20+ Business Vocabulary for IELTS Exam and Usage

The Business Vocabulary for IELTS is one of the major parts of the IELTS Speaking and Writing sections. The IELTS test is conducted to check the candidate’s English language proficiency and is divided into the following sections; Reading, Writing, Speaking and Listening. Improving vocabulary is important for scoring parts of this entire exam. 

To score a better band on the IELTS test, candidates must horn their vocabulary skills and have a proper understanding of the business language, its related words, their meanings and their uses in sentences. Candidates will be required to form sentences which must include words related to the term; Business. In this article, we will be discussing some of the most important Business vocabulary for IELTS.

Also Read – Powerful IELTS Advanced Vocabulary Words

Business Vocabulary for IELTS

One of the major parts of the IELTS test is Vocabulary, where different types of words are given. Candidates are required to form sentences and explain their meanings. This section often consists of Business Vocabulary, where words related to the business are provided. Candidates must have a strong hold over the meaning of words and how to use them appropriately in sentences. The table below highlights some of the most popular Business Vocabulary IELTS.

Business Vocabulary	Use in Sentence
B2B (Business-to-business)	B2B sales are at an all-time high due to the rising demand for products.
B2C (Business-to-consumer)	B2C sales are increasing day by day because of the advertisements businesses post on social media.
Brand	A lot of brands are working in collaboration with popular figures like actors and politicians.
Strategy	We need a marketing strategy to increase our profits
Entrepreneur	You must read books and magazines to become a successful entrepreneur.
Revenue	The economic surveys have proven that in the next 5 years, the government’s revenue will increase 2 times.
Economy	India has the 3rd largest economy in terms of GDP, after USA and China.
Profit	Businesses are developed for the primary purpose of making profits.
Investment	Education is one of the best investments.
Market	You will find every necessary item in the city’s central market.
Marketing	His company is developing a marketing department, which will be responsible for making their business popular among the masses.
Sales	The job in the sales department is very hectic as it is target based.
Supply	The basics of Economics tell you what supply and demand are and how it works.
Competition	There is tough competition among MNCs for establishing their hegemony in the travel business
Budget	The Finance Minister has released the Financial Budget for 2023.
E-commerce	Amazon is one of the most popular E-commerce websites.
Logistics	The logistics and communication departments are facing technical issues.
Outsourcing	Her company has cut costs by outsourcing some of their functions
Human Resources	A decade ago, issues like human resources were centrally managed
Cashflow	A successful businessman must learn how to maintain a steady cash flow
Consumer	Not every consumer is satisfied with shopping online

Phrases Related to Business Vocabulary IELTS

The IELTS Vocabulary often contains idioms and phrases, in which you are required to explain their meanings and uses in sentences. This section often includes Business idioms and phrases. While attending this section, candidates must have a proper understanding of the Business Idioms and Phrases and how to use them appropriately in sentences. The table below highlights some of the most frequently asked phrases in Business Vocabulary IELTS.

Business Phrases	Use in Sentence
At the end of the day	At the end of the day, we are required to submit our report to the team leader.
Win-win situation	We are here to negotiate with you so that it can be a win-win situation for both of us.
In the black	All thanks to our cost-cutting measures, we are in the black again.
Touch base	We must touch base with them to make some handsome profit
On the same page	The senior manager wants all the employees to be on the same page before the month ends.
Think outside the box	The appraisal month will be coming soon, so we need to think outside the box and work on some creative ideas.
Going forward	This much of the profit will be completely unsustainable going forward.
Game plan	We are required to submit our report to the team leader.
Cutting-edge technology	AI is a cutting-edge technology
Brainstorming session	Their department conducts a brainstorming session once a month so that the employees can come up with some creative ideas

Also Read: List of 20+ Work Vocabulary IELTS

What is IELTS Exam?

The International English Language Testing System, popularly known as the IELTS test, is one of the English proficiency tests, where candidates’ English language skills and knowledge are tested by providing a wide range of questions and tasks. Candidates are given scores out of 10, where the average score must be around 6.5 to 7 bands.

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