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Exam: BEC Higher

procurement

IPA: /prəˈkjʊrəmənt/

KK: /prəˈkjʊrəmənt/

noun

Definition: The process of obtaining goods or services, often for business or government purposes.

Example: The procurement of new equipment is essential for the company's growth.

professionalism

IPA: /prəˈfɛʃənəlɪzəm/

KK: /prəˈfɛʃənlɪzəm/

noun

Definition: The quality or skill of being professional, which includes having the right knowledge, behavior, and standards in a job or profession.

Example: Her professionalism in handling difficult clients earned her a promotion.

professionalize

IPA: /prəˈfɛʃənəˌlaɪz/

KK: /prəˈfɛʃənəˌlaɪz/

transitive verb

Definition: To make something more professional or to give it the qualities of a profession.

Example: The company aims to professionalize its training programs to improve employee skills.

professionally

IPA: /prəˈfɛʃənəli/

KK: /prəˈfɛʃənəli/

adverb

Definition: In a way that is suitable for a professional or done by someone who is skilled and trained in a particular field.

Example: She handled the situation very professionally, ensuring that everyone felt respected.

profit

IPA: /ˈprɒfɪt/

KK: /ˈprɒfɪt/

intransitive verb

Definition: To earn money or benefit from an activity or investment.

Example: The company profits from its new product line.

noun

Definition: The money that is made from a business or investment after all costs are paid.

Example: The company reported a significant profit this quarter.

transitive verb

Definition: To gain a financial advantage or benefit from something.

Example: The company aims to profit from its new product line.

profitability

IPA: /ˌprɒfɪtəˈbɪlɪti/

KK: /prɒfɪtəˈbɪlɪti/

noun

Definition: The ability of a business or investment to earn more money than it spends.

Example: The company's profitability improved after they reduced their costs.

profitable

IPA: /ˈprɒfɪtəbl/

KK: /ˈprɒfɪtəbl/

adjective

Definition: Something that brings in more money than it costs, making it a good investment or beneficial.

Example: The new marketing strategy proved to be very profitable for the company.

profitableness

IPA: /ˈprɒfɪtəblnəs/

KK: /ˈprɒfɪtəblnəs/

noun

Definition: The quality of being able to make a profit or be useful; it refers to how beneficial something is in terms of financial gain or usefulness.

Example: The profitableness of the new business strategy was evident in the increased sales.

profitless

IPA: /ˈprɒfɪtˌlɛs/

KK: /ˈprɒfɪtˌlɛs/

adjective

Definition: Not producing any profit or financial gain.

Example: The investment turned out to be profitless, leaving the investors disappointed.

profitwise

IPA: /ˈprɒfɪtˌwaɪz/

KK: /ˈprɒfɪtˌwaɪz/

adverb

Definition: In relation to profit or financial gain.

Example: The company performed profitwise better than its competitors this quarter.

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