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






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






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






4. Confederation of British Industry






5. A shop or store.






6. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






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






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






9. 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.






10. The violation of a law or right.






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






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






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






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






16. 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.






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






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






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






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






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






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






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






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






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






26. Volunteer organization for young - disadvantaged Americans.






27. Trade Union Congress.






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






29. A storeroom where items which cannot be put on display are stored.






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






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






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






33. When a price has been cut.






34. Organization for Economic Cooperation and Development






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






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






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






38. 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.






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






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






41. The way in which a company is controlled.






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






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






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






45. Consumer goods that have a short life span - e.g. food or paper tissues.






46. Products that can hold their own against rival products in terms of price - features or quality.






47. A country's exports minus its imports.






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






49. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.






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