1. Read and watch business news
Improving your business vocabulary takes more than just learning new words. You need to find out how they’re used. The fastest way for an advanced learner like you to do that is to read and watch business news often.
2. Set a target to learn new words every day
You can pick up new business words all around you. Sometimes it’s as simple as talking to people or reading news sites. But don’t stop there. To learn business English vocabulary more quickly, set yourself a target to learn as many new words as you can every day.
One popular study option many learners like is to use flashcards or flashcards apps. You can go online to find existing sets of business vocabulary flashcards or templates to make your own flashcards. Even learning four or five new words a day can make a big difference over time!
3. Use the words you’ve learned
Learning new vocabulary is a good thing. But what’s more important is learning how and where to use these words. To do that, you need to actually use these words in your daily work. Apply them to different situations and contexts until you’re comfortable using them.
OK, let’s move on now to the 25 advanced business English words I have for you today. Many of these words have general meanings, but in this post, I’ll only be discussing them in the business context. Are you ready to get started?
25 Advanced Business English Words You Need in Your Vocabulary Right Now
The verb to organize means to arrange something in an orderly way (such as reports or products) or to plan for a certain function (such as business meetings or events).
Our sales and marketing team will organize the upcoming Annual Sales Convention in Las Vegas.
The noun guidance comes from the verb to guide, which means to direct or lead the way. Therefore, guidance refers to the act of giving direction or help.
Martha, our manager, tells us we can go to her for guidance any time.
The verb to expand means to increase the size or amount of something. In business, we often talk about expanding a department or a business.
I hear that your company plans to expand to Europe and China next year.
In business law, the noun clause refers to a statement or term in the contract.
Our legal team has raised some questions about a couple of clauses in the contract.
5. Null and void
The phrase null and void refers to a contract or clause that’s invalid, non-binding or which has no legal force.
Our lease will become null and void in 30 days if we don’t renew it now.
The noun competitor refers to another business that is trying to perform better than your business and others in the same market. You can also refer to all of your competitors as the competition.
Management is concerned about the number of new competitors entering the market this year.
The noun invoice refers to an itemized bill showing the list of goods sold or services provided, their prices and the total amount to be paid.
Don’t forget that we need to pay within 45 days of receiving the invoice.
8. Counter offer
A counter offer is an offer you make in response to an offer made by another party. If you’re unhappy with an offer someone has made to you, you may make a counter offer.
John offered to sell me his used car for $15,000. It’s a nice car but that’s a little too expensive. So I’m going to make him a counter offer.
The noun trademark refers to an officially registered name, symbol or logo used to represent a product or firm. Trademark can also be used as a patent, but not quite the same.
One of the most famous trademarks in the world today is the “Golden Arches,” the symbol of McDonald’s.
The noun consensus refers to an idea or opinion that’s been agreed on by everyone.
After a four-hour meeting, the committee still couldn’t come to a consensus, so they’ll be meeting again next week.
11. Public relations
Public relations refers to the activities used to promote and create a good public image of your company so that people will view it in a positive way. It’s also common to use the abbreviation PR.
I feel that sponsoring the Fitness For All program will be an excellent public relations move.
The noun agenda refers to a list of things to be discussed or done at a meeting or business event.
Are you sure we can cover everything on today’s agenda in 2 hours?
13. Visual aids
Visual aids are things like charts, pictures, maps, etc. that make it easier for your audience to understand something. You commonly use visual aids if you’re giving a presentation or when you’re in a meeting.
Your visual aids really helped me get a better picture of this complex construction project.
14. After-sales service
After-sales service refers to the service, such as maintenance and repairs, that you continue to provide after your customer buys your product or service.
Our company’s after-sales service is considered one of the best in the electronics market.
The noun strategy in business refers to a plan that’s been carefully put together to achieve a certain goal.
Our corporate department is developing a strategy to place our company at the top of the tourism industry.
The noun estimate refers to a general idea about the value, size or cost of something based on a rough calculation. Estimate can also be used as a verb, but the pronunciation is a bit different.
The finance team is requesting estimates from several information technology companies to get an idea of the project cost.
The noun equipment is used to talk about a set of tools or devices you need for a special purpose. For instance, office equipment may include photocopiers, cabinets, etc.
My manager thinks we should sell off the unused office equipment to create more space.
The noun branch refers to the local office or shop of a company.
Our bank will be opening many new branches in smaller cities next year.
19. Dress code
The phrase dress code refers to a set of company rules about what clothing may and may not be worn at work.
By the way, if you want to do business internationally, it’s definitely a good idea to do some research about the dress codes (both for business and informal situations) for the country you’ll be working in. It may be very formal or strict compared to your home country—and some rules may surprise you!
It’s also a good idea to check out some pictures to see what business dresses look like in Englisg-speaking countries, as well as clothing tips for all kinds of situations in countries all over the world.
Our company has a strict dress code that requires all customer service staff to wear a suit.
The verb to guarantee means to make an assurance, usually in written form, of the quality of your product or service. The noun guarantee refers to the assurance itself. If the guarantee also involves a physical document, that document is often called a warranty.
Don’t worry, all our products come with a guarantee against major defects.
21. Market research
The phrase market research refers to the research you do to collect information about what your customers need or prefer in a certain product or service.
New market research shows that food manufacturing is one of our country’s top income earners.
The noun authorization comes from the verb to authorize, which means to give someone the legal or official approval to do something. Authorization refers to the approval itself.
A manager’s authorization is required for refunds over $500.
The noun penalty refers to an official punishment, usually through a fine or other payment, for breaking a contract.
If you don’t pay your suppliers on time, there will be a penalty of 15%.
The noun headquarters refers to the head office where a company is controlled or managed from. It can be used with a singular or plural verb.
Apple’s new headquuarters in Silicon Valley cost around $5 billion to build!
The noun commercial refers to a paid advertisement on radio or TV.
Our marketing department has a brilliant idea for our next Super Bowl commercial.
Remember, if you want to master this advanced business English vocabulary, you need to practice using the words in your daily work.
Apply the tips I mentioned and you’ll soon be adding even more new advanced vocabulary to what you’ve just learned here.
Keep up your good work!