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






2. Agreement that provided the basis for the formation of the European Union.






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






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






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






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






7. Giving people the freedom to decide things and take responsibility for themselves.






8. When a small number of companies control a certain market.






9. 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.






10. A period of decline in economic activity.






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






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






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






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






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






16. The support of a cause.






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






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






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






20. A voluntary sector or charity sector organization.






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






22. Usually software where the source code is made freely available for all users to change as they see fit.






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






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






25. 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.






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






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






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






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






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






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






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






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






34. A country's exports minus its imports.






35. A consultation document that sets out the government's position on a certain issue.






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






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






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






39. The total amount of money in circulation in a country.






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






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






42. Machine for processing sales - giving change in a shop or restaurant.






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






44. The variety of goods that a retailer sells.






45. Meeting accepted guidelines or laws.






46. The sum of money invested in new or additional equipment.






47. Connected with society and the way it is organized.






48. When a private company provides a public service in agreement with a government or council.






49. A way of measuring performance by comparing a company to similar ones.






50. When a customer regularly uses a store they know - like and trust.







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