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Test your basic knowledge |
Business English Vocab Test
Start Test
Study First
Subjects
:
business-skills
,
english
,
vocabulary
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. An area of land which has never been built on.
niche strategy
copyright
greenfield site
EPOS
2. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
open source
shelf warmer
mission statement
market skimming
3. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.
tax revenue
monopoly
current account
stock turnover
4. A period of economic expansion.
dealer brands
EPOS
beneficiary
upswing
5. When budget spending exceeds revenue.
Fed
advocacy
manufacturing
budget deficit
6. The Federal Reserve - the US central banking system.
advocacy
speciality store
foreign exchange
Fed
7. Regular fluctuations in overall economic activity over time.
savings rate
depth of assortment
beneficiary
business cycle
8. Focusing on a more specific line of products or services in comparison to competitors.
consumer goods
prime rate
trade surplus
niche strategy
9. The difference between merchandise costs and retail selling price.
recession
markup
FDI
assessment
10. When governments try to stabilize economic activities by funding major projects from budget deficits.
markup
deficit spending
factors of production
PPP
11. An extremely adverse environmental condition.
markup
blight
retail outlet
capital spending
12. The variety of goods that a retailer sells.
diversity
markup
depth of assortment
Nominal GDP
13. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?
PPP
budget deficit
volunteer
quota
14. Patterns of relationships between different groups of society.
embargo
duty
social structure
niche strategy
15. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
consumer non-durables
budget surplus
direct selling
Americorps
16. The rate of interest at which US banks lend money to their best corporate customers.
speciality store
CBD
target market
prime rate
17. The violation of a law or right.
standard of living
supplier
sustainability
infringement
18. Goods bought for private use.
EPOS
upswing
foreign exchange
consumer goods
19. A tax imposed on imports by the customs authority of a country.
export controls
duty
self-service
fiscal policies
20. A test or way of measuring something.
dead stock
compliance
assessment
inventory turnover
21. Value of the entire company as expressed by its market capitalization.
PPP
shareholder value
EDI
employee
22. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.
copycat
Fed
sustainability
fiscal policies
23. Goods bought and used by companies - such as machines. Also known as capital goods.
savings rate
producer goods
oligopoly
Americorps
24. The amount of money a person has left after paying taxes and buying necessities.
aggregate demand
tax revenue
governance
discretionary income
25. A company's main products - e.g. Opel's core product is cars.
balance of trade
core products
WTO
speciality store
26. Connected with society and the way it is organized.
bulk discount
aggregate demand
inventory
societal
27. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
inventory turnover
mortgage
customs
NIMBY
28. Someone who does something without being paid for it - e.g. working for a charity.
Green paper
debit-card system
volunteer
fake
29. Imitating another company's ideas rather than developing your own.
markdown
copycat
subsidy
automatic reordering system
30. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
debit-card system
urban
trademark
fake
31. Exclusive ownership of a property for an indefinite period of time.
aggregate demand
protectionism
freehold
not-for-profit
32. Confederation of British Industry
protectionism
CBI
retail outlet
convenience store
33. Buying currency options that fix exchange rates for a period of time.
duty
currency hedging
constructive economic policies
export controls
34. The total sum of a nation's outstanding debt.
myopic perspective
national debt
open source
till
35. The right to live in a home on a long-term tenancy.
tariff
leasehold
retail outlet
negotiation
36. A shop or store.
AAA
otc drug
store
retail outlet
37. The purchase of a financial product or other item of value with the hope that it will become more valuable.
investment
unemployment rate
beneficiary
dealer brands
38. Economic policies designed to support business and help it expand.
constructive economic policies
recession
savings rate
Fed
39. The customer group a retailer wants to attract and satisfy.
mortgage
target market
benchmarking
unemployment rate
40. An owner of shares or stocks in a company.
upswing
aggregate demand
shareholder
poverty line
41. The rare situation when budget spending is smaller than revenue.
PPP
volunteer
currency hedging
budget surplus
42. The balance between interest rates and the demand for money.
restrictive economic policies
target market
prime rate
market equilibrium
43. System in which good or services are exchanged for other goods or services rather than cash.
convenience store
barter
central business district
otc drug
44. Development which can be done without harming the environment or natural resources.
supermarket
sustainable development
business cycle
fake
45. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
market skimming
product differentiation
outsourcing
AAA
46. A way of measuring performance by comparing a company to similar ones.
over the counter drug
market penetration
benchmarking
diversity
47. A medicine which is available without first getting a prescription from a doctor.
social structure
supermarket
over the counter drug
balance of payments
48. Machine for processing sales - giving change in a shop or restaurant.
social structure
checkout
vending machine
downswing
49. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
household sector
trade surplus
barter
discretionary income
50. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
statutory
greenbelt
trademark
infringement