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






2. A person or organization which receives money from a charity.






3. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






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






5. The variety of goods that a retailer sells.






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






7. Consumer goods that have a short life span - e.g. food or paper tissues.






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






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






10. Usually software where the source code is made freely available for all users to change as they see fit.






11. A range of many things or people that are very different from each other.






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






13. The support of a cause.






14. A large - long-term loan taken out to pay for a house.






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






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






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






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






19. A government-imposed tax on imports.






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






21. A country's exports minus its imports.






22. 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.






23. Items sold in a store during a certain period measuring in number of units or value.






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






25. A financial instrument that facilitates payment from one currency to another.






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






27. The way in which a company is controlled.






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






29. The amount of wealth - money - comfort etc that a particular person - group or society has.






30. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






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






32. A company's main products - e.g. Opel's core product is cars.






33. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






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






35. Multiple retail units under common ownership.






36. Machine for processing sales - taking payments - giving change. Also know as a cash register.






37. Meeting accepted guidelines or laws.






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






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






40. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






41. A retail outlet.






42. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






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






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






45. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






46. Payments made like a bribe to encourage an official to allow something or get something done.






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






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






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






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