Test your basic knowledge |

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 period of economic expansion.






2. Doing something (performing a process) to make a material ready for your requirments.






3. The skills and knowledge needed to start and run a company.






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






5. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






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






7. A person or company from whom goods or services are bought.






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






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






10. The process of turning raw materials and parts into finished products.






11. An individual or company buying from someone.






12. 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.






13. A test or way of measuring something.






14. Trade Union Congress.






15. Multiple retail units under common ownership.






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






17. Something that is bought without being planned for.






18. Development which can be done without harming the environment or natural resources.






19. Something that is required by law.






20. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






21. Business wholly owned by its employees with the emphasis on group decision making.






22. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.






23. Volunteer organization for young - disadvantaged Americans.






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






25. A self-service food store with grocery - meat and produce departments.






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






27. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






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






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






30. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






31. A company's main products - e.g. Opel's core product is cars.






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






33. When budget spending exceeds revenue.






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






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






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






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






38. 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.






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






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






41. The legal right of the owner of a work over its control and distribution.






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






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






44. Involving the use of natural resources and energy in a way that does not harm the environment.






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






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






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






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






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






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.







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests