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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. The different layers within a society e.g. class - income - education.
till
fiscal policies
Americorps
social stratification
2. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
mom-and-pop store
subsidy
loyalty card
not-for-profit
3. The difference between merchandise costs and retail selling price.
markup
questionable payments
prime rate
till
4. A storeroom where items which cannot be put on display are stored.
discretionary income
stakeholder
stockroom
NAFTA
5. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
tax haven
economic growth
width of assortment
supermarket
6. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
Nominal GDP
PPP
NAFTA
duty
7. A company's main products - e.g. Opel's core product is cars.
RPI
money supply
core products
prime rate
8. The total sum of a nation's outstanding debt.
aggregate demand
national debt
diversity
WTO
9. The right to live in a home on a long-term tenancy.
market equilibrium
leasehold
trade deficit
self-service
10. A financial instrument that facilitates payment from one currency to another.
governance
foreign exchange
niche strategy
volunteer
11. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
export controls
household sector
direct selling
department store
12. Items in a store which have not sold for a longer period of time.
unemployment rate
dead stock
balance of trade
questionable payments
13. A tax imposed on imports by the customs authority of a country.
duty
business sector
TUC
GDP
14. When the exports a country makes exceed the imports.
dead stock
customs
copycat
trade surplus
15. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
in-stock
TUC
shelf warmer
poverty line
16. A period of decline in economic activity.
recession
retail outlet
sustainable development
store loyalty
17. Items sold in a store during a certain period measuring in number of units or value.
otc drug
stock turnover
trademark
aggregate demand
18. Distribution of anything for use - including time or money.
otc drug
allocation
unemployment rate
currency hedging
19. An item which is no longer produced by a manufacturer or sold by a retailer.
savings rate
open source
manufacturing
discontinued
20. 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.
greenbelt
market equilibrium
BPI
shelf warmer
21. Items which a shop has and are available to buy.
in-stock
investment
fake
discretionary income
22. Consumer goods that have a long life span - e.g. furniture.
budget deficit
market skimming
grease payments
consumer durables
23. When the amount borrowed to pay for a home is now more than the property is actually worth.
not-for-profit
market skimming
franchising
negative equity
24. 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.
store loyalty
recession
prime rate
mission statement
25. The balance between interest rates and the demand for money.
embargo
customs
market equilibrium
currency hedging
26. A card payment system where the cost of goods or services is immediately removed from a bank account.
over the counter drug
bulk discount
debit-card system
tax revenue
27. How companies try to show their products as being different from those of their rivals.
product differentiation
target market
governance
market skimming
28. Central Business District - the largest retail and office area of a city - also known as downtown
speciality store
assessment
customer
CBD
29. A small owner-operated store serving a local community.
core products
megamall
mom-and-pop store
width of assortment
30. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
in-stock
unemployment rate
trademark
blight
31. The percentage of a household's income that is saved.
discretionary income
direct selling
savings rate
national debt
32. An extremely adverse environmental condition.
discontinued
diversity
self-service
blight
33. A retailer that concentrates on selling one particular type of good.
speciality store
embargo
myopic perspective
unemployment rate
34. Value of the entire company as expressed by its market capitalization.
balance of payments
shareholder value
CPI
NGOs
35. Something that is bought without being planned for.
impulse purchase
inventory
discretionary income
trade deficit
36. Business wholly owned by its employees with the emphasis on group decision making.
factors of production
public-private partnership
cooperative
stockroom
37. An area of land which has never been built on.
greenfield site
CBI
budget surplus
shelf warmer
38. Relating to cities or built up areas - not the countryside.
benchmarking
chain
urban
White paper
39. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
economic growth
export controls
inventory shrinkage
monopoly
40. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
outsourcing
current account
niche strategy
variety store
41. A large - long-term loan taken out to pay for a house.
advertising
mortgage
EDI
infringement
42. The resources used to produce goods and services - including land - labour - business and capital.
stakeholder
counterfeit
factors of production
market penetration
43. Organization for Economic Cooperation and Development
unemployment rate
benchmarking
open-market operations
OECD
44. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
market penetration
core products
open-market operations
governance
45. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
FDI
budget deficit
protectionism
self-service
46. A consultation document that sets out the government's position on a certain issue.
discretionary income
Green paper
aggregate demand
NAFTA
47. The sum of money invested in new or additional equipment.
supplier
capital spending
new capital investment
WTO
48. A voluntary sector or charity sector organization.
real GDP
currency hedging
protectionism
not-for-profit
49. A large retail unit selling a wide variety of goods in separate departments.
impulse purchase
dead stock
department store
greenbelt
50. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
processing
boom
consumer durables
dealer brands