Exam: BEC Vantage

Definition: The planning and organization of the movement and supply of goods, services, and people.

Example: The company specializes in logistics to ensure timely delivery of products.

Definition: A type of poker game where the player with the lowest hand wins, or a specific type of drink served in a short glass with ice or water.

Example: In lowball poker, the goal is to have the lowest hand possible to win the pot.

Definition: To offer a price or estimate that is lower than what is reasonable or expected, often to mislead someone about the true cost.

Example: The contractor decided to lowball his bid to win the project, knowing he would raise the price later.

Definition: In a way that produces a lot of money or profit.

Example: She invested in the business lucratively, earning a significant return on her investment.

Definition: A person who is skilled in using machines, especially in making, operating, or repairing them.

Example: The machinist carefully adjusted the settings on the lathe to ensure precision.

Definition: A type of publication that combines features of a magazine and a catalog, often used for marketing purposes.

Example: The company released a new magalog showcasing their latest products.

Definition: A space in a building where letters and packages are received, sorted, and sent out for a business or organization.

Example: The mailroom is busy every morning as employees sort through the incoming packages.

Definition: A type of advertising that is sent in large quantities through the mail to promote a product or service.

Example: The company decided to send out a mailshot to reach more potential customers.

Definition: To send a large number of advertisements or promotional materials to people through the mail.

Example: The company decided to mailshot their new product to potential customers.

Definition: To keep something in good condition or to continue to have it; to support or affirm a statement or position.

Example: It is important to maintain a healthy lifestyle for overall well-being.

Definition: A person or thing that keeps something in good condition or ensures it continues to function properly.

Example: The maintainer checked all the equipment to ensure it was working correctly.

Definition: The work or process of keeping something in good condition or working order, often involving repairs and regular checks.

Example: Regular maintenance of the car is essential to ensure it runs smoothly.