In this Video Vocab lesson, we’ll learn business English vocabulary for describing the supply chain, beginning with suppliers, who sell materials or parts to the manufacturers that assemble products. The products then go to distributors, who transport them to retailers, where they are then sold to consumers or end users.

In this Video Vocab lesson, we will repeat look at vocabulary and collocations related to sales management. A sales force is made up of sales reps who try to identify leads with potential customers called prospects. A sales rep must qualify these prospects as they move down the sales funnel. At the end of the funnel, a rep hopes to close a sale, or make a deal.

In this lesson, we’ll look at some key macroeconomic terms related to consumers and prices. This includes ideas such as the income gap, the cost of living, and the consumer price index (CPI). We will also explore concepts such as inflation and purchasing power, as well as disposable income, household debt, and consumer spending