Business idiom (2011-11)

bricks-and-mortar

bricks-and-mortar - a company that operates in traditional ways only, and does not operate on the Internet

brief

[bri: f] official instructions saying how a job should be done

bill of lading

a list of the goods being sent and transported by ship

cash-in-hand

a payment made with cash, i.e. notes and coins with no record of it

factory-gate price

the price at which products are sold to wholesalers

actuarial

involving calculations concerning risks which are involved in an insurance

wholesaler

a company that sells products to smaller shops

clicks-and-mortar

a company that operates both in traditional ways and by using the Internet

content provider

a website containing mostly information; a business providing the news for a website

downsize

to reduce the number of workers of a company or organization in order to make it smaller and reduce costs

after-sales service

information and service provided by a company to its customers after they have bought a product

AGM (Annual General Meeting)

a meeting of all the members of a company held every year to discuss important issues such as financial situation etc.

back office

A department of a financial institution where the work of people employed in the institution is checked. The back office workers check whether business deals have been made correctly and in a legal way.

blue-collar worker

a person that does physical or manual work

brown goods

electrical equipment used for entertainment (radios, television sets, computers)

market leader

a company that sells the biggest amount of products of a certain type or a product that is sold more often than others of its type

aggregate

total, including everything

golden hello

large amount of money paid to someone for accepting an important job (usually involving changing jobs and moving to another company)

interoffice

describing communication between different offices/departments of the same organization or company

loss leader

a product sold at a very low price to attract customers and encourage them to buy products of the same brand or in the same shop