Top 18 Vocabularies & Collocations: BUSINESS IELTS Writing Task 2 - IELTS Practice Online (Band 9)

No.

Words/Phrases

Example

Common Collocations

1
running costs (n)
The amount of money a company earns should at least cover its running costs such as rent, employees’ salary and utilities.

cover the running costs

2
budget (n)
Every company should learn how to allocate their budget efficiently.

allocate budget to st

3
revenue (n)
The total revenue of this company increases by 20% on average annually.

total revenue
generate/produce revenue

4
profit (n)
The top priority of most company is to maximize their profits.

make a profit
maximize profit

5
sales (n)
There are many ways to help businesses boost their sales.

boost sales: thúc đẩy doanh số bán hàng

6
market (n)
Companies often carry out market research before launching a new product.

a competitive market
market research

7
marketing (n)
The company began to do some marketing of the new product.

do marketing
marketing campaign

8
promotion (n)
After doing a special promotion within a month, the company can expect a 20% increase in sales.

do promotion: tiến hành quảng cáo

9
business
After graduation, my sister decided to run her own business.

run a business
do business

10
competition (n)
Despite fierce competition, we won the contract.

healthy competition
fierce competition

11
bankrupt (n)
Many companies went bankrupt during the World Economic Crisis.

go bankrupt

12
product
Companies should carry out market research before launching a new product.

launch a new product

13
service
Our mission is to offer excellent services to the customers.

offer a service to sb
excellent service
poor service

14
productivity
The application of modern technology can surely increase productivity.

boost/increase productivity

15
tax (v)
Private car owners should be heavily taxed to encourage the use public transport.

16
tax (n)
The Government should impose heavy taxes on private car owners to encourage the use of public transport.

tax payment
levy/impose tax on sb

17
social responsibilities (np)
Besides making money, businesses should also have social responsibilities.

have/embrace social responsibilities

18
economy (n)
A knowledge-based economy is an economy based on intellectual ability, while a resource-based one is largely based on natural resources.