Oxford Business English Dictionary for Learners of English

within a particular industry: The Average Earnings Index (AEI) is Great Britain's key indicator of how fast earnings are growing, о the average earnings index for the services sector

.average 'revenue noun [c] (Accounting) the total money received from the sale of goods divided by the number of items sold: a decrease/an increase in the average revenue per customer

.average 'stock noun [u] (Accounting) a method of calculating the average value of goods held during a particular period by adding the total value of goods held at the beginning and at the end of the period and dividing by two

aviation /.eivi'eijn/ noun [u]

see also: civil aviation

the designing, building and flying of aircraft: the crisis in the aviation and travel industry

the aviation industry/sector ♦ civil/commercial/ world aviation

avionics /.eivi'oniks; AmE-'a:n-/ noun

[U] the science of electronics when used in designing and making aircraft

[pi.] the electronic devices in an aircraft, etc.

avoid /a'void/ verb [+ obj]

to prevent sth bad from happening: They are looking for funds to avoid the company going bankrupt, о The name was changed to avoid confusion with another firm.

to try not to do sth; to keep away from sb/sth: The insurance company tried everything to avoid paying the claim.

avoidance /a'voidans/ noun [u]

see also: tax avoidance

not doing sth; preventing sth from existing or happening: to remove opportunities for the avoidance of tax о risk avoidance

award /a'wo:d; AmE a'wo:rd/ noun, verb

noun [C]

(HR) a decision about an increase in the amount of money sb earns: The union is unhappy with this year's pay award.

(HR) in some countries, a written document that gives details of the conditions of employment in a company or an industry that are stated in law: Staff work under a number of awards and agreements that specify employment conditions.

(HR) = award wage

(Law) the amount of money that a court decides should be given to sb who has won a case; the decision to give this money: The appeal court upheld the 100 000 damages award against the company.

(often in names of particular awards) a prize such as money, etc. for sth that sb has done

verb [+ obj]

award (sb) sth | award sth (to sb) to make an official decision to give sth to sb as a payment, prize, etc: The firm has been awarded a five-year contract to supply parts to a leading manufacturer, о The jury awarded $30 million in damages against the newspaper.

a'ward wage (also a'ward) noun [c] (HR) in some countries, the amount of money that an employer must pay by law for a particular kind of work: increases in the award wage о Some people with disabilities do not earn full award wages. minimum wage

a'ward-winning adjective having won a prize: an award-winning design

awareness 34 [

awareness /a'weanas; AmE a'wer-/ noun [U; sing.]

see also: brand awareness, consumer product ~

knowing sth; knowing that sth exists and is important: What all companies are looking for is an awareness of the brand and what it stands for. o consumers'growing awareness of Internet shopping О growing/increasing awareness ♦ high/low awareness [5] to build/heighten/increase/raise awareness

axe {AmE spelling also ax) /aeks/ noun, verb (informal) • noun [sing.] the axe used especially in newspapers to describe strong measures that are taken to