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TOEFL® Vocabulary Flashcard

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Business
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alliance
Can you define this word? /al-liance/ [ah0.l.ay1.ah0.n.s]
alliance star_border
/al-liance/ [ah0.l.ay1.ah0.n.s]

Definition: A union or association formed for mutual benefit, especially between countries or organizations

Example sentences:

  • There is a new openness by unions today to building alliances with community-based organizations and churches


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by-product
Can you define this word? /by-prod-uct/ [no ipa available]
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by-product star_border
/by-prod-uct/ [no ipa available]

Definition: An incidental or secondary product made in the manufacture or synthesis of something else

Example sentences:

  • Sugar cane fiber, a by-product of sugar manufacturing, can be made into paper.


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capitalism
Can you define this word? /cap-i-tal-ism/ [k.ae1.p.ih0.t.ah0.l.ih2.z.ah0.m]
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capitalism star_border
/cap-i-tal-ism/ [k.ae1.p.ih0.t.ah0.l.ih2.z.ah0.m]

Definition: An economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.

Example sentences:

  • Under capitalism all profit is ultimately the result of the exploitation of the workers


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capitalistic
Can you define this word? /cap-i-tal-is-tic/ [k.ae2.p.ih0.t.ah0.l.ih1.s.t.ih0.k]
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capitalistic star_border
/cap-i-tal-is-tic/ [k.ae2.p.ih0.t.ah0.l.ih1.s.t.ih0.k]

Definition:

Example sentences:

  • It diverts the attention from real social issues only to, in turn, accommodate vile capitalistic policies.


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export
Can you define this word? /ex-port/ [eh1.k.s.p.ao0.r.t]
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export star_border
/ex-port/ [eh1.k.s.p.ao0.r.t]

Definition: sell or transfer abroad; commodities (goods or services) sold to a foreign country

Example sentences:

  • It also said Japan as a whole was experiencing a decrease in consumer spending due to a decline in real incomes and exports.
  • The country's economy has suffered because of falling prices for its commodity exports.


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globalization
Can you define this word? /glob-al-iza-tion/ [g.l.ow2.b.ah0.l.ih0.z.ey1.sh.ah0.n]
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globalization star_border
/glob-al-iza-tion/ [g.l.ow2.b.ah0.l.ih0.z.ey1.sh.ah0.n]

Definition: The process by which businesses or other organizations develop international influence or start operating on an international scale

Example sentences:

  • Globalization is an inevitable phenomenon in human history that's been bringing the world closer through the exchange of goods and products.


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globalize
Can you define this word? /glob-al-ize/ [g.l.ow1.b.ah0.l.ay2.z]
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/glob-al-ize/ [g.l.ow1.b.ah0.l.ay2.z]

Definition: Develop or be developed so as to make possible international influence or operation:

Example sentences:

  • The moment the debate was publicized on the Internet, it was globalized.


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privatization
Can you define this word? /pri-va-ti-za-tion/ [p.r.ay1.v.ah0.t.ah0.z.ey1.sh.ah0.n]
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privatization star_border
/pri-va-ti-za-tion/ [p.r.ay1.v.ah0.t.ah0.z.ey1.sh.ah0.n]

Definition: Transfer (a business, industry, or service) from public to private ownership and control

Example sentences:

  • As elsewhere in the Pacific, Australia is pushing for economic restructuring measures that include drastic cutbacks to government spending and privatisations.
  • Another primary concern of the ANC government is the privatization of state assets


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privatize
Can you define this word? /pri-va-tize/ [p.r.ih1.v.ah0.t.ay2.z]
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/pri-va-tize/ [p.r.ih1.v.ah0.t.ay2.z]

Definition: Transfer (a business, industry, or service) from public to private ownership and control

Example sentences:

  • The postal officials reportedly supported Koso as an opponent of government plans to privatize postal services


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profitability
Can you define this word? /prof-itabil-i-ty/ [p.r.aa2.f.ih0.t.ah0.b.ih1.l.ih0.t.iy0]
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profitability star_border
/prof-itabil-i-ty/ [p.r.aa2.f.ih0.t.ah0.b.ih1.l.ih0.t.iy0]

Definition: (Of a business or activity) yielding profit or financial gain.

Example sentences:

  • That profitability may attract the attention of other potential buyers.


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strategic alliance
Can you define this word? /strate-gic al-liance/ [no ipa available]
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strategic alliance star_border
/strate-gic al-liance/ [no ipa available]

Definition: A strategic alliance is an agreement between two or more parties to pursue a set of agreed upon objectives needed while remaining independent organizations. This form of cooperation lies between Mergers & Acquisition M&A and organic growth.

Example sentences:

  • Partners may provide the strategic alliance with resources such as products, distribution channels, manufacturing capability, project funding, capital equipment, knowledge, expertise, or intellectual property. The alliance is a cooperation or collaboration which aims for a synergy where each partner hopes that the benefits from the alliance will be greater than those from individual efforts.


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streamline
Can you define this word? /stream-line/ [s.t.r.iy1.m.l.ay2.n]
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streamline star_border
/stream-line/ [s.t.r.iy1.m.l.ay2.n]

Definition: Make (an organization or system) more efficient and effective by employing faster or simpler working methods:

Example sentences:

  • We want to introduce new efficiencies and streamline the service as much as possible,’ Mr McCarthy said.
  • Internet stores have streamlined the process of finding, buying, and selling merchandise.


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Words Mastered

alliance

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by-product

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capitalism

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capitalistic

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export

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globalization

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globalize

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privatization

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privatize

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profitability

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strategic-alliance

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streamline

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