TOEIC

Corporate Development

innovation

• The company encourages innovation to stay ahead of its competitors.
  • encourage innovation
  • drive innovation
  • foster innovation

strategy

• Our marketing strategy focuses on attracting young professionals.
  • marketing strategy
  • business strategy
  • develop a strategy

partnership

• The two firms formed a partnership to expand into the Asian market.
  • form a partnership
  • strategic partnership
  • long-term partnership

investment

• The CEO announced a major investment in renewable energy.
  • make an investment
  • attract investment
  • investment opportunity

diversification

• Product diversification helps reduce business risk.
  • product diversification
  • business diversification
  • diversify the portfolio

sustainability

• The company promotes sustainability by using eco-friendly packaging.
  • promote sustainability
  • environmental sustainability
  • sustainable development

entrepreneurship

• Entrepreneurship is essential for driving economic growth.
  • promote entrepreneurship
  • entrepreneurship program
  • spirit of entrepreneurship

benchmarking

• The team conducted benchmarking to compare their services with industry leaders.
  • conduct benchmarking
  • benchmarking study
  • benchmarking process

capital

• The startup raised enough capital to launch its first product.
  • raise capital
  • venture capital
  • capital investment

competitiveness

• Employee training programs improve the company’s competitiveness.
  • global competitiveness
  • enhance competitiveness
  • maintain competitiveness

consolidation

• Market consolidation has reduced the number of small players in the industry.
  • market consolidation
  • industry consolidation,
  • consolidate resources

corporate culture

• A positive corporate culture attracts and retains top talent.
  • strong corporate culture
  • build corporate culture
  • corporate values

growth

• The company reported steady sales growth over the past year.
  • sales growth
  • economic growth
  • achieve growth

joint venture

• The two companies established a joint venture to develop new technology.
  • form a joint venture
  • joint venture agreement
  • joint venture partner

market share

• The brand increased its market share through aggressive advertising.
  • gain market share
  • lose market share
  • dominate the market

outsourcing

• Many firms use outsourcing to cut costs and focus on core activities.
  • outsourcing services
  • outsourcing partner
  • outsource operations

product development

• The company invested heavily in product development to launch new models.
  • product development team
  • product development cycle
  • new product development

research and development

• The firm’s research and development team is working on an AI-based solution.
  • R&D department
  • invest in R&D
  • research and development costs

market research

• Conducting market research helps identify customer needs.
  • conduct market research
  • market research survey
  • market research report

patent

• The company applied for a patent to protect its new invention.
  • apply for a patent
  • hold a patent
  • patent rights

intellectual property

• Protecting intellectual property is crucial in the technology sector.
  • intellectual property rights
  • protect intellectual property
  • intellectual property law

validation

• The new medical device is waiting for FDA validation.
  • seek validation
  • validation process
  • validation test

commercialization

• The startup is preparing for the commercialization of its new app.
  • product commercialization
  • commercialization strategy
  • commercialization process