Exam: BEC Vantage

Definition: The activity of buying and selling goods and services, especially on a large scale between different places or countries.

Example: The growth of e-commerce has changed the way people shop.

Definition: Related to business or trade, especially in terms of making money or selling goods and services.

Example: The company launched a new commercial product aimed at young consumers.

Definition: A paid advertisement that is shown on television or heard on the radio to promote a product or service.

Example: I saw a funny commercial for a new snack during the game.

Definition: To make something available for sale or to promote it for profit.

Example: The company plans to commercialise its new technology next year.

Definition: To turn something into a product or service that can be sold for profit.

Example: The company plans to commercialize its new technology next year.

Definition: In a way that relates to business or trade.

Example: The product was marketed commercially to reach a wider audience.

Definition: A group of people or an official document that gives authority to do something, or a fee paid for services.

Example: The artist received a commission to create a mural for the city hall.

Definition: To officially order or authorize someone to create something or to perform a task.

Example: The artist was commissioned to create a mural for the community center.

Definition: A person in a uniform who assists or serves others, often found in places like hotels or theaters.

Example: The commissionaire greeted the guests at the entrance of the hotel.

Definition: Describing something that has been created or produced specifically for a particular purpose or request.

Example: The commissioned painting was displayed in the gallery for everyone to admire.

Definition: To have officially assigned someone to do a task or create something, often in a formal or professional context.

Example: The artist was commissioned to create a mural for the new community center.

Definition: Changed into a product that is widely available and not unique, often leading to lower prices and less differentiation.

Example: Many products have become commoditized, making it hard for companies to stand out in the market.

Definition: To make a product or service widely available and interchangeable with others, often reducing its uniqueness or value.

Example: Many companies have commoditized their products to compete in the market.

Definition: A business or organization that provides goods or services, or a group of people who are together for a specific purpose.

Example: She works for a technology company that develops software.

Definition: To go along with someone or something, often to provide support or companionship.

Example: She decided to company him on his journey to the mountains.