Vocabulary · 36 words
TOEIC Vocabulary: Corporate development (36 Words with Examples)
Texts about corporate development include press releases, news articles about companies, and announcements from senior managers. Expect words about growth, plans and competition.
Free extract from the Noto Tracks TOEIC course
| Word | Part of speech | Meaning | Example |
|---|---|---|---|
| acquisition | noun | the purchase of one company by another | The acquisition of Harlow Paints was completed in May. |
| merger | noun | two companies joining to become one | The merger created the region's largest grocery chain. |
| expand | verb | to grow bigger; to add locations or products | Pinewood Cafés will expand into three new cities. |
| subsidiary | noun | a company owned by a larger company | Our Canadian subsidiary handles all northern sales. |
| stakeholder | noun | a person or group affected by a company's decisions | The plan was shared with all stakeholders, including suppliers. |
| strategy | noun | a long-term plan to reach a goal | The board approved a new pricing strategy. |
| objective | noun | a goal | Our main objective this year is to reduce costs. |
| projection | noun | an estimate of future numbers | Sales projections for the spring look strong. |
| headquarters | noun | a company's main office | The headquarters will move to Riverside next year. |
| competitor | noun | a company selling similar products | Our prices are lower than our main competitor's. |
| market share | noun phrase | a company's part of total sales in a market | Vello Phones gained market share in Asia. |
| restructure | verb | to change how a company is organized | The firm restructured its sales teams by region. |
| venture | noun | a new business activity with some risk | The joint venture will build solar farms. |
| forecast | noun / verb | (to make) a prediction | Analysts forecast steady growth for the industry. |
| found / establish | verb | to start an organization | Ms. Okoye founded the company in 2009. |
| takeover | noun | the act of gaining control of another company | The board rejected the takeover offer because it undervalued the company's growing software division. |
| merge | verb | to combine two companies into one | The two regional banks plan to merge next spring to serve customers nationwide. |
| franchise | noun | a right to sell a company's products under its name | Ms. Ortega opened her third coffee franchise in the downtown business district last month. |
| entrepreneur | noun | a person who starts and runs a business | The young entrepreneur pitched her delivery app to a panel of local investors. |
| founder | noun | the person who started an organization | The company's founder will speak about its early years at the anniversary dinner. |
| downsize | verb | to make a company smaller, often by cutting staff | Larkfield Media decided to downsize its print division and invest in online content. |
| stockholder | noun | a person who owns shares in a company | Every stockholder will receive a copy of the annual report before the general meeting. |
| patent | noun | the legal right to be an invention's only maker | Our engineers applied for a patent on the new energy-saving cooling system. |
| trademark | noun | a legally protected name or symbol of a company | The firm registered its logo as a trademark before launching the product overseas. |
| invention | noun | something newly created or designed | The research team presented its latest invention, a folding solar charger, to management. |
| innovative | adjective | new and original | Brightway Foods is known for its innovative approach to packaging and recycling. |
| strategic | adjective | part of a long-term plan to reach a goal | Opening a branch in Singapore was a strategic decision to reach Asian markets. |
| streamline | verb | to make a process simpler and more efficient | The new director wants to streamline the approval process for small projects. |
| worldwide | adjective / adverb | in or across the whole world | The company now employs more than three thousand people worldwide. |
| nationwide | adjective / adverb | across the whole country | After a successful trial in two cities, the service will be launched nationwide. |
| outlook | noun | the expected future situation | Analysts described the outlook for the electronics sector as positive for next year. |
| revolutionize | verb | to change something completely and dramatically | Its founders believe online booking will revolutionize the way clinics schedule patients. |
| broaden | verb | to make wider or more varied | We hope to broaden our customer base by offering a lower-priced product line. |
| ambitious | adjective | having big goals that are hard to reach | The CEO announced an ambitious plan to double sales within five years. |
| questionnaire | noun | a set of written questions used for research | Customers who complete the questionnaire will receive a discount on their next purchase. |
| respondent | noun | a person who answers a survey | Most respondents said they would pay more for faster delivery. |
Collocations: announce a merger · enter a new market · gain (or lose) market share · set long-term objectives · exceed projections.
Heard: "We're going to open branches in Lisbon and Porto next spring."
Answer: "The company plans to expand its operations." — open branches becomes expand its operations; the city names disappear.
Extra words from the TOEIC Service List (TSL 1.2) by Browne, Culligan & Phillips, newgeneralservicelist.com. Meanings and example sentences by Noto. This word list is shared under CC BY-SA 4.0.
Other vocabulary topics
- Dining out36
- Entertainment36
- Finance and budgeting38
- General business: contracts, negotiations, marketing, sales, warranties, conferences40
- Health36
- Housing and corporate property37
- Manufacturing36
- Offices36
- Personnel38
- Purchasing: ordering, shipping, invoices37
- Technical areas37
- Travel37
- Confusable words
- Word families
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