#VocabularyTime Vocabulary for Business in Collocations in Use Go into Business: start doing business E: I went into Business two years ago. Set up business: start business. E: I set up a small business selling office equipment in 2019. Go into partnership with smb: cooperate with someone E: Initially, I went into partnership with one of my classmates. Make a loss: lose money E: We made a loss for the first two years Make a profit: increase an income E: we have made a profit since the year. Go bankrupt: fail financially E: All around us, the small companies went bankrupt in the year. Stiff competition: difficult competition E: we won a contract despite of stiff competition Annual turnover: amount of business a company does in a year. E: we had an annual turnover of more than 100 million sums. Float the company: start selling shares in a company E: We decided to float the company on the stock market Cut-throat competition: very severe competition E: there is a cut-throat competition in music industry these days. go out of business: to stop business E: our local bakery has gone out of business because most people buy bread at supermarket these days. Strike a deal with smb: make arrangements with someone E: we struck a deal with the vendor of the house and got 15% discount on the price Put in a bid: an offer to pay a particular price for something. E: our company have put in a bid for the new recreational centre contract 121 viewsedited 14:43
