Test your basic knowledge |

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. A collection of shops under one roof with a shared entrance and food area.






2. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






3. The resources used to produce goods and services - including land - labour - business and capital.






4. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






5. Exclusive ownership of a property for an indefinite period of time.






6. real Gross Domestic Product is the level of GDP having been adjusted for inflation.






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






8. A period where there is little economic activity - high unemployment and much poverty.






9. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






10. When the amount borrowed to pay for a home is now more than the property is actually worth.






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






12. How companies try to show their products as being different from those of their rivals.






13. Central Business District - the largest retail and office area of a city - also known as downtown






14. The total amount of money in circulation in a country.






15. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






16. 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?






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






18. A reduction in price offered when buying an item in higher quantities.






19. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






20. Goods bought and used by companies - such as machines. Also known as capital goods.






21. An item which is no longer produced by a manufacturer or sold by a retailer.






22. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






23. The money a state earns via taxation.






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






25. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






26. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.






27. When the exports a country makes exceed the imports.






28. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






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






30. An individual or company buying from someone.






31. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






32. A person or company from whom goods or services are bought.






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






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






35. Government policies to cool down an economy and prevent inflation during boom periods.






36. A medicine which is available without first getting a prescription from a doctor.






37. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.






38. Development which can be done without harming the environment or natural resources.






39. The percentage of a household's income that is saved.






40. A period of decline in economic activity.






41. Refers to the number of distinct goods or services a retailer offers.






42. The total sum of a nation's outstanding debt.






43. Relating to cities or built up areas - not the countryside.






44. Confederation of British Industry






45. Sets of specific restraints imposed by governments on international trade.






46. The amount of money a person has left after paying taxes and buying necessities.






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






48. The purchase of a financial product or other item of value with the hope that it will become more valuable.






49. An imitation of a product made with the intent to defraud a customer.






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests