Business and Commercial Knowledge

COMMON BUSINESS TERMINOLOGIES

After studying this chapter, you will be able to:

1. Familiarise yourself with the growing lexicon (the vocabulary) of Business & Commercial Knowledge.

2. Define the terms used in the areas of Finance, Stock & Commodity Markets, Marketing, Banking and Others.

3. Relate better with the terms used in business/ economic newspapers and magazines.

4. Use the BCK terms in your academic/ professional conversations and communications.

INTRODUCTION

The domains of Business and Commercial Knowledge (BCK) are ever expanding and evolving and BCK draws its vocabulary from various disciplines. In the first chapter, we spelt the strategies for keeping oneself updated with the BCK. In the preceding chapters, we have drawn on BCK lexicon for elaborating various concepts. In this summing up chapter, we profile the terms used in those chapters and many more in the BCK lexicon. The format of the chapter is more of a glossary/BCK Dictionary. However, we learn better when we contextualise these terms and use these in our conversations and communications. Thus, we encourage you to read more, think much and write and speak these terms for better comprehension of the world of business. This will help you in future.

CONTENTS

1. Business Many Facets of the Same Reality

2. Finance Stock and Commodity Market Terminology

3. Marketing Terminology

4. Competitors

5. Banking Terminology

6. Other Business Terminology