Language/Norwegian-bokmal/Vocabulary/Economic-and-business-language
Introduction[edit | edit source]
In this lesson, we will explore the economic and business language used in Norwegian Bokmål. Understanding economic and business-related vocabulary is essential for anyone looking to work or study in Norway. Whether you are interested in starting your own business, working in finance, or simply want to understand the economic landscape of Norway, this lesson will provide you with the necessary vocabulary and phrases to communicate effectively in these contexts.
Throughout this lesson, we will cover a wide range of economic and business-related topics, including finance, marketing, employment, and more. We will provide numerous examples to illustrate each concept and ensure a thorough understanding of the vocabulary. Additionally, we will explore any regional variations in the usage of economic and business language, as well as share interesting cultural facts and anecdotes related to these topics.
By the end of this lesson, you will have a solid foundation of economic and business vocabulary in Norwegian Bokmål, allowing you to confidently navigate professional settings and engage in discussions related to the economy and business in Norway.
Finance and Banking[edit | edit source]
Banking Vocabulary[edit | edit source]
In this section, we will cover some essential banking vocabulary that you may encounter when dealing with financial institutions in Norway.
Savings Account[edit | edit source]
A savings account is a basic banking product that allows individuals to deposit and save money.
| Norwegian Bokmål | Pronunciation | English |
|---|---|---|
| sparekonto | spah-reh-kohn-too | savings account |
| innskudd | een-skood | deposit |
| rente | rehn-teh | interest |
| uttak | oot-tahk | withdrawal |
Checking Account[edit | edit source]
A checking account is a type of bank account that allows for frequent transactions, such as deposits, withdrawals, and payments.
| Norwegian Bokmål | Pronunciation | English |
|---|---|---|
| brukskonto | brooks-kohn-too | checking account |
| innskudd | een-skood | deposit |
| uttak | oot-tahk | withdrawal |
| betaling | beh-tah-leeng | payment |
Credit Card[edit | edit source]
A credit card is a payment card that allows the cardholder to borrow money to pay for goods and services.
| Norwegian Bokmål | Pronunciation | English |
|---|---|---|
| kredittkort | kreh-deet-kohrt | credit card |
| kredittgrense | kreh-deet-grehn-seh | credit limit |
| faktura | fahk-too-rah | invoice |
| rente | rehn-teh | interest |
Investment Vocabulary[edit | edit source]
In this section, we will cover some key investment vocabulary to help you understand the world of investments and financial markets.
Stock Market[edit | edit source]
The stock market is a marketplace where shares of publicly traded companies are bought and sold.
| Norwegian Bokmål | Pronunciation | English |
|---|---|---|
| aksjemarkedet | ahk-shay-mahr-keh-deht | stock market |
| aksje | ahk-sheh | share |
| aksjekurs | ahk-shay-koors | stock price |
| aksjeindeks | ahk-shay-een-deks | stock index |
Mutual Fund[edit | edit source]
A mutual fund is a type of investment fund that pools money from multiple investors to invest in a diversified portfolio of securities.
| Norwegian Bokmål | Pronunciation | English |
|---|---|---|
| investeringsfond | een-ves-teh-reengs-foond | mutual fund |
| investering | een-ves-teh-reeng | investment |
| portefølje | pohr-teh-foolyeh | portfolio |
| avkastning | ahv-kahst-ning | return on investment |
Bonds[edit | edit source]
A bond is a fixed income investment where an investor loans money to an entity, typically a corporation or government, which borrows the funds for a defined period of time at a variable or fixed interest rate.
| Norwegian Bokmål | Pronunciation | English |
|---|---|---|
| obligasjon | oh-blee-gah-syohn | bond |
| rente | rehn-teh | interest |
| forfall | foor-fahl | maturity |
| kredittrating | kreh-deet-rah-ting | credit rating |
Business Vocabulary[edit | edit source]
In this section, we will cover some essential business vocabulary that will be useful for anyone working in a business-related field in Norway.
Company Structure[edit | edit source]
Understanding the different roles and positions within a company is crucial for effective communication and collaboration in a professional setting.
| Norwegian Bokmål | Pronunciation | English |
|---|---|---|
| selskap | sehl-skahp | company |
| direktør | dee-rehk-toor | director |
| leder | leh-dehr | manager |
| ansatt | ahn-saht | employee |
Marketing[edit | edit source]
Marketing plays a vital role in promoting products and services. Here are some key marketing vocabulary words and phrases.
| Norwegian Bokmål | Pronunciation | English |
|---|---|---|
| markedsføring | mahr-kehts-fooh-reeng | marketing |
| målgruppe | mohl-groop-peh | target audience |
| kampanje | kahm-pan-yeh | campaign |
| markedsundersøkelse | mahr-kehts-oon-dehr-seh-kel-seh | market research |
Employment Vocabulary[edit | edit source]
Knowing the vocabulary related to employment is essential when looking for a job or discussing work-related matters.
| Norwegian Bokmål | Pronunciation | English |
|---|---|---|
| jobb | yohb | job |
| stilling | stee-leeng | position |
| søknad | sook-nahd | application |
| intervju | een-tehr-vyoo | interview |
Cultural Insights[edit | edit source]
Norwegian business culture is influenced by the country's egalitarian values, strong work-life balance, and focus on sustainability. Here are some interesting cultural insights related to economic and business practices in Norway:
- Norway is known for its high standard of living, which is supported by a strong welfare state and a well-regulated labor market. - The concept of "janteloven" (the Law of Jante) is deeply ingrained in Norwegian society. It emphasizes humility and discourages excessive pride or individualism. - Norwegians value consensus and collaboration in decision-making processes, often seeking input from all stakeholders before making important business decisions. - Sustainability and environmental responsibility are highly regarded in Norwegian business practices. Many Norwegian companies prioritize ethical and environmental considerations in their operations. - Norwegian business attire tends to be relatively informal, with a focus on practicality and comfort. However, it is still important to dress professionally for business meetings and formal events. - Building personal relationships and trust is crucial in Norwegian business culture. Taking the time to get to know colleagues and business partners on a personal level is highly valued.
Exercises[edit | edit source]
1. Match the following banking terms with their English translations:
a. sparekonto b. brukskonto c. kredittkort d. innskudd e. uttak
i. credit card ii. deposit iii. checking account iv. withdrawal v. savings account
Solution: a. v. savings account b. iii. checking account c. i. credit card d. ii. deposit e. iv. withdrawal
2. Complete the sentences with the appropriate business vocabulary words:
a. The ___________ is responsible for overseeing the company's operations. b. We need to conduct a ___________ to gather information about customer preferences. c. The ___________ has set ambitious sustainability goals for the coming year. d. She submitted her ___________ for the open position. e. The marketing ___________ was a huge success, resulting in increased sales.
Solution: a. director b. market research c. company d. application e. campaign
Conclusion[edit | edit source]
Congratulations! You have successfully learned a wide range of economic and business-related vocabulary in Norwegian Bokmål. Understanding these terms will greatly enhance your ability to communicate effectively in professional settings and engage in discussions related to the economy and business in Norway.
In this lesson, we covered essential banking vocabulary, investment terms, and important business phrases. We also explored some interesting cultural insights related to economic and business practices in Norway.
Keep practicing and reviewing the vocabulary regularly to solidify your understanding. As you progress in your language learning journey, you will continue to expand your economic and business language skills, allowing you to thrive in professional environments in Norway.
Takk for innsatsen! (Thank you for your effort!)
Other Lessons[edit | edit source]
- Valentines Day
- Family and relationships
- Legal terminology
- Asking Directions
- Vegetables
- Count to 10
- Food and eating
- Food
- How to say Good Bye?
- Fruits