101.cost cutting £ºÏ÷¼õ³É±¾
A reactive measure taken by companies esp. in hard times, in order to save money by eliminating waste or unnecessary spending.
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Companies in the 90s have been implementing a lot of cost cutting in order to become more efficient and competitive.
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102.cost of living £ºÉú»î·ÑÓÃ
The average cost for the basic necessities of life
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Many employees expect a yearly cost of living increase in their paychecks.
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103.creeping inflation £ºÇá¶Èͨ»õÅòÕÍ
The barely noticeable but persistent increase in prices.
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Creeping inflation continues to spread throughout the economy in the 1990s.
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104.decline £ºÎ®Ëõ£¬Ï½µ
A period of reduced business activity.
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College students are not happy about the decline of job opportunities waiting for them when they graduate.
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105.deficit £º³à×Ö
A budget imbalance in which expenditures exceed income.
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Our company ran a deficit for the first three years before we started to make any profit.
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106.deflation £ºÍ¨»õ½ôËõ
A decrease in the money supply, causing a sharp fall in prices.
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Consumers are always motivated by deflation.
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107.demand £ºÐèÇó
The desire and ability of consumers to purchase goods and services.
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Marketers and advertisers are always looking for new ways to create demand for their client’s products.
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108.depression £ºÏôÌõ
A severe, extended period of decline in business activity.
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Many older Americans remember the great depression of the 1930s.
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109.deregulation £º³·Ïû¹ÜÖÆ
A gradual removal of government control over business.
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Most business and industries approve of deregulation from government control.
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110.distribution £ºÉÌÆ·Á÷ͨ
The marketing of merchandising.
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If a product doesn’t have good distribution, it won’t sell.
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111.diversification £º¾Óª¶àÑù»¯
The act of expanding business by increasing the number of goods produced or the number of services offered.
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Many fast food businesses are diversifying in an attempt to capture more customers form their competitors.
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112.dumping £ºÇãÏú
The act of selling goods below cost to other nations to eliminate surpluses or offset competition.
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The U.S. has accused Japan of dumping mini-vans here in American.
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113.economics £º¾¼Ãѧ
The study of wealth and its creation, distribution, and consumption.
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Susan is majoring in economics at Harvard.
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114.economy £º¾¼Ã
The organization of social and political institutions and business for production.
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National leaders must always worry about the state of the economy.
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115.Fortune 500 £º¡¶²Æ¸»¡·500 ¼Ò¹«Ë¾
A list of the 500 largest American corporations published annually by “Fortune” magazine.
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Who are the top 10 companies on the Fortune 500 list?
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116.franchise £º¾ÏúȨ£¬Á¬Ëøµê
A contract or license permitting a regional distributor to use the name and sell products of another company.
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Clancy is opening a new McDonald’s franchise in London.#p#·ÖÒ³±êÌâ#e#
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117.freeze £º¶³½á
The fixing of some economic factor, such as prices, employment, spending, etc.
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The government caused a price freeze at the gas pumps.
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118.full employment £º³ä·Ö¾ÍÒµ
An economic condition in which unemployment is deemed minimal and acceptable, usually under six percent.
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The condition of full employment is something that most countries rarely achieve.
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119.glamour stock £ºÈÈÃŹɯ±
A stock in a new or rapidly developing industry that tends to rise quickly in price.
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John specializes in buying glamour stock, particular in media, and entertainment companies.
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120.glas ceiling £ºÐÔ±ðÕϰ£¬²£Á§Ì컨°å
A term used to describe an invisible barrier that prevents women from entering the ranks of senior-level management.
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Many women in the 90s are protesting the glass ceiling that bars them form upper management in large corporation.
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121.global economy £ºÈ«Çò¾¼Ã Worldwide trade, travel, competition, etc. ÊÀ½ç·¶Î§ÄÚµÄóÒס¢ÂÃÓΡ¢¾ºÕùµÈ¡£
Companies in the 1990s are thinking globally in order to stay competitive in the new global economy.
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122.GNP £º¹úÃñÉú²ú×ÜÖµ
An abbr. For “gross national product.” The total annual monetary value of all goods, services, and products sold on markets of national economy.
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What was Japan’s GNP in 1987?
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123.golden parachute £º¸ß¶îÀëÖ°²¹Ìù
A substantial compensation given to top executives as a severance bonus when they are terminated from the positions in the event of a corporate merger or takeover.
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CEOs typically receive a golden parachute when their companies are seized in a hostile takeover.
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124.gray market £º»ÒÉ«Êг¡
A market in which scare goods such as computer chips are traded at above-market prices through irregular channels or by methods not illegal but usually not considered ethical.
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Our company is losing a lot of money to similar products being sold on the gray market.
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125.greenmail £ºÂÌÆ±ÆÛÕ©
The purchase, usually in secret, of a large block of a company’s stock, thereby signaling a possible takeover attempt, and ultimately forcing the company to try to thwart the attempt by buying back its stock at a much higher price.
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The ABC company found themselves a victim of greenmail when they realized they had bought back their stock at a much higher price.
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126.hardball £ºÉ̳¡ÉϵÄɱÊÖïµ£¬¶¯Õæ¸ñ
Slang for highly competitive or ruthless business practices.
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Our competitors are using tactics that indicate that they want to play hardball.
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127.hostile takeover £ºµÐÒâ½Ó¹Ü
The act of taking control of a company by buying up enough of its stock t gain a controlling interest.
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Last year the small airline company was bought up in a hostile takeover.
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128.hyperinflation £º¸ßͨÕÍ
Rapid inflation and major shortages caused by panic buying.
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The fear of sudden natural disaster caused hyperinflation to occur in certain food markets because of panic buying by the public.
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129.inflation £ºÍ¨»õÅòÕÍ
A sustained rise in the price of goods and services.#p#·ÖÒ³±êÌâ#e#
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Has the rate of inflation dropped in the last six months?
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130.junk bond £º·çÏÕծȯ£¬À¬»øÕ®È¯
A slang term for a high-risk bond that offers a high return but is considered to have a dubious backing.
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Michael Milken will always be synonymous with the term ”junk bond king.”
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131.labor-intensive £ºÀͶ¯Ãܼ¯Ð͵Ä
(adj.)A term used to describe production that uses more labor than capital.
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The parts are very labor-intensive which makes them very expensive.
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132.leveraged buyout(LBO) £º¾ÙÕ®ÊÕ¹º
A procedure by which an investor borrows money to purchase enough of a company’s assets to gain a controlling interest, using the assets of the targeted firm as collateral.
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Sometimes a smaller company will use the technique of a leveraged buyout to takeover another company.
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133.macroeconomics £ººê¹Û¾¼Ãѧ
An economic branch dealing with broad aspects of the economy, esp. factors on a national level.
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Mr. Samuels is an expert in macroeconomics.
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134.market share £ºÊг¡·Ý¶î
A percentage of total sales within a specific market by one company.
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The kelloggs company has over 50 percent of the market share for breakfast cereals
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135.mass production £º´ó¹æÄ£Éú²ú
The manufacturing of goods in large quantities using standardized parts and assembly lines.
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Mass production allows a lot of people to enjoy a particular product at a more reasonable price.
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136.microeconomics £ºÎ¢¹Û¾¼Ãѧ
The branch of economics that deals with single units of production and consumption.
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Microeconomics in the future will lead to more customization and specialization of products for consumers.
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137.mogul £ºÉÌÒµ¾ÞÍ·
Informal. A rich and powerful person in business or industry.
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We watched a television interview of an entertainment mogul who had amassed a fortune of over $ 100 million.
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138.mommy track £ºÄ¸Ç×·Ïß
A career path in which a woman declines rapid advancement in order to spend time with her family.
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Millions of women in the 1990s are choosing the mommy track over climbing the corporate ladder.
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139.monopoly £ºÂ¢¶Ï
A domination of the market by a single company.
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The breakup of monopolies creates competition, which leads to better quality and lower prices for the public.
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140.oligopoly £º¹Ñͷ¢¶Ï
A market condition in which there are few sellers, enabling them to influence price and other factors.
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The U.S. auto industry is an oligopoly, because there are only three main producers.
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141.Pac Man defense £ºÅÁ¿ËÂü·ÀÎÀ
An attempt to prevent a hostile takeover in which a targeted company bids to take over the hostile firm.
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The out-throat 1980s made strategies like Pac Man defense essential to companies who wanted to survive a hostile takeover.
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142.Paper profit £ºÖ½ÉÏÓ¯Àû
An unrealized profit due to appreciation in value of something owned but not yet sold.
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Jack’s business showed a paper profit last year simply due to the appreciation.
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143.paradigm shift £º¸Ä×é
A term by a CEO to inform his company that there will be major changes made.
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The CEO of a major computer software manufacture announced a paradigm shift to his executives today.
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144.Peter Principle £º±ËµÃÔÔò
A statement that every employee in a hierarchy tends to rise to the level of his or her incompetence.
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The term “Peter Principle” has become quite popular among the American work force.
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145.poison pill £º·´¼æ²¢ÊֶΣ¬¶¾Íè
Any of various methods devised by a company to thwart a hostile takeover attempt, such as by issuing new stock or instituting a generous package of employee benefits, which would prove costly to a potential acquirer.
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146.power lunch £ºÊÂÎñ²Í
A business lunch where food is an afterthought to intense dealmaking and negotiation.
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We’re discussing the possibilities of a company merger over a power lunch this afternoon.
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147.productivity £ºÉú²úÁ¦
A measure of ability to produce output from given input
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Productivity at the XYZ company was up slightly this month over last. XYZ ¹«Ë¾±¾ÔµÄÉú²ú±ÈÉÏÔÂÂÔÓÐÌá¸ß¡£
148.quality control £ºÖÊÁ¿¹ÜÀí
Techniques used to eliminate defective products or to improve performance standards and practices.
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No company can afford to neglect quality control if they wish to remain competitive in the new global economy.
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149.raw goods £ºÔ²ÄÁÏÉÌÆ·
Materials gathered in original state from nature for use in production.
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Knowledge and information are becoming the most valuable assets to a company while raw goods are becoming less and less valuable.
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150.recession £ºË¥ÍË
A period of no growth in the national economy for at least six months.
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A recession is characterized by a decreased demand for goods, increased unemployment, and decline in the gross national product.
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