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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. Distribution of anything for use - including time or money.






2. Buying currency options that fix exchange rates for a period of time.






3. A voluntary sector or charity sector organization.






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






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






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






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






8. Obstacles to international trade based on customs tariffs.






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






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






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






12. A period of economic expansion.






13. A period of decline in economic activity.






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






15. Patterns of relationships between different groups of society.






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






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






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






19. Obstacles to international trade other than tariffs.






20. Doing something (performing a process) to make a material ready for your requirments.






21. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






22. A medicine which is available without first getting a prescription from a doctor.






23. Value of the entire company as expressed by its market capitalization.






24. The total sum of goods and services in demand.






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






26. Multiple retail units under common ownership.






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






28. The hub of retailing in a city - where the most office buildings and retail stores are.






29. Something that is bought without being planned for.






30. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






31. The rate of interest at which US banks lend money to their best corporate customers.






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






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






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






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






36. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






37. 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.






38. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






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






40. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






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






42. A financial instrument that facilitates payment from one currency to another.






43. The different layers within a society e.g. class - income - education.






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






45. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






46. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






47. Involving the use of natural resources and energy in a way that does not harm the environment.






48. A retail outlet.






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






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