Confident Business English
219. Essential Finance Phrases for Senior Managers In International Companies
May 22, 2024
Learn how to confidently discuss company revenue, budget status, and cost savings as a senior manager in international companies. Discover essential finance phrases and natural ways to talk about generating money. The podcast provides practical advice for improving financial vocabulary and communication skills.
13:08
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Quick takeaways
- Accurately differentiate revenue from profit to sound knowledgeable in financial discussions.
- Understand the distinctions between budget, target, and quote to effectively manage budgets in international companies.
Deep dives
Understanding Revenue and Profit Distinction
When discussing the financial performance of a company, it's crucial to differentiate between revenue and profit. Revenue represents the total income generated, while profit is what remains after deducting costs from revenue. Common mistakes include incorrectly stating revenue figures. To sound knowledgeable, it's essential to accurately convey phrases like 'the company's revenue last year was 500 million euros,' emphasizing correct sentence structure.
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