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Business English Vocab Test

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






2. The resources used to produce goods and services - including land - labour - business and capital.






3. The sum of money invested in new or additional equipment.






4. The amount of money a person has left after paying taxes and buying necessities.






5. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.






6. A reduction in price offered when buying an item in higher quantities.






7. A retail outlet.






8. Patterns of relationships between different groups of society.






9. Volunteer organization for young - disadvantaged Americans.






10. Refers to the number of distinct goods or services a retailer offers.






11. Items in a store which have not sold for a longer period of time.






12. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






13. A test or way of measuring something.






14. Distribution of anything for use - including time or money.






15. A card payment system where the cost of goods or services is immediately removed from a bank account.






16. The system of organizations involved in moving a product from manufacturer to customer.






17. The area of the economy that produces goods and provides services.






18. Imitating another company's ideas rather than developing your own.






19. Development which can be done without harming the environment or natural resources.






20. The percentage of a household's income that is saved.






21. Products that can hold their own against rival products in terms of price - features or quality.






22. A country's exports minus its imports.






23. An area of land which has never been built on.






24. A storeroom where items which cannot be put on display are stored.






25. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






26. A range of many things or people that are very different from each other.






27. Goods bought for private use.






28. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






29. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






30. An owner of shares or stocks in a company.






31. Financial aid by the government to an individual or group to support an activity that is in the public interest.






32. A self-service food store with grocery - meat and produce departments.






33. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






34. Multiple retail units under common ownership.






35. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.






36. A person or organization which receives money from a charity.






37. A retailer that concentrates on selling one particular type of good.






38. Agreement that provided the basis for the formation of the European Union.






39. Economic policies designed to support business and help it expand.






40. An economic sanction that forbids the import of a specific product or all products from a specific country.






41. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






42. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






43. The rare situation when budget spending is smaller than revenue.






44. When a company reduces their output during a recession they have excess or idle capacity.






45. The process of turning raw materials and parts into finished products.






46. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






47. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






48. A period of decline in economic activity.






49. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






50. Usually software where the source code is made freely available for all users to change as they see fit.