Essential Words to Enhance English for Business Communication in Switzerland

As we all know English has become an integral part of the corporate world in the past few years. Now, there are hardly any business who doesn’t consider English in their meetings and internal communication. Regardless of business type and size, it is important to have the knowledge of business English in today’s era to deal in the business world. Considering that the world is interconnected and multinational organizations are growing day by day, the importance of learning business English is becoming more crucial than ever.

Taking the time and putting effort into learning business English online in Switzerland can have an incredible impact on your career growth and professional life. To gain fluency in business English, it is important to have a strong grip on business English vocabulary. It is indeed true that business English is slightly more difficult than regular English and its vocabulary also varies. Business English vocabulary helps to communicate your ideas and message in a formal and professional tone. That’s why, it is crucial to know about some basic business words and their meaning to facilitate your learning process.

If you want to enrich your business English vocabulary with some essential words, you are at the right place. We have listed some essential words with their meaning which can facilitate your learning journey without any worries. Let’s have a look and learn them!

Business Plan

The most common word you have come across while learning English for business communication in Switzerland or having an internal team discussion is the business plan. It is a professional document that outlines the business success plan, marketing trends, target audience, financial plan, and solution to potential challenges. It is widely used while developing a business or launching a new product or service.

Balance Sheet

Widely used in the corporate world as well as in financial departments, the balance sheet is another term you should learn to enhance your business English vocabulary. It lists the value of an organization’s assets, liabilities, and ownership equity. We can say that the balance sheet is used to compare the profit and loss of the organization in a particular year.

Unique Selling Proposition

Unique Selling Proposition or we can say USP is the most important business-related term that every business English online course in Switzerland will tell you. It is the feature or tagline of a business that differentiates it from its competitors. It is important to define USP to capture the target audience and convert quality leads.

Turnover

Turnover is a term used to define the rate at which employees leave and join the company. If you are a beginner business English learner, it is essential for you to understand that a business with a high turnover rate can’t retain its employees for a longer period. On the other hand, a low turnover rate signifies the high retention of employees and increased productivity.

Stakeholder

Another crucial term to consider to learn business English online in Switzerland is Stakeholder. A stakeholder is an entity that shows interest in a company, business goal, or even project. It involves employees, shareholders, business partners, owners, clients, and vendors. These are the individuals who face equal consequences if the company succeeds or fails.

Shareholder

A shareholder is an individual that possesses one or more shares of an organization. They basically show financial interest in the company. However, they are not responsible for the debts of the organization and majorly focus on profits. Please note that a shareholder is always a stakeholder but not every stakeholder is not necessarily a shareholder.

We have mentioned some basic business terms that you can use in your regular corporate communication. But it is not just restricted to that. There are several things you need to consider while using these terms in the sentences. If you want to know more about their uses and learn advanced business English vocabulary, the online classes of Markus Dietz are the perfect solution for you.