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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 difference between merchandise costs and retail selling price.






2. An extremely adverse environmental condition.






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






4. 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?






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






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






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






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






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






10. The percentage of a household's income that is saved.






11. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






12. Patterns of relationships between different groups of society.






13. An individual or company buying from someone.






14. A reduction in the selling price of an item in order to increase sales.






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






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






17. Central Business District - the largest retail and office area of a city - also known as downtown






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






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






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






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






22. The amount of wealth - money - comfort etc that a particular person - group or society has.






23. An area of land which has never been built on.






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






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






26. A card payment system where the cost of goods or services is immediately removed from a bank account.






27. A government-imposed tax on imports.






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






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






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






31. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






32. Something which is a copy or imitation.






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






34. Machine for processing sales - taking payments - giving change. Also know as a cash register.






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






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






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






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






39. The way in which a company is controlled.






40. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






41. Something that is bought without being planned for.






42. The balance between interest rates and the demand for money.






43. Regular fluctuations in overall economic activity over time.






44. An imitation of a product made with the intent to defraud a customer.






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






46. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






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






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






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






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