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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. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
loyalty card
OECD
NAFTA
infringement
2. The rate of interest at which US banks lend money to their best corporate customers.
upswing
leasehold
prime rate
budget surplus
3. A retailer that concentrates on selling one particular type of good.
standard of living
target market
new capital investment
speciality store
4. Exclusive ownership of a property for an indefinite period of time.
sustainable
freehold
consumer durables
fiscal policies
5. When a private company provides a public service in agreement with a government or council.
depth of assortment
public-private partnership
freehold
diversity
6. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
Maastricht Treaty
investment
otc drug
assessment
7. The money a state earns via taxation.
tax revenue
capital spending
AFL/CIO
trade surplus
8. Volunteer organization for young - disadvantaged Americans.
Americorps
Fed
OECD
department store
9. Someone who does something without being paid for it - e.g. working for a charity.
currency hedging
volunteer
Maastricht Treaty
WTO
10. Meeting accepted guidelines or laws.
compliance
bulk discount
CBD
reduced
11. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
markdown
advertising
current account
investment
12. When governments try to stabilize economic activities by funding major projects from budget deficits.
mission statement
governance
tax haven
deficit spending
13. The percentage of a household's income that is saved.
discontinued
statutory
real GDP
savings rate
14. The purchase of a financial product or other item of value with the hope that it will become more valuable.
shopping centre
investment
discretionary income
idle capacity
15. The violation of a law or right.
infringement
variety store
assessment
discontinued
16. Agreement that provided the basis for the formation of the European Union.
Maastricht Treaty
current account
FDI
sustainable
17. The amount of money a person has left after paying taxes and buying necessities.
variety store
store loyalty
in-stock
discretionary income
18. When a price has been cut.
reduced
till
duty
market equilibrium
19. Central Business District - the largest retail and office area of a city - also known as downtown
department store
core products
till
CBD
20. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
dead stock
greenbelt
societal
monetary policies
21. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
product differentiation
WTO
blight
myopic perspective
22. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
budget deficit
blight
currency hedging
GDP
23. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
inventory shrinkage
NAFTA
NGOs
NIMBY
24. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
RPI
discretionary income
manufacturing
GDP
25. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
restrictive economic policies
economic growth
depth of assortment
market penetration
26. Connected with society and the way it is organized.
duty
markdown
societal
inventory
27. Business wholly owned by its employees with the emphasis on group decision making.
shopping centre
dead stock
cooperative
benchmarking
28. Obstacles to international trade based on customs tariffs.
inventory management
inventory turnover
tariff barriers
shelf warmer
29. The Federal Reserve - the US central banking system.
EPOS
Fed
Americorps
convenience store
30. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
savings rate
cooperative
protectionism
supermarket
31. A tax imposed on imports by the customs authority of a country.
outsourcing
CBD
duty
advocacy
32. A medicine which is available without first getting a prescription from a doctor.
reduced
Green paper
over the counter drug
GDP
33. Development which can be done without harming the environment or natural resources.
subsidy
chain
copycat
sustainable development
34. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
trade surplus
sustainability
Maastricht Treaty
reduced
35. The customer group a retailer wants to attract and satisfy.
recession
checkout
household sector
target market
36. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?
household sector
PPP
chain
TUC
37. A consultation document that sets out the government's position on a certain issue.
Green paper
trade deficit
stockroom
unemployment rate
38. Goods bought for private use.
grease payments
consumer goods
sustainable development
markup
39. A large - long-term loan taken out to pay for a house.
mortgage
Americorps
depression
trade deficit
40. Machine for processing sales - taking payments - giving change. Also know as a cash register.
till
retail outlet
store
department store
41. Value of the entire company as expressed by its market capitalization.
unemployment rate
market equilibrium
shareholder value
inventory shrinkage
42. Usually software where the source code is made freely available for all users to change as they see fit.
depth of assortment
open source
mission statement
balance of payments
43. When a small number of companies control a certain market.
export controls
oligopoly
barter
leasehold
44. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.
loyalty card
stakeholder
customs
consumer durables
45. Patterns of relationships between different groups of society.
depth of assortment
social structure
public-private partnership
competitive
46. A range of many things or people that are very different from each other.
diversity
boom
NIMBY
checkout
47. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
EPOS
FMCG
empowerment
inventory shrinkage
48. Regulations that mean permission from the government is required before certain items can be exported.
export controls
copycat
mortgage
allocation
49. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
shareholder value
upswing
inventory
niche strategy
50. Hiring an external company to perform tasks for a company and reduce costs.
in-stock
outsourcing
convenience store
prime rate