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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. The number of times during a period a business sells its inventory and replaces it.






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






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






4. 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.






5. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






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






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






8. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






9. A self-service food store with grocery - meat and produce departments.






10. Statement of policy issued by a government which may form the basis of a future law.






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






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






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






14. A test or way of measuring something.






15. The variety of goods that a retailer sells.






16. A retailer that concentrates on selling one particular type of good.






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






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






19. A person who works for someone else in exchange for payment.






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






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






22. The violation of a law or right.






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






24. A sign or symbol used by a company such as the Nike swish logo which is protected by law.






25. The support of a cause.






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






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






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






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






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






31. Something which is a copy or imitation.






32. The checking - ordering & processing of stock levels.






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






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






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






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






37. Imitating another company's ideas rather than developing your own.






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






39. Volunteer organization for young - disadvantaged Americans.






40. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






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






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






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






44. The area of the economy that produces goods and provides services.






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






46. A period of economic expansion.






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






48. An area of land which has never been built on.






49. Process of communicating back and forth until an agreement has been reached.






50. A tax imposed on imports by the customs authority of a country.