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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 card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






2. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






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






4. A government-imposed tax on imports.






5. A minimum income level below which people are officially poor.






6. Agreement that provided the basis for the formation of the European Union.






7. Items which a shop has and are available to buy.






8. A storeroom where items which cannot be put on display are stored.






9. Confederation of British Industry






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






11. System in which good or services are exchanged for other goods or services rather than cash.






12. Consumer goods that have a long life span - e.g. furniture.






13. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.






14. The hub of retailing in a city - where the most office buildings and retail stores are.






15. American Federation of Labour / Association of Industrial Organizations






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






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






18. The way in which a company is controlled.






19. An individual or company buying from someone.






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






21. A way of measuring performance by comparing a company to similar ones.






22. The Federal Reserve - the US central banking system.






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






24. Something that is required by law.






25. Obstacles to international trade other than tariffs.






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






27. 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.






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






29. Patterns of relationships between different groups of society.






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






31. The system of organizations involved in moving a product from manufacturer to customer.






32. The skills and knowledge needed to start and run a company.






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






34. Someone who does something without being paid for it - e.g. working for a charity.






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






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






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






38. The support of a cause.






39. Multiple retail units under common ownership.






40. A card payment system where the cost of goods or services is immediately removed from a bank account.






41. The process of turning raw materials and parts into finished products.






42. A voluntary sector or charity sector organization.






43. Products that can hold their own against rival products in terms of price - features or quality.






44. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






45. A period of very high economic activity.






46. An enormous planned shopping centre with hundreds of stores under one roof.






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






48. A period of shrinking economic activity.






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






50. Buying currency options that fix exchange rates for a period of time.