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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 number of times during a period a business sells its inventory and replaces it.
inventory turnover
chain
idle capacity
savings rate
2. Trade Union Congress.
inventory turnover
manufacturing
TUC
tax haven
3. An economic sanction that forbids the import of a specific product or all products from a specific country.
embargo
automatic reordering system
mom-and-pop store
deficit spending
4. Machine for processing sales - taking payments - giving change. Also know as a cash register.
in-stock
till
quota
width of assortment
5. The process of turning raw materials and parts into finished products.
consumer non-durables
benchmarking
manufacturing
protectionism
6. Focusing on a more specific line of products or services in comparison to competitors.
in-stock
boom
niche strategy
entrepreneurship
7. The customer group a retailer wants to attract and satisfy.
automatic reordering system
target market
statutory
balance of payments
8. The rare situation when budget spending is smaller than revenue.
copyright
tax revenue
upswing
budget surplus
9. Sets of specific restraints imposed by governments on international trade.
sanctions
balance of trade
shareholder
public-private partnership
10. The percentage of people who do not have a job.
BPI
CBI
unemployment rate
quota
11. A card payment system where the cost of goods or services is immediately removed from a bank account.
debit-card system
national debt
franchising
Americorps
12. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
franchising
discretionary income
fake
13. Products that can hold their own against rival products in terms of price - features or quality.
competitive
beneficiary
unemployment rate
trademark
14. A person or company from whom goods or services are bought.
monetary policies
inventory
PPP
supplier
15. A range of many things or people that are very different from each other.
chain
diversity
CPI
tax haven
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.
reduced
mortgage
franchising
capital spending
17. When governments try to stabilize economic activities by funding major projects from budget deficits.
markup
capital spending
budget deficit
deficit spending
18. A government-imposed tax on imports.
sustainable
tariff
poverty line
bulk discount
19. Imitating another company's ideas rather than developing your own.
White paper
copycat
unemployment rate
till
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.
employee
quota
self-service
customs
21. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
currency hedging
GDP
width of assortment
negotiation
22. A retailer that concentrates on selling one particular type of good.
employee
export controls
public-private partnership
speciality store
23. When the exports a country makes exceed the imports.
mortgage
trade surplus
urban
duty
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.
CBI
CPI
vending machine
recession
25. A test or way of measuring something.
manufacturing
checkout
assessment
central business district
26. Volunteer organization for young - disadvantaged Americans.
Americorps
supermarket
discretionary income
depth of assortment
27. An area of land which has never been built on.
stock turnover
poverty line
open-market operations
greenfield site
28. Obstacles to international trade other than tariffs.
EDI
non-tariff barriers
balance of payments
national debt
29. The purchase of a financial product or other item of value with the hope that it will become more valuable.
real GDP
copyright
investment
tax haven
30. Regulations that mean permission from the government is required before certain items can be exported.
export controls
inventory
FMCG
sustainable development
31. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
monopoly
negative equity
market skimming
otc drug
32. Goods bought and used by companies - such as machines. Also known as capital goods.
social stratification
factors of production
inventory shrinkage
producer goods
33. A reduction in the selling price of an item in order to increase sales.
markdown
fake
GDP
automatic reordering system
34. A period of economic expansion.
trademark
central business district
upswing
poverty line
35. Refers to the number of distinct goods or services a retailer offers.
WTO
width of assortment
business sector
prime rate
36. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
economic growth
advocacy
fake
inventory
37. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
poverty line
sustainable
BPI
variety store
38. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
budget deficit
retail outlet
direct selling
franchising
39. An owner of shares or stocks in a company.
cooperative
greenbelt
shareholder
social structure
40. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
Fed
bulk discount
real GDP
core products
41. A large retail unit selling a wide variety of goods in separate departments.
department store
vending machine
supermarket
greenfield site
42. Hiring an external company to perform tasks for a company and reduce costs.
outsourcing
economic growth
cooperative
protectionism
43. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
sustainability
market equilibrium
national debt
dead stock
44. Patterns of relationships between different groups of society.
WTO
compliance
national debt
social structure
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.
competitive
RPI
BPI
oligopoly
46. Central Business District - the largest retail and office area of a city - also known as downtown
sustainable
depth of assortment
business cycle
CBD
47. The amount of money a person has left after paying taxes and buying necessities.
tax haven
copycat
budget surplus
discretionary income
48. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
reduced
AAA
balance of trade
EPOS
49. A collection of shops under one roof with a shared entrance and food area.
shopping centre
NIMBY
bulk discount
advocacy
50. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
automatic reordering system
core products
balance of trade
shareholder value