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






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






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






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






5. Financial aid by the government to an individual or group to support an activity that is in the public interest.






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






7. A period of decline in economic activity.






8. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






9. A country's exports minus its imports.






10. A retail outlet.






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






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






13. The legal right of the owner of a work over its control and distribution.






14. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






15. American Federation of Labour / Association of Industrial Organizations






16. A shop or store.






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






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






19. 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?






20. Someone who does something without being paid for it - e.g. working for a charity.






21. 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.






22. 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.






23. A voluntary sector or charity sector organization.






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






25. An item which is no longer produced by a manufacturer or sold by a retailer.






26. A period where there is little economic activity - high unemployment and much poverty.






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






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






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






30. Something that is bought without being planned for.






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






32. The skills and knowledge needed to start and run a company.






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






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






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






36. Volunteer organization for young - disadvantaged Americans.






37. Items sold in a store during a certain period measuring in number of units or value.






38. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






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






40. Goods bought for private use.






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






42. Organization for Economic Cooperation and Development






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






44. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.






45. Something that is required by law.






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






47. A reduction in price offered when buying an item in higher quantities.






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






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






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