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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. Regular fluctuations in overall economic activity over time.
blight
national debt
business cycle
export controls
2. System in which good or services are exchanged for other goods or services rather than cash.
recession
barter
public-private partnership
mom-and-pop store
3. Financial aid by the government to an individual or group to support an activity that is in the public interest.
markup
subsidy
core products
Nominal GDP
4. A period of economic expansion.
discretionary income
current account
upswing
money supply
5. A range of many things or people that are very different from each other.
diversity
competitive
otc drug
customs
6. A period of shrinking economic activity.
grease payments
downswing
EDI
non-tariff barriers
7. How companies try to show their products as being different from those of their rivals.
product differentiation
FDI
oligopoly
cooperative
8. A self-service food store with grocery - meat and produce departments.
supermarket
Green paper
market equilibrium
mom-and-pop store
9. When a customer regularly uses a store they know - like and trust.
idle capacity
infringement
real GDP
store loyalty
10. 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.
Americorps
mission statement
outsourcing
discretionary income
11. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
market penetration
RPI
entrepreneurship
poverty line
12. Business wholly owned by its employees with the emphasis on group decision making.
urban
niche strategy
cooperative
diversity
13. A tax imposed on imports by the customs authority of a country.
duty
downswing
market penetration
counterfeit
14. A person who works for someone else in exchange for payment.
WTO
TUC
employee
subsidy
15. Usually software where the source code is made freely available for all users to change as they see fit.
Green paper
open source
non-tariff barriers
inventory shrinkage
16. A person or company from whom goods or services are bought.
supplier
restrictive economic policies
tariff barriers
otc drug
17. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
FMCG
in-stock
CBD
constructive economic policies
18. The percentage of a household's income that is saved.
savings rate
debit-card system
allocation
niche strategy
19. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
fake
oligopoly
aggregate demand
greenbelt
20. An enormous planned shopping centre with hundreds of stores under one roof.
megamall
processing
factors of production
dealer brands
21. Process of communicating back and forth until an agreement has been reached.
self-service
negotiation
depth of assortment
depression
22. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
impulse purchase
self-service
duty
markdown
23. Sets of specific restraints imposed by governments on international trade.
mom-and-pop store
sanctions
business sector
store
24. The support of a cause.
advocacy
WTO
CPI
myopic perspective
25. The different layers within a society e.g. class - income - education.
market equilibrium
PPP
bulk discount
social stratification
26. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
GDP
social stratification
social structure
tax haven
27. Obstacles to international trade other than tariffs.
employee
non-tariff barriers
societal
consumer non-durables
28. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
impulse purchase
customer
intellectual property
FMCG
29. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
RPI
public-private partnership
market equilibrium
dead stock
30. Connected with society and the way it is organized.
niche strategy
societal
upswing
over the counter drug
31. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
consumer non-durables
economic growth
automatic reordering system
processing
32. A storeroom where items which cannot be put on display are stored.
EPOS
stockroom
oligopoly
Maastricht Treaty
33. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
advertising
market penetration
not-for-profit
customer
34. When a small number of companies control a certain market.
deficit spending
copycat
beneficiary
oligopoly
35. An area of land which has never been built on.
greenfield site
mission statement
inventory
social structure
36. When a private company provides a public service in agreement with a government or council.
public-private partnership
subsidy
cooperative
shareholder
37. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
trade surplus
competitive
questionable payments
core products
38. The right to live in a home on a long-term tenancy.
leasehold
supply chain
infringement
current account
39. Refers to the number of distinct goods or services a retailer offers.
poverty line
width of assortment
negative equity
investment
40. An owner of shares or stocks in a company.
shareholder
entrepreneurship
WTO
employee
41. A collection of shops under one roof with a shared entrance and food area.
central business district
markdown
shopping centre
store
42. Central Business District - the largest retail and office area of a city - also known as downtown
grease payments
CBD
budget surplus
supermarket
43. The system of organizations involved in moving a product from manufacturer to customer.
urban
current account
supply chain
vending machine
44. Exclusive ownership of a property for an indefinite period of time.
tariff barriers
freehold
protectionism
entrepreneurship
45. The rare situation when budget spending is smaller than revenue.
budget surplus
mission statement
store
mom-and-pop store
46. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
empowerment
OECD
inventory shrinkage
freehold
47. The violation of a law or right.
infringement
debit-card system
leasehold
discontinued
48. A period where there is little economic activity - high unemployment and much poverty.
non-tariff barriers
cooperative
poverty line
depression
49. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
automatic reordering system
balance of trade
mom-and-pop store
quota
50. Economic policies designed to support business and help it expand.
constructive economic policies
savings rate
export controls
economic growth