Vocabulary · 40 words
TOEIC Vocabulary: General business: contracts, negotiations, marketing, sales, warranties, conferences (40 Words with Examples)
This is the largest topic on the test. It appears in every part, from short questions in Part 2 to multiple-passage sets in Part 7.
Free extract from the Noto Tracks TOEIC course
| Word | Part of speech | Meaning | Example |
|---|---|---|---|
| contract | noun | a legal written agreement | The cleaning contract ends in December. |
| terms | plural noun | the conditions of an agreement | Please read the payment terms carefully. |
| negotiate | verb | to discuss in order to reach an agreement | We negotiated a lower price for bulk orders. |
| compromise | noun / verb | an agreement in which each side gives up something | Both sides accepted a compromise on delivery dates. |
| proposal | noun | a formal plan or offer | Three firms submitted proposals for the project. |
| client | noun | a customer of a professional service | Ms. Ruiz meets new clients on Mondays. |
| campaign | noun | a planned series of advertising activities | The spring campaign targets young professionals. |
| promote | verb | to advertise; to help sell | We will promote the app on social media. |
| sales representative | noun phrase | an employee who sells to customers | A sales representative will call you this week. |
| warranty | noun | a written promise to repair or replace a product | The printer has a two-year warranty. |
| valid | adjective | officially acceptable; still usable | This coupon is valid until March 31. |
| expire | verb | to stop being valid | Your membership expires next month. |
| conference | noun | a large meeting with talks on one subject | The retail conference takes place in Denver. |
| registration | noun | the act of signing up officially | Registration closes on Friday at noon. |
| keynote speaker | noun phrase | the main speaker at an event | Dr. Ama Mensah will be the keynote speaker. |
| attendee | noun | a person who attends an event | Each attendee receives a name badge. |
| brochure | noun | a small printed booklet with information | I've enclosed a brochure about our services. |
| launch | noun / verb | (to) introduce a new product | The launch event will be streamed online. |
| seminar | noun | a meeting for training or discussion on a topic | All sales staff are invited to a seminar on negotiation skills next Thursday. |
| workshop | noun | a session where people learn by practicing | The marketing workshop will teach participants how to write effective product descriptions. |
| presenter | noun | a person who gives a talk at an event | Each presenter at the conference will have twenty minutes to speak. |
| forum | noun | a meeting where people discuss an issue | The trade association holds an annual forum for small business owners. |
| booth | noun | a small stand at a trade show | Visit our booth at the trade fair to try the new tablet model. |
| consent | noun | permission or agreement | The contract cannot be transferred to another party without written consent. |
| attorney | noun | a lawyer | Our attorney will review the contract before both parties sign it. |
| comply | verb | to follow a rule or agreement | All suppliers must comply with the safety standards stated in the agreement. |
| violation | noun | an act of breaking a rule or agreement | Late delivery of the goods would be a violation of the contract terms. |
| terminate | verb | to end something officially | Either party may terminate the agreement with sixty days' written notice. |
| waive | verb | to choose not to apply a rule or fee | The dealer agreed to waive the installation fee to close the sale. |
| exclusive | adjective | limited to one person or company | Harbor Imports signed an exclusive deal to distribute the wines in Canada. |
| publicity | noun | public attention from the media | The charity event generated a lot of positive publicity for the company. |
| promotional | adjective | used to advertise a product or service | Promotional prices are valid only until the end of the month. |
| advertiser | noun | a company that pays to advertise | The magazine lost several major advertisers after its readership declined. |
| flyer | noun | a printed sheet advertising something | We handed out flyers about the grand opening sale at the train station. |
| logo | noun | a symbol that represents a company | The designer presented three versions of the new logo to the marketing director. |
| newsletter | noun | a regular report sent to customers or members | Sign up for our monthly newsletter to hear about special offers first. |
| salesperson | noun | a person whose job is to sell things | The top salesperson of the year will receive a bonus and an extra day off. |
| retailer | noun | a business that sells goods to the public | The manufacturer sells its shoes through several large retailers across Europe. |
| bargain | noun | something bought for less than its usual price | At half the regular price, the office chairs were a real bargain. |
| introductory | adjective | offered for a short time to new customers | New subscribers get an introductory rate of $9 per month for the first year. |
Collocations: sign (or renew) a contract · reach an agreement · run an advertising campaign · extend a warranty · register for a conference.
Heard: "If the blender breaks in the first year, we'll replace it for free."
Answer: "The product comes with a warranty." — the promise to replace is the definition of a warranty; blender becomes product.
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.
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