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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. Economic policies that use money e.g. interest rates or money supply as the major instruments.
otc drug
monetary policies
stakeholder
standard of living
2. 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.
greenbelt
budget surplus
self-service
vending machine
3. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
sustainability
negative equity
RPI
restrictive economic policies
4. The area of the economy that produces goods and provides services.
retail outlet
markdown
benchmarking
business sector
5. Focusing on a more specific line of products or services in comparison to competitors.
mortgage
stock turnover
niche strategy
trade deficit
6. A country's exports minus its imports.
customer
balance of trade
AAA
unemployment rate
7. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
aggregate demand
market equilibrium
quota
capital spending
8. Financial aid by the government to an individual or group to support an activity that is in the public interest.
debit-card system
store loyalty
infringement
subsidy
9. A storeroom where items which cannot be put on display are stored.
myopic perspective
statutory
stockroom
tariff barriers
10. A large retail unit selling a wide variety of goods in separate departments.
monopoly
trademark
impulse purchase
department store
11. 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.
budget deficit
assessment
fiscal policies
capital spending
12. A shop or store.
tariff barriers
downswing
copycat
retail outlet
13. An area of land which has never been built on.
greenfield site
outsourcing
depression
stockroom
14. System in which good or services are exchanged for other goods or services rather than cash.
barter
employee
markup
balance of trade
15. Multiple retail units under common ownership.
myopic perspective
chain
diversity
Nominal GDP
16. Products that can hold their own against rival products in terms of price - features or quality.
inventory
competitive
AAA
sanctions
17. An individual or company buying from someone.
beneficiary
customer
non-tariff barriers
discretionary income
18. Doing something (performing a process) to make a material ready for your requirments.
sustainable
dealer brands
processing
inventory management
19. When a customer regularly uses a store they know - like and trust.
factors of production
reduced
store loyalty
greenbelt
20. A minimum income level below which people are officially poor.
societal
oligopoly
store
poverty line
21. The total sum of a nation's outstanding debt.
product differentiation
national debt
balance of trade
Fed
22. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
department store
loyalty card
CPI
mission statement
23. Items which a shop has and are available to buy.
manufacturing
shopping centre
in-stock
mission statement
24. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
inventory turnover
FMCG
franchising
markup
25. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
convenience store
myopic perspective
governance
AAA
26. Consumer goods that have a long life span - e.g. furniture.
customer
chain
EPOS
consumer durables
27. A medicine which is available without first getting a prescription from a doctor.
speciality store
over the counter drug
intellectual property
beneficiary
28. 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.
current account
tax haven
currency hedging
assessment
29. Distribution of anything for use - including time or money.
allocation
department store
Fed
new capital investment
30. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
greenfield site
advertising
shelf warmer
budget surplus
31. The violation of a law or right.
Americorps
inventory
convenience store
infringement
32. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
inventory
store
dealer brands
competitive
33. An item which is no longer produced by a manufacturer or sold by a retailer.
discontinued
customs
dead stock
national debt
34. A period of shrinking economic activity.
entrepreneurship
downswing
open source
customs
35. An imitation of a product made with the intent to defraud a customer.
assessment
AAA
counterfeit
inventory
36. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
sustainable
Americorps
shareholder
greenbelt
37. A person who works for someone else in exchange for payment.
unemployment rate
employee
budget deficit
inventory management
38. Payments made like a bribe to encourage an official to allow something or get something done.
grease payments
oligopoly
questionable payments
customs
39. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
direct selling
franchising
beneficiary
recession
40. A reduction in the selling price of an item in order to increase sales.
markdown
export controls
protectionism
White paper
41. The percentage of people who do not have a job.
store loyalty
producer goods
empowerment
unemployment rate
42. Hiring an external company to perform tasks for a company and reduce costs.
outsourcing
mission statement
dealer brands
mom-and-pop store
43. The skills and knowledge needed to start and run a company.
compliance
store
entrepreneurship
quota
44. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
shopping centre
oligopoly
social stratification
45. A way of measuring performance by comparing a company to similar ones.
benchmarking
Americorps
dead stock
chain
46. Regulations that mean permission from the government is required before certain items can be exported.
copycat
consumer durables
export controls
White paper
47. The resources used to produce goods and services - including land - labour - business and capital.
factors of production
supplier
sustainability
WTO
48. When budget spending exceeds revenue.
blight
target market
barter
budget deficit
49. Involving the use of natural resources and energy in a way that does not harm the environment.
inventory management
stakeholder
unemployment rate
sustainable
50. The amount of money a person has left after paying taxes and buying necessities.
discretionary income
otc drug
negative equity
inventory management