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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.
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. The process of turning raw materials and parts into finished products.
franchising
manufacturing
benchmarking
store
2. The hub of retailing in a city - where the most office buildings and retail stores are.
prime rate
barter
central business district
governance
3. 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.
freehold
compliance
shelf warmer
BPI
4. A period of very high economic activity.
GDP
upswing
boom
questionable payments
5. An individual or company buying from someone.
customer
mom-and-pop store
consumer non-durables
capital spending
6. System in which good or services are exchanged for other goods or services rather than cash.
mom-and-pop store
public-private partnership
barter
inventory shrinkage
7. Hiring an external company to perform tasks for a company and reduce costs.
outsourcing
TUC
infringement
embargo
8. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
stakeholder
quota
shareholder value
direct selling
9. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
EDI
RPI
consumer durables
copyright
10. A person or company from whom goods or services are bought.
CBD
volunteer
deficit spending
supplier
11. When a price has been cut.
width of assortment
consumer durables
impulse purchase
reduced
12. When budget spending exceeds revenue.
depth of assortment
market equilibrium
budget deficit
unemployment rate
13. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
leasehold
governance
fake
greenbelt
14. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
barter
duty
loyalty card
consumer goods
15. Volunteer organization for young - disadvantaged Americans.
balance of payments
customer
Americorps
impulse purchase
16. A country's exports minus its imports.
empowerment
discontinued
allocation
balance of trade
17. 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.
restrictive economic policies
stockroom
urban
capital spending
18. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
depth of assortment
RPI
TUC
not-for-profit
19. The Federal Reserve - the US central banking system.
fake
Fed
protectionism
store
20. Statement of policy issued by a government which may form the basis of a future law.
prime rate
deficit spending
cooperative
White paper
21. The total amount of money in circulation in a country.
sustainable development
copyright
monopoly
money supply
22. Something that is required by law.
currency hedging
statutory
width of assortment
cooperative
23. An economic sanction that forbids the import of a specific product or all products from a specific country.
trademark
tax haven
budget deficit
embargo
24. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
inventory shrinkage
negative equity
RPI
stakeholder
25. Financial aid by the government to an individual or group to support an activity that is in the public interest.
width of assortment
subsidy
public-private partnership
poverty line
26. When a customer regularly uses a store they know - like and trust.
store loyalty
money supply
CBI
stock turnover
27. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
fiscal policies
WTO
shelf warmer
retail outlet
28. The rare situation when budget spending is smaller than revenue.
budget surplus
tariff barriers
market skimming
automatic reordering system
29. Exclusive ownership of a property for an indefinite period of time.
national debt
convenience store
freehold
myopic perspective
30. A card payment system where the cost of goods or services is immediately removed from a bank account.
prime rate
consumer non-durables
debit-card system
PPP
31. Usually software where the source code is made freely available for all users to change as they see fit.
trademark
open source
subsidy
sustainable
32. The sum of money invested in new or additional equipment.
new capital investment
direct selling
copycat
core products
33. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
customs
market skimming
shareholder
trademark
34. A retail outlet.
supplier
vending machine
store
greenbelt
35. A minimum income level below which people are officially poor.
Nominal GDP
consumer durables
poverty line
store loyalty
36. Buying currency options that fix exchange rates for a period of time.
EDI
currency hedging
advocacy
till
37. The purchase of a financial product or other item of value with the hope that it will become more valuable.
capital spending
investment
shopping centre
myopic perspective
38. Agreement that provided the basis for the formation of the European Union.
WTO
self-service
Maastricht Treaty
blight
39. Products that can hold their own against rival products in terms of price - features or quality.
over the counter drug
market penetration
investment
competitive
40. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
AAA
grease payments
till
NIMBY
41. Meeting accepted guidelines or laws.
unemployment rate
dead stock
compliance
vending machine
42. The checking - ordering & processing of stock levels.
store loyalty
NAFTA
capital spending
inventory management
43. The buying and selling of government securities by a central bank in order to control the money supply.
duty
grease payments
open-market operations
balance of payments
44. A large retail unit selling a wide variety of goods in separate departments.
fiscal policies
till
store loyalty
department store
45. A storeroom where items which cannot be put on display are stored.
customs
mortgage
household sector
stockroom
46. The percentage of people who do not have a job.
blight
inventory management
volunteer
unemployment rate
47. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
national debt
product differentiation
protectionism
discontinued
48. A self-service food store with grocery - meat and produce departments.
discontinued
supermarket
market skimming
CBD
49. The system of organizations involved in moving a product from manufacturer to customer.
Nominal GDP
myopic perspective
debit-card system
supply chain
50. A reduction in the selling price of an item in order to increase sales.
current account
markdown
sustainable development
market penetration
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