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






2. Obstacles to international trade other than tariffs.






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






4. The violation of a law or right.






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






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






7. Goods bought and used by companies - such as machines. Also known as capital goods.






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






9. A shop or store.






10. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






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






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






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






14. 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.






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






16. Focusing on a more specific line of products or services in comparison to competitors.






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






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






19. The total amount of money in circulation in a country.






20. A test or way of measuring something.






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






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






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






24. Organization for Economic Cooperation and Development






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






26. Confederation of British Industry






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






28. Something which is a copy or imitation.






29. Something that is bought without being planned for.






30. A large retail unit selling a wide variety of goods in separate departments.






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






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






33. Buying currency options that fix exchange rates for a period of time.






34. An enormous planned shopping centre with hundreds of stores under one roof.






35. Multiple retail units under common ownership.






36. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






37. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






38. When the exports a country makes exceed the imports.






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






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






41. A country's exports minus its imports.






42. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






43. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






44. The total sum of goods and services in demand.






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






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






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






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






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






50. Sets of specific restraints imposed by governments on international trade.