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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. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






2. Payments made like a bribe to encourage an official to allow something or get something done.






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






4. The balance between interest rates and the demand for money.






5. A period of decline in economic activity.






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






7. A voluntary sector or charity sector organization.






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






9. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?






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






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






12. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.






13. Economic policies designed to support business and help it expand.






14. An extremely adverse environmental condition.






15. Government policies to cool down an economy and prevent inflation during boom periods.






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






17. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






18. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






19. 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.






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






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






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






23. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






24. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






25. The way in which a company is controlled.






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






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






28. Relating to cities or built up areas - not the countryside.






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






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






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






32. Something that is required by law.






33. 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.






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






35. The money a state earns via taxation.






36. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






37. An imitation of a product made with the intent to defraud a customer.






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






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






40. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






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






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






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






44. Exclusive ownership of a property for an indefinite period of time.






45. A country's exports minus its imports.






46. 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.






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






48. Something that is bought without being planned for.






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






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