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






2. 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.






3. Connected with society and the way it is organized.






4. A retail outlet.






5. Patterns of relationships between different groups of society.






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






7. The total sum of a nation's outstanding debt.






8. A government-imposed tax on imports.






9. The different layers within a society e.g. class - income - education.






10. Value of the entire company as expressed by its market capitalization.






11. A period where there is little economic activity - high unemployment and much poverty.






12. The skills and knowledge needed to start and run a company.






13. Goods bought for private use.






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






15. A collection of shops under one roof with a shared entrance and food area.






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






17. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






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






19. 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.






20. Doing something (performing a process) to make a material ready for your requirments.






21. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






22. A financial instrument that facilitates payment from one currency to another.






23. Regular fluctuations in overall economic activity over time.






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






25. A person who works for someone else in exchange for payment.






26. The amount of wealth - money - comfort etc that a particular person - group or society has.






27. When a small number of companies control a certain market.






28. Obstacles to international trade based on customs tariffs.






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






30. A consultation document that sets out the government's position on a certain issue.






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






32. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






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






34. Someone who does something without being paid for it - e.g. working for a charity.






35. The support of a cause.






36. The hub of retailing in a city - where the most office buildings and retail stores are.






37. The difference between merchandise costs and retail selling price.






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






39. The rate of interest at which US banks lend money to their best corporate customers.






40. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






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






42. Something that is bought without being planned for.






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






44. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






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






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






47. A tax imposed on imports by the customs authority of a country.






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






49. An extremely adverse environmental condition.






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