TOEFL: Advanced Business
Vocabulary Set 3 NOTES
ACCAMPANIED BY QUESTIONS AND
THEIR CORRECT ANSWERS
advantageous
(adjective) Something that creates better circumstances
for others and puts them in a better position.
antitrust
(adjective) Used to describe an action put in place in order
to stop someone from directing prices on the market in
their own favor.
backdate
(verb) To place a date on a document that is older than
the actual date of the document.
banner ad
(noun) Advertisements appearing at the top or bottom of a
page or of an app.
brand
(verb) To turn something into a brand and mark it as
someone's.
consortium
(noun) A group or association of companies or individuals
with a shared goal.
distributor
(noun) A group or individual that distributes a particular
good or service.
, divisional
(adjective) Connected to division particularly in the context
of a business or organization.
ledger
(noun) A book where things are clearly noted, usually in
regards to business and money
logistically
(adverb) In a way relating to planning and organising.
logistics
(noun) The organisation and implementation of plans.
mismanagement
(noun) An act or observed behavior of being unable to
properly organize something.
multinational
(noun) An entity that exists within multiple countries at
once, such as a company holding property across the
world.
proprietary
(adjective) Describes the property of a private individual or
corporation.
proprietary
(adjective) When a good or product sold by a company is
legally protected.
proprietary
(adjective) Protected as intellectual property; patented.
restructure
(verb) To change the organization of a business or
organization.
stocktaking
(noun) Recording the amount of goods and food stocks
owned by a company.
Vocabulary Set 3 NOTES
ACCAMPANIED BY QUESTIONS AND
THEIR CORRECT ANSWERS
advantageous
(adjective) Something that creates better circumstances
for others and puts them in a better position.
antitrust
(adjective) Used to describe an action put in place in order
to stop someone from directing prices on the market in
their own favor.
backdate
(verb) To place a date on a document that is older than
the actual date of the document.
banner ad
(noun) Advertisements appearing at the top or bottom of a
page or of an app.
brand
(verb) To turn something into a brand and mark it as
someone's.
consortium
(noun) A group or association of companies or individuals
with a shared goal.
distributor
(noun) A group or individual that distributes a particular
good or service.
, divisional
(adjective) Connected to division particularly in the context
of a business or organization.
ledger
(noun) A book where things are clearly noted, usually in
regards to business and money
logistically
(adverb) In a way relating to planning and organising.
logistics
(noun) The organisation and implementation of plans.
mismanagement
(noun) An act or observed behavior of being unable to
properly organize something.
multinational
(noun) An entity that exists within multiple countries at
once, such as a company holding property across the
world.
proprietary
(adjective) Describes the property of a private individual or
corporation.
proprietary
(adjective) When a good or product sold by a company is
legally protected.
proprietary
(adjective) Protected as intellectual property; patented.
restructure
(verb) To change the organization of a business or
organization.
stocktaking
(noun) Recording the amount of goods and food stocks
owned by a company.
