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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 range of many things or people that are very different from each other.
depth of assortment
export controls
diversity
product differentiation
2. A test or way of measuring something.
assessment
sustainability
new capital investment
shareholder
3. Hiring an external company to perform tasks for a company and reduce costs.
outsourcing
restrictive economic policies
sustainability
FDI
4. Goods bought and used by companies - such as machines. Also known as capital goods.
stakeholder
RPI
budget deficit
producer goods
5. 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.
Maastricht Treaty
customs
factors of production
TUC
6. Something that is required by law.
tax haven
statutory
open-market operations
downswing
7. Confederation of British Industry
CBI
stakeholder
self-service
advocacy
8. Items which a shop has and are available to buy.
FDI
public-private partnership
store loyalty
in-stock
9. A voluntary sector or charity sector organization.
AAA
CBI
not-for-profit
sustainable
10. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
advertising
FMCG
factors of production
business sector
11. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
NGOs
inventory turnover
social stratification
department store
12. A retailer that concentrates on selling one particular type of good.
over the counter drug
speciality store
debit-card system
stockroom
13. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.
quota
mission statement
Americorps
urban
14. Refers to the number of distinct goods or services a retailer offers.
statutory
width of assortment
empowerment
tariff
15. The support of a cause.
advocacy
prime rate
mortgage
debit-card system
16. Exclusive ownership of a property for an indefinite period of time.
loyalty card
constructive economic policies
department store
freehold
17. Development which can be done without harming the environment or natural resources.
recession
sustainable development
monopoly
quota
18. Volunteer organization for young - disadvantaged Americans.
cooperative
balance of payments
processing
Americorps
19. A consultation document that sets out the government's position on a certain issue.
poverty line
money supply
Green paper
direct selling
20. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
Green paper
otc drug
infringement
dead stock
21. Involving the use of natural resources and energy in a way that does not harm the environment.
customs
sustainable
market equilibrium
central business district
22. The customer group a retailer wants to attract and satisfy.
export controls
monetary policies
business cycle
target market
23. Giving people the freedom to decide things and take responsibility for themselves.
foreign exchange
fiscal policies
embargo
empowerment
24. An area of land which has never been built on.
inventory management
dead stock
greenfield site
supplier
25. An economic sanction that forbids the import of a specific product or all products from a specific country.
embargo
downswing
store
societal
26. Connected with society and the way it is organized.
advocacy
width of assortment
direct selling
societal
27. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
self-service
vending machine
societal
protectionism
28. The amount of money a person has left after paying taxes and buying necessities.
downswing
department store
money supply
discretionary income
29. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.
franchising
target market
automatic reordering system
over the counter drug
30. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
tariff
variety store
national debt
CBD
31. A large - long-term loan taken out to pay for a house.
checkout
monetary policies
mortgage
customs
32. A person or organization which receives money from a charity.
beneficiary
entrepreneurship
supermarket
barter
33. American Federation of Labour / Association of Industrial Organizations
shelf warmer
inventory management
AFL/CIO
downswing
34. Obstacles to international trade based on customs tariffs.
tariff barriers
dealer brands
duty
idle capacity
35. A card payment system where the cost of goods or services is immediately removed from a bank account.
national debt
debit-card system
leasehold
product differentiation
36. The balance between interest rates and the demand for money.
otc drug
Fed
market equilibrium
employee
37. When the imports into a country exceed the exports going out of a country.
trade deficit
AFL/CIO
sustainable
central business district
38. The violation of a law or right.
economic growth
CBD
infringement
oligopoly
39. Consumer goods that have a long life span - e.g. furniture.
manufacturing
consumer durables
trade deficit
monetary policies
40. Items sold in a store during a certain period measuring in number of units or value.
NGOs
stock turnover
embargo
target market
41. When the amount borrowed to pay for a home is now more than the property is actually worth.
fiscal policies
store
negative equity
governance
42. A country's exports minus its imports.
manufacturing
volunteer
downswing
balance of trade
43. Patterns of relationships between different groups of society.
greenbelt
inventory shrinkage
social structure
budget surplus
44. When a private company provides a public service in agreement with a government or council.
benchmarking
blight
customer
public-private partnership
45. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
CBD
debit-card system
market penetration
shelf warmer
46. Economic policies that use money e.g. interest rates or money supply as the major instruments.
monetary policies
convenience store
dead stock
NGOs
47. A way of measuring performance by comparing a company to similar ones.
AFL/CIO
benchmarking
myopic perspective
fiscal policies
48. A financial instrument that facilitates payment from one currency to another.
dead stock
foreign exchange
bulk discount
infringement
49. An extremely adverse environmental condition.
TUC
sustainable
blight
employee
50. Economic policies designed to support business and help it expand.
constructive economic policies
mortgage
national debt
inventory management