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Consultant: A person who provides expert advice to a company.
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Crisis: A situation of danger or difficulty.
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Innovation: A new idea or method.
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Objective: Something you plan to do or achieve.
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Promotion: When someone is raised to a higher or more important position.
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Public sector: The section of the economy under government control.
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Strategy: A plan for achieving success.
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Subordinate: A person with a less important position in an organization.
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Allocate resources: To distribute funds, people, or equipment to specific projects.
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Make decisions: To choose a course of action from several possibilities.
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Supervise subordinates: To watch over and direct the work of lower
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Labour relations: Interactions between employers and employees.
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Job security: Knowing that there is little risk of losing one's employment.
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Wages: Money paid (per hour, day, or week) to manual workers.
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Incentives: Things that encourage people to do something.
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Job rotation: Regularly switching between different tasks.
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Corporate culture: A company's shared attitudes, beliefs, and practices.
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Current account: A bank account that you can take money out of at any time.
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Mortgage: A loan to buy property (house or flat).
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Overdraft: The possibility to spend more than you have in your account.
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Commercial banks: Banks that receive deposits and make loans.
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Default: Failure to repay a loan or meet financial obligations.
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Credit rating: An estimate of a person's ability to pay back money.
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Write off: To cancel a debt that will never be paid.
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Market leader: The company with the largest market share.
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Market share: The percentage of total sales held by a company.
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Unique Selling Proposition (USP): A feature that makes a product different.
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Niche: A small, specialized area of the market.
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Entrepreneur: A person who starts a business, often taking risks.
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Headhunter: A recruiter who finds experts for important jobs.
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Patent: Legal protection for an invention.
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Set objectives: To establish what needs to be achieved.
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Raise capital: To get money from investors or by issuing shares.
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Issue shares: To offer parts of ownership in a company for sale.
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