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268
commission n [C,U] an amount of money paid to
someone according to the value of goods, services, in-
vestments etc they have sold
commitment n [C,U] a promise to do something or
to behave in a particular way
compatible adj
1) [technical] compatible machines, methods, ideas
etc can exist together or be used together without causing
problems
2) two people that are compatible are able to have a
good relationship
compensate v [I,T] to pay someone money because
they have suffered injury, loss, or damage
compensation n [U]
1) an amount paid to someone because they have
been hurt or harmed in some way
2) the total of pay and benefits for an employee, es-
pecially a high-level manager
competitive advantage n [C] something that helps
you to be better or more successful than others
complementary adj sold or used together with other
products
concept n [C] an idea for a product, business etc
consortium n plural consortiums or consortia [C] a
combination of several companies working together for a
particular purpose, for example in order to buy something
or build something
consumer behaviour BrE consumer behavior AmE
n [U] how, why, where, and when consumers buy things,
and the study of this
consumption n [U] the amount of goods, services,
energy, or natural materials used in a particular period of
time
contingency n [C] an event or situation that might
happen in the future, especially one that might cause
problems
controlling interest n [C,U] the situation where one
shareholder owns enough shares to control a company
controlling shareholder also majority shareholder
n [C] someone who owns more than half the shares in a
company
core adj core business/activity/product the busi-
ness, activity etc that makes most money for a company
and that is considered to be its most important and central
one
corrupt
1
adj using power in a dishonest or illegal
way in order to get money or an advantage of some kind
corrupt
2
v [T] to encourage someone to behave in
an immoral or dishonest way – corrupted adj, corrupti-
ble adj,
corruptibility n [U]
corruption n [U]
1) the crime of giving or receiving money, gifts, a
better job etc in exchange for doing something dishonest
or illegal that helps another person or company
2) when someone who has power or authority uses it in a
dishonest or illegal way to get money or an advantage
counterfeit
1
adj made to look exactly like some-
thing else, usually illegally
counterfeit
2
v [T] to copy something so that it looks
like something else, usually illegally – counterfeiter n [C]
crash
1
n [C]
1) a time when many investments lose their value
very quickly, usually when investors lose confidence in
the market and sell
2) an occasion when a computer or computer soft-
ware suddenly and unexpectedly stops working or fails to
work properly
crash
2
v
1) [I] if stockmarkets, shares etc crash, they sud-
denly lose a lot of value
2) [I,T] if a computer crashes, or if you crash a com-
puter, it suddenly and unexpectedly stops working
crisis n plural crises [C,U]
1) a period or moment of great difficulty, danger, or
uncertainty, especially in politics or economics
2) a time when a personal problem or situation has
reached its worst point
culture n [C,U]
1) the ideas, beliefs, and customs that are shared and
accepted by people in a society
2) the attitudes or beliefs that are shared by a par-
ticular group of people or in a particular organization
customize also -ise BrE v [T] if something is cus-
tomized, it is designed or built especially for a customer,
making it different from other things of its kind
customs n [U] the government department responsi-
ble for collecting the tax on goods that have been brought
into the country and making sure that illegal goods are not
imported or exported
deceit n [C,U] when someone tries to gain an advan-
tage for themselves by tricking someone, for example by
making a false statement
deceive v [T] to make someone believe something
that is not true in order to get what you want
decline v [I]
1) if an industry or country declines, it becomes less
profitable, productive, wealthy etc
2) if sales, output, production etc decline, they be-
come less decline n [C,U]
defect n [C] a fault or the lack of something that
means that a product etc is not perfect – defective adj,
defectively adv
delegate v [I,T] to give part of your work or power
to someone else, usually someone in a lower position than
you
demand n [U]
1) spending on goods and services by companies and
people in a particular economy
2) the total amount of a type of goods or services
that people or companies buy in a particular period the
total amount of a type of goods or services that people or
companies would buy if they were available
demerge v [I,T] if a company or unit demerges from
a group, or if it is demerged, it becomes a separate com-
pany – demerger n [C]
deregulate v [T] if a government deregulates a par-
ticular business activity, it allows companies to operate
more freely so as to increase competition – deregulation
n [U]
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