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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. Trade Union Congress.






3. An economic sanction that forbids the import of a specific product or all products from a specific country.






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






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






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






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






8. The rare situation when budget spending is smaller than revenue.






9. Sets of specific restraints imposed by governments on international trade.






10. The percentage of people who do not have a job.






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






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






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






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






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






16. 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.






17. When governments try to stabilize economic activities by funding major projects from budget deficits.






18. A government-imposed tax on imports.






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






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






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






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






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






24. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






25. A test or way of measuring something.






26. Volunteer organization for young - disadvantaged Americans.






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






28. Obstacles to international trade other than tariffs.






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






30. Regulations that mean permission from the government is required before certain items can be exported.






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






32. Goods bought and used by companies - such as machines. Also known as capital goods.






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






34. A period of economic expansion.






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






36. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.






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






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






39. An owner of shares or stocks in a company.






40. real Gross Domestic Product is the level of GDP having been adjusted for inflation.






41. A large retail unit selling a wide variety of goods in separate departments.






42. Hiring an external company to perform tasks for a company and reduce costs.






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






44. Patterns of relationships between different groups of society.






45. 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.






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






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






48. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






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






50. A computerised stock-control system which reorders stock automatically when it reaches a certain level.