Work and Business
When companies need new staff, they advertise vacancies. Job seekers will then apply for these positions. Usually, you have to fill in an application form and send your CV (or resume). If you possess the right qualifications, you will be invited for an interview.
The Employment Lifecycle
- During the process, you are an applicant or candidate. If successful, you are recruited (or hired).
- Leaving a job involuntarily: If you perform poorly or break rules, you might be dismissed (informally: sacked or fired).
- Leaving voluntarily: If you choose to leave to find a better job, you resign. When you reach a certain age and stop working entirely, you retire.
Your remuneration (pay) can come in different forms. A salary is a fixed amount paid monthly or annually, typically for professional roles. In contrast, wages are usually paid weekly, often for manual or hourly work.
- 📈 Increments: Automatic, regular increases to your salary (e.g., an annual increment).
- 🎁 Perks: Extra benefits given to employees, such as a company car or free health insurance.
- 💰 Commission: A percentage of sales paid to the person who makes the sale.
- 🚀 Promotion: Moving to a more important job or higher rank within the company.
- 👴 Pension: A fund into which payments are made during a person's employment years, and from which payments are drawn after they retire.
In your daily work, you usually collaborate with a team and report directly to your line manager (your direct boss).
Companies exist to sell goods or services. Before they launch a new product, they conduct extensive market research to discover what consumers want. Following this, the marketing department will design advertising campaigns aimed at their specific target market.
A company must always be aware of its competitors. The ultimate goal is to generate revenue that exceeds costs, thereby making a profit. If costs exceed revenue, the company makes a loss. If a business loses too much money and cannot pay its debts, it will go bankrupt.
✍️ Comprehensive Practice
Hệ thống bài tập tự động chấm điểm. Hoàn thành toàn bộ các ô trống trước khi nộp bài.
Exercise 25.1: Core Definitions
Exercise 25.2: Advanced Contextual Use
Exercise 25.3: Synonyms & Word Forms
1. Synonyms/Equivalents:
a. Customers (in a broader market sense) =
b. Pay (weekly for manual work) =
c. Introduce (a new product) =
d. Quit (voluntarily leave) =
e. Employ (someone) =
2. Antonyms:
f. Profit ↔
Exercise 25.4: Paragraph Completion (The Product Lifecycle)
Therefore, TechCorp decided to (4) a budget-friendly model. The marketing team aggressively advertised it to their target market of university students. The strategy was highly successful; the company made a massive (5) in the first quarter, and the lead project manager was rewarded with a major (6) to the position of Vice President.
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