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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. Items which a shop has and are available to buy.
sustainable
in-stock
manufacturing
real GDP
2. 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.
market equilibrium
fiscal policies
tariff barriers
open source
3. Connected with society and the way it is organized.
variety store
inventory turnover
entrepreneurship
societal
4. A retail outlet.
governance
store
investment
greenfield site
5. Patterns of relationships between different groups of society.
grease payments
recession
discretionary income
social structure
6. Economic policies designed to support business and help it expand.
consumer non-durables
self-service
constructive economic policies
Americorps
7. The total sum of a nation's outstanding debt.
business sector
NAFTA
national debt
prime rate
8. A government-imposed tax on imports.
shopping centre
fake
tariff
duty
9. The different layers within a society e.g. class - income - education.
consumer goods
speciality store
social stratification
market penetration
10. Value of the entire company as expressed by its market capitalization.
shareholder value
consumer non-durables
retail outlet
tariff barriers
11. A period where there is little economic activity - high unemployment and much poverty.
cooperative
depression
target market
customer
12. The skills and knowledge needed to start and run a company.
Maastricht Treaty
entrepreneurship
social stratification
capital spending
13. Goods bought for private use.
inventory shrinkage
not-for-profit
shopping centre
consumer goods
14. Machine for processing sales - taking payments - giving change. Also know as a cash register.
advocacy
new capital investment
Maastricht Treaty
till
15. A collection of shops under one roof with a shared entrance and food area.
competitive
shopping centre
over the counter drug
stakeholder
16. The area of the economy that produces goods and provides services.
FMCG
megamall
duty
business sector
17. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
NAFTA
non-tariff barriers
dealer brands
diversity
18. Products that can hold their own against rival products in terms of price - features or quality.
shareholder value
Fed
competitive
otc drug
19. 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.
niche strategy
AAA
monopoly
capital spending
20. Doing something (performing a process) to make a material ready for your requirments.
processing
TUC
outsourcing
balance of trade
21. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
variety store
stock turnover
allocation
inventory
22. A financial instrument that facilitates payment from one currency to another.
foreign exchange
national debt
stockroom
processing
23. Regular fluctuations in overall economic activity over time.
questionable payments
volunteer
money supply
business cycle
24. A company's main products - e.g. Opel's core product is cars.
depression
volunteer
core products
public-private partnership
25. A person who works for someone else in exchange for payment.
unemployment rate
employee
benchmarking
manufacturing
26. The amount of wealth - money - comfort etc that a particular person - group or society has.
sustainable
speciality store
CBD
standard of living
27. When a small number of companies control a certain market.
public-private partnership
store loyalty
oligopoly
GDP
28. Obstacles to international trade based on customs tariffs.
CBI
tariff barriers
constructive economic policies
tax haven
29. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
shareholder value
business cycle
FMCG
loyalty card
30. A consultation document that sets out the government's position on a certain issue.
open source
self-service
Green paper
NIMBY
31. Development which can be done without harming the environment or natural resources.
economic growth
factors of production
counterfeit
sustainable development
32. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
market skimming
advertising
speciality store
open-market operations
33. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
TUC
dealer brands
infringement
inventory management
34. Someone who does something without being paid for it - e.g. working for a charity.
advertising
volunteer
cooperative
investment
35. The support of a cause.
customer
allocation
infringement
advocacy
36. The hub of retailing in a city - where the most office buildings and retail stores are.
budget deficit
store
width of assortment
central business district
37. The difference between merchandise costs and retail selling price.
business sector
customs
markup
assessment
38. The sum of money invested in new or additional equipment.
shareholder value
new capital investment
core products
sustainable development
39. The rate of interest at which US banks lend money to their best corporate customers.
bulk discount
public-private partnership
trademark
prime rate
40. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
direct selling
quota
social stratification
questionable payments
41. Central Business District - the largest retail and office area of a city - also known as downtown
NGOs
CBD
export controls
social structure
42. Something that is bought without being planned for.
shopping centre
FDI
discretionary income
impulse purchase
43. Imitating another company's ideas rather than developing your own.
household sector
depression
over the counter drug
copycat
44. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
copyright
non-tariff barriers
store loyalty
market skimming
45. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
restrictive economic policies
loyalty card
department store
intellectual property
46. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
mortgage
national debt
household sector
oligopoly
47. A tax imposed on imports by the customs authority of a country.
central business district
White paper
investment
duty
48. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
NIMBY
FMCG
employee
market skimming
49. An extremely adverse environmental condition.
Fed
shopping centre
quota
blight
50. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
trade surplus
mission statement
EPOS
copyright