Exam: TOEIC

Definition: A term used to describe something that is lower than the standard or typical level in a specific market context.

Example: The company offered submarket prices to attract more customers.

Definition: A specific part of a larger market that focuses on a particular group of customers or products.

Example: The company decided to target a submarket of eco-friendly products to attract environmentally conscious consumers.

Definition: To allow oneself to be controlled or influenced by someone or something else.

Example: After much consideration, she decided to submit to the rules of the competition.

Definition: To present something for someone else to consider or decide about, often in a formal way.

Example: Please submit your application by the end of the month.

Definition: The action of presenting something for consideration or approval.

Example: The contractor's submittal was reviewed by the architect before the project could proceed.

Definition: The process of optimizing a smaller part of a larger system or organization, often at the expense of the overall efficiency or effectiveness.

Example: The company's focus on suboptimization led to improvements in individual departments, but overall performance suffered.

Definition: Referring to loans or interest rates that are lower quality or higher risk, often given to borrowers with poor credit histories.

Example: Many banks offer subprime loans to individuals who may not qualify for traditional financing.

Definition: A type of loan that is offered to borrowers with lower credit ratings, often at higher interest rates due to the increased risk of default.

Example: Many people were unable to qualify for a prime mortgage and had to settle for a subprime loan instead.

Definition: A product that is made during the process of creating something else, often considered secondary or less important than the main product.

Example: The factory produces several subproducts that can be sold separately.

Definition: A smaller project that is part of a larger project.

Example: The team is working on a subproject to improve the software's user interface.

Definition: To agree to receive something regularly, like a magazine or service, usually by paying for it.

Example: I decided to subscribe to the monthly magazine about cooking.

Definition: To agree to receive something regularly, such as a publication or service, usually by paying for it.

Example: I decided to subscribe to the magazine for a year.

Definition: A person who pays to receive a service or publication regularly, such as a magazine or online content.

Example: She is a subscriber to several online news services.

Definition: A payment made to receive a service or product regularly, like a magazine or online content.

Example: I renewed my subscription to the streaming service for another year.