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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. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






2. An individual or company buying from someone.






3. Payments made like a bribe to encourage an official to allow something or get something done.






4. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.






5. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






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






7. Exclusive ownership of a property for an indefinite period of time.






8. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






9. The right to live in a home on a long-term tenancy.






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






11. Something which is a copy or imitation.






12. Multiple retail units under common ownership.






13. A small owner-operated store serving a local community.






14. A sign or symbol used by a company such as the Nike swish logo which is protected by law.






15. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.






16. How companies try to show their products as being different from those of their rivals.






17. Machine for processing sales - taking payments - giving change. Also know as a cash register.






18. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






19. A test or way of measuring something.






20. A medicine which is available without first getting a prescription from a doctor.






21. Organization for Economic Cooperation and Development






22. A large - long-term loan taken out to pay for a house.






23. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






24. A company's main products - e.g. Opel's core product is cars.






25. Giving people the freedom to decide things and take responsibility for themselves.






26. The Federal Reserve - the US central banking system.






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






28. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






29. The variety of goods that a retailer sells.






30. Items which a shop has and are available to buy.






31. An item which is no longer produced by a manufacturer or sold by a retailer.






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






33. A government-imposed tax on imports.






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






35. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






36. Consumer goods that have a short life span - e.g. food or paper tissues.






37. The way in which a company is controlled.






38. Process of communicating back and forth until an agreement has been reached.






39. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






40. When a private company provides a public service in agreement with a government or council.






41. Government policies to cool down an economy and prevent inflation during boom periods.






42. Central Business District - the largest retail and office area of a city - also known as downtown






43. Items sold in a store during a certain period measuring in number of units or value.






44. System in which good or services are exchanged for other goods or services rather than cash.






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






46. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






47. A reduction in the selling price of an item in order to increase sales.






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






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






50. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






Can you answer 50 questions in 15 minutes?



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