This document defines key business terms such as entrepreneur, multinational company, firm, demand, business environment, and provides examples of collocations using these terms. It explains that an entrepreneur takes risks to start a business, a multinational company operates in many countries, a firm or company can be joint or shared, and demand refers to the desire of buyers for a product or service. It also evaluates different collocations and identifies the best phrases as multinational firm, vast demand, global market, joint program, Western practices, and based in Chicago.

1. entrepreneur

2. someone who takes a risk in order to start a business

3. short-term (adj.)

4. occurring in a short period of time

5. multinational company

6. a business that operates in many countries

7. joint (adj.)

8. Shared (or made) by 2 or more people (or organizations) together

9. vast

10. very big, huge

11. business environment

12. the setting or conditions in which business is done

13. firm (noun)

14. company or corporation

15. demand (vb)

16. to ask abruptly or harshly Where is she?

17. demand (noun – used in business)

18. the desire of buyers for something There’s a big demand for mobile phones in China.

20. multinational firm

22. vast demand

24. Both are correct!

26. joint program

28. Western practices

30. based in Chicago