Exam: BEC Higher

Definition: A person who is hired to fight in a war for money rather than for loyalty to a country or cause.

Example: The merc fought bravely, but his loyalty was only to the highest bidder.

Definition: The process of promoting and selling products, which includes planning how to display and advertise them to attract customers.

Example: The merchandising team created an attractive display to boost sales during the holiday season.

Definition: The activity of promoting and selling products, often through displays and marketing strategies.

Example: The store's effective merchandizing attracted many customers during the holiday season.

Definition: The act of promoting and selling products, often in a retail setting, to attract customers and increase sales.

Example: The store is focusing on effective merchandizing to boost its sales this holiday season.

Definition: The quality or condition of being fit for sale or suitable for the market.

Example: The merchantability of the goods was questioned due to their poor condition.

Definition: Suitable for trade or sale, meaning it meets the necessary quality standards for being sold in the market.

Example: The goods were deemed merchantable and ready for sale at the market.

Definition: A combination of two or more companies or organizations into one, often to improve efficiency or increase market share.

Example: The merger between the two tech companies created a powerful new entity in the industry.

Definition: A very small loan given to help someone start or grow a business, especially in poorer countries.

Example: She received a microloan to start her own bakery.

Definition: To control or oversee every small detail of a task or project, often in a way that is overly involved or intrusive.

Example: The manager tends to micromanage her team, checking every detail of their work.

Definition: Micromanagement is a style of management where a manager closely observes and controls the work of their employees, often paying too much attention to small details and not allowing them to make decisions on their own.

Example: The team's productivity suffered due to the micromanagement of their supervisor, who wanted to oversee every small task.

Definition: A tax rate applied to property, calculated in mills for every dollar of the property's value.

Example: The millage rate for our area has increased this year, affecting our property taxes.