.

30. Pension scheme

Meaning: a system in which you and your employer pay money regularly into a fund, to use when you retire from work

Example: One of the benefits of working for a big corporation is that such large companies usually provide a good pension scheme.

Previous Post

Collocation for IELTS: The Arts

Next Post

Collocation for IELTS: Communication and Personality

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR POSTS

Cambridge IELTS 1-19 Book Series [PDF + Audio]

Cambridge IELTS 20 Academic [Update 2025]

Cambridge IELTS 19 Academic [PDF + Audio]

200 IELTS Speaking Sample Answers [PDF + Audio]

Cambridge IELTS 18 Academic [PDF + Audio]

IELTS Recent Actual Tests [Full PDF + Audio]

IELTS Listening Practice Test 204

Cambridge IELTS 18 General Training [PDF + Audio]

IELTS Reading Practice Test 320

Cambridge IELTS 17 General Training [PDF + Audio]

About Us

9ielts logo

9IELTS is dedicated to providing free materials and resources for IELTS conquerors. Stay constantly updated with a wide range of ultimate tips, strategies, and practice tests to crack the high-stakes IELTS exam!

Recent Posts

Developed countries often give financial aid to developing countries

IELTS Reading Practice Test 169

IELTS Reading Practice Test 262

Describe a city you have visited and liked

Poor students often find it difficult to get access to the university education

Disclaimer

The information on this site is for informational purposes only. IELTS is a registered trademark of the University of Cambridge ESOL, the British Council, and IDP Education Australia. This site and its owners are not affiliated, approved or endorsed by University of Cambridge ESOL, the British Council, or IDP Education Australia.
  • About Us
  • Contact Us
  • Disclaimer
  • Terms & Conditions
  • Privacy Policy

© 2024 9IELTS. All Rights Reserved.

No Result
View All Result
  • Listening
    • IELTS Practice Tests
    • Recent Actual Tests
  • Reading
    • IELTS Practice Tests
    • Recent Actual Tests
  • Speaking
    • Speaking Part 1
    • Speaking Part 2
    • Speaking Part 3
  • Writing
    • General Training Writing Task 1
    • Academic Writing Task 1
      • Bar Chart
      • Line Graph
      • Pie Chart
      • Table
      • Map
      • Process Diagram
      • Mixed Charts
    • IELTS Writing Task 2
      • Advantages & Disadvantages Essays
      • Agree or Disagree Essays
      • Discuss Both Views Essays
      • Direct Questions Essays
      • Problems/Causes & Solutions Essays
  • Grammar
  • Vocabulary
    • Speaking Vocabulary
    • Writing Vocabulary
    • Collocations for IELTS
  • Books
  • Blog

© 2024 9IELTS. All Rights Reserved.