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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. When the imports into a country exceed the exports going out of a country.






2. Something that is bought without being planned for.






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






4. An extremely adverse environmental condition.






5. Multiple retail units under common ownership.






6. The percentage of people who do not have a job.






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






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






9. A minimum income level below which people are officially poor.






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






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






12. A government-imposed tax on imports.






13. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






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






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






16. 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.






17. When a price has been cut.






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






19. When a customer regularly uses a store they know - like and trust.






20. The system of organizations involved in moving a product from manufacturer to customer.






21. Machine for processing sales - giving change in a shop or restaurant.






22. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






23. Items in a store which have not sold for a longer period of time.






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






25. A period of shrinking economic activity.






26. Economic policies that use money e.g. interest rates or money supply as the major instruments.






27. Hiring an external company to perform tasks for a company and reduce costs.






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






29. A period of very high economic activity.






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






31. A period of decline in economic activity.






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






33. The legal right of the owner of a work over its control and distribution.






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






35. Goods bought for private use.






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






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






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






39. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






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






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






42. The balance between interest rates and the demand for money.






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






44. Volunteer organization for young - disadvantaged Americans.






45. The number of times during a period a business sells its inventory and replaces it.






46. Shows the flows of money into and out of a country plus transfer payments.






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






48. Obstacles to international trade other than tariffs.






49. The customer group a retailer wants to attract and satisfy.






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