10 Business Abbreviations

Do you know these business abbreviations? CEO, MBA, PR, HR, VAT, USP, ISO, ROI, Ltd, Inc.

These are common, widely spread 10 business abbreviations. Possibly you`ve heard them before. Let`s go into more detail.

CEO stands for Chief Executive Officer. The CEO is the highest ranking executive in a company whose responsibilities include high-level strategy, major corporate decisions, and overall operations.

Перевод: директор, высшая управленческая должность.

MBA is defined as an abbreviation for Master of Business Administration, a degree earned after a bachelor's degree by those who wish to specialize in marketing, economics, accounting or another business vocation.

Перевод: магистр/мастер делового администрирования, квалификационная степень.

PR stands for Public Relations. PR is the practice of managing the spread of information between an individual or an organization and the public. PR can refer to the field and to the department.

Перевод: аббревиатура заимствована русским языком. В русском языке имеющие одно происхождение термины "PR" и "связи с общественностью" получили разную смысловую нагрузку. Термин "связи с общественностью" чаще употребляется, когда речь идет об учебной дисциплине, её преподавании, научном исследовании, официальных документах, формальном наименовании должностей. Слово "PR" обычно характеризует конкретную деятельность специалистов по связям с общественностью и её результат.

HR stands for Human Resources. Human Resources is an umbrella term for a collection of functions that assist an organisation deliver value through its employees, contractors and agency staff. HR can refer to the field, to the department and to the people themselfs.

A human resource is an employee who staffs a function within an organization.

Перевод: человеческие ресурсы, обозначение кадровой службы.

VAT (Value Added Tax) is a type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale.

Перевод: НДС, налог на добавленную стоимость.

USP stands for Unique Selling Proposition. A unique selling proposition refers to the unique benefit exhibited by a company, service, product or brand that enables it to stand out from competitors. The unique selling proposition must be a feature that highlights product benefits that are meaningful to consumers.

Перевод: УТП, уникальное торговое предложение.

ISO stands for International Organization for Standardization. The ISO is a network of the national standards institutes of 163 countries, coordinated by a Central Secretariat in Geneva.

Перевод: Международная организация по стандартизации (ИСО), международная организация, занимающаяся выпуском стандартов.

ROI is defined as an abbreviation for Return on Investment. It`s a profitability ratio. Return on Investment (ROI) is the benefit to an investor resulting from an investment of some resource.

Перевод: финансовый показатель, коэффициент рентабельности инвестиций.

Ltd. (limited) refers to a private company limited by shares.

Перевод: общество с ограниченной ответственностью.

Inc. stands for Incorporated.

Перевод: корпорация.