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Test your basic knowledge |
Business English Vocab Test
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Subjects
:
business-skills
,
english
,
vocabulary
Instructions:
Answer 50 questions in 15 minutes.
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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 a price has been cut.
reduced
megamall
public-private partnership
NGOs
2. 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.
grease payments
loyalty card
not-for-profit
capital spending
3. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
trade surplus
infringement
store
NGOs
4. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
fiscal policies
constructive economic policies
governance
CPI
5. Items which a shop has and are available to buy.
direct selling
sustainable development
in-stock
FMCG
6. System in which good or services are exchanged for other goods or services rather than cash.
negotiation
central business district
barter
CBD
7. The system of organizations involved in moving a product from manufacturer to customer.
supply chain
standard of living
tax haven
foreign exchange
8. Regulations that mean permission from the government is required before certain items can be exported.
allocation
supermarket
shelf warmer
export controls
9. Doing something (performing a process) to make a material ready for your requirments.
processing
BPI
variety store
counterfeit
10. Agreement that provided the basis for the formation of the European Union.
Maastricht Treaty
CBD
self-service
new capital investment
11. Connected with society and the way it is organized.
societal
Nominal GDP
sustainability
vending machine
12. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.
protectionism
sustainable development
BPI
balance of payments
13. A small owner-operated store serving a local community.
export controls
mom-and-pop store
budget surplus
loyalty card
14. The percentage of a household's income that is saved.
NIMBY
mom-and-pop store
savings rate
national debt
15. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
target market
outsourcing
RPI
16. The number of times during a period a business sells its inventory and replaces it.
inventory turnover
compliance
not-for-profit
checkout
17. A shop or store.
entrepreneurship
oligopoly
budget surplus
retail outlet
18. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
target market
GDP
discontinued
tariff
19. An economic sanction that forbids the import of a specific product or all products from a specific country.
NAFTA
inventory turnover
leasehold
embargo
20. A large - long-term loan taken out to pay for a house.
advocacy
investment
mortgage
duty
21. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
boom
balance of payments
Americorps
NAFTA
22. An item which is no longer produced by a manufacturer or sold by a retailer.
EDI
depth of assortment
customer
discontinued
23. The amount of wealth - money - comfort etc that a particular person - group or society has.
savings rate
prime rate
standard of living
OECD
24. Obstacles to international trade other than tariffs.
upswing
AFL/CIO
non-tariff barriers
constructive economic policies
25. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
megamall
real GDP
compliance
loyalty card
26. An individual or company buying from someone.
competitive
customer
stock turnover
loyalty card
27. Something that is required by law.
tax revenue
unemployment rate
market penetration
statutory
28. The purchase of a financial product or other item of value with the hope that it will become more valuable.
Nominal GDP
shareholder
investment
not-for-profit
29. Trade Union Congress.
vending machine
TUC
open source
tariff
30. A large retail unit selling a wide variety of goods in separate departments.
customs
fake
department store
benchmarking
31. An imitation of a product made with the intent to defraud a customer.
depth of assortment
shareholder
impulse purchase
counterfeit
32. Patterns of relationships between different groups of society.
social structure
quota
stakeholder
advocacy
33. A period of economic expansion.
NAFTA
upswing
cooperative
poverty line
34. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
market skimming
mission statement
allocation
freehold
35. The difference between merchandise costs and retail selling price.
standard of living
trade surplus
shelf warmer
markup
36. A period of very high economic activity.
over the counter drug
boom
product differentiation
markup
37. Central Business District - the largest retail and office area of a city - also known as downtown
fiscal policies
Green paper
CBD
convenience store
38. When a customer regularly uses a store they know - like and trust.
store loyalty
copycat
fiscal policies
sustainable
39. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
impulse purchase
downswing
variety store
not-for-profit
40. Multiple retail units under common ownership.
balance of payments
benchmarking
chain
sanctions
41. Government policies to cool down an economy and prevent inflation during boom periods.
grease payments
department store
AAA
restrictive economic policies
42. The hub of retailing in a city - where the most office buildings and retail stores are.
chain
central business district
aggregate demand
store
43. Value of the entire company as expressed by its market capitalization.
constructive economic policies
markup
shareholder value
stock turnover
44. The rate of interest at which US banks lend money to their best corporate customers.
prime rate
current account
customs
infringement
45. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
supplier
FMCG
shelf warmer
real GDP
46. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
myopic perspective
BPI
economic growth
depression
47. A company's main products - e.g. Opel's core product is cars.
core products
White paper
till
assessment
48. Volunteer organization for young - disadvantaged Americans.
checkout
urban
Maastricht Treaty
Americorps
49. Development which can be done without harming the environment or natural resources.
advocacy
oligopoly
blight
sustainable development
50. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
foreign exchange
reduced
EDI
diversity
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