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






2. 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.






3. Imitating another company's ideas rather than developing your own.






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






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






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






7. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






8. 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.






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






10. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






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






12. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






13. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






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






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






16. A period of economic expansion.






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






18. When the imports into a country exceed the exports going out of a country.






19. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






20. The checking - ordering & processing of stock levels.






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






22. Something that is required by law.






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






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






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






26. The money a state earns via taxation.






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






28. 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.






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






30. 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.






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






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






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






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






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






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






37. The variety of goods that a retailer sells.






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






39. The number of times during a period a business sells its inventory and replaces it.






40. Something that is bought without being planned for.






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






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






43. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






44. The right to live in a home on a long-term tenancy.






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






46. A government-imposed tax on imports.






47. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.






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






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






50. A sign or symbol used by a company such as the Nike swish logo which is protected by law.