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IBC EXAM BUNDLE DEAL
Learning curve - .....ANSWER ...✔✔ The rate at which
someone gains experience or skill in a new activity.
Leverage - .....ANSWER ...✔✔ To use something to
gain an advantage or achieve a goal. (Synonyms:
utilize, exploit, capitalize on)
Liability - .....ANSWER ...✔✔ A company's legal
responsibility for debts or actions.
Licensing - .....ANSWER ...✔✔ Permission given to use
intellectual property under set conditions.
Liveability - .....ANSWER ...✔✔ The quality of life in a
place, especially how comfortable and suitable it is to
live in.
Local idiosyncrasies - .....ANSWER ...✔✔ Unusual
features or habits specific to a local area or culture.
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Logistics - .....ANSWER ...✔✔ The planning and
coordination of moving goods or resources.
Market saturation - .....ANSWER ...✔✔ The point at
which a market cannot absorb more of a product or
service.
Market share - .....ANSWER ...✔✔ The percentage of
sales a company has compared to competitors.
Mediate - .....ANSWER ...✔✔ To help resolve a
conflict between two or more parties.
Mentoring - .....ANSWER ...✔✔ Supporting and
advising someone less experienced to help their
development.
Merger - .....ANSWER ...✔✔ The joining of two or
more companies into one.
Meticulous - .....ANSWER ...✔✔ Very careful and
precise, paying attention to small details.
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Micromanage - .....ANSWER ...✔✔ To control every
small detail of a task or employee's work.
Milestone - .....ANSWER ...✔✔ An important event or
stage in a project or process.
Mismanage - .....ANSWER ...✔✔ To handle something
badly or inefficiently.
Mismatch - .....ANSWER ...✔✔ A combination of things
or people that do not go well together.
Mission statement - .....ANSWER ...✔✔ A written
declaration of a company's core purpose and values.
To mitigate - .....ANSWER ...✔✔ To make something
less harmful, serious, or painful.
Morale - .....ANSWER ...✔✔ The overall confidence,
enthusiasm, and spirit of a group. (Synonyms: team spirit,
motivation)
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Navigate - .....ANSWER ...✔✔ To manage or deal
effectively with a difficult situation. (Synonyms: manage,
handle, steer)
Networking - .....ANSWER ...✔✔ The act of building
and maintaining professional relationships. (Synonyms:
relationship-building, connecting)
Niche - .....ANSWER ...✔✔ A specialized segment of
the market for a particular product or service.
Non-disclosure agreement (NDA) - .....ANSWER ...✔✔
A legal contract to keep shared information confidential.
Notch - .....ANSWER ...✔✔ A small step or level on a
scale of progress or quality.
Objective - .....ANSWER ...✔✔ A specific and
measurable goal to be achieved.
Offspring - .....ANSWER ...✔✔ The children or young
of a person, animal, or organization.
IBC EXAM BUNDLE DEAL
Learning curve - .....ANSWER ...✔✔ The rate at which
someone gains experience or skill in a new activity.
Leverage - .....ANSWER ...✔✔ To use something to
gain an advantage or achieve a goal. (Synonyms:
utilize, exploit, capitalize on)
Liability - .....ANSWER ...✔✔ A company's legal
responsibility for debts or actions.
Licensing - .....ANSWER ...✔✔ Permission given to use
intellectual property under set conditions.
Liveability - .....ANSWER ...✔✔ The quality of life in a
place, especially how comfortable and suitable it is to
live in.
Local idiosyncrasies - .....ANSWER ...✔✔ Unusual
features or habits specific to a local area or culture.
,2|Page
Logistics - .....ANSWER ...✔✔ The planning and
coordination of moving goods or resources.
Market saturation - .....ANSWER ...✔✔ The point at
which a market cannot absorb more of a product or
service.
Market share - .....ANSWER ...✔✔ The percentage of
sales a company has compared to competitors.
Mediate - .....ANSWER ...✔✔ To help resolve a
conflict between two or more parties.
Mentoring - .....ANSWER ...✔✔ Supporting and
advising someone less experienced to help their
development.
Merger - .....ANSWER ...✔✔ The joining of two or
more companies into one.
Meticulous - .....ANSWER ...✔✔ Very careful and
precise, paying attention to small details.
,3|Page
Micromanage - .....ANSWER ...✔✔ To control every
small detail of a task or employee's work.
Milestone - .....ANSWER ...✔✔ An important event or
stage in a project or process.
Mismanage - .....ANSWER ...✔✔ To handle something
badly or inefficiently.
Mismatch - .....ANSWER ...✔✔ A combination of things
or people that do not go well together.
Mission statement - .....ANSWER ...✔✔ A written
declaration of a company's core purpose and values.
To mitigate - .....ANSWER ...✔✔ To make something
less harmful, serious, or painful.
Morale - .....ANSWER ...✔✔ The overall confidence,
enthusiasm, and spirit of a group. (Synonyms: team spirit,
motivation)
, 4|Page
Navigate - .....ANSWER ...✔✔ To manage or deal
effectively with a difficult situation. (Synonyms: manage,
handle, steer)
Networking - .....ANSWER ...✔✔ The act of building
and maintaining professional relationships. (Synonyms:
relationship-building, connecting)
Niche - .....ANSWER ...✔✔ A specialized segment of
the market for a particular product or service.
Non-disclosure agreement (NDA) - .....ANSWER ...✔✔
A legal contract to keep shared information confidential.
Notch - .....ANSWER ...✔✔ A small step or level on a
scale of progress or quality.
Objective - .....ANSWER ...✔✔ A specific and
measurable goal to be achieved.
Offspring - .....ANSWER ...✔✔ The children or young
of a person, animal, or organization.
