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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. The difference between merchandise costs and retail selling price.
NAFTA
markup
subsidy
barter
2. An extremely adverse environmental condition.
statutory
blight
NGOs
market equilibrium
3. Goods bought and used by companies - such as machines. Also known as capital goods.
fiscal policies
producer goods
customs
store loyalty
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?
width of assortment
grease payments
current account
PPP
5. A retailer that concentrates on selling one particular type of good.
idle capacity
bulk discount
speciality store
oligopoly
6. Machine for processing sales - giving change in a shop or restaurant.
CBI
shelf warmer
processing
checkout
7. Items in a store which have not sold for a longer period of time.
diversity
dead stock
trademark
self-service
8. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
urban
counterfeit
supplier
stakeholder
9. Connected with society and the way it is organized.
societal
width of assortment
deficit spending
dead stock
10. The percentage of a household's income that is saved.
White paper
monopoly
savings rate
unemployment rate
11. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
diversity
NGOs
checkout
constructive economic policies
12. Patterns of relationships between different groups of society.
discontinued
volunteer
NAFTA
social structure
13. An individual or company buying from someone.
real GDP
customer
open-market operations
trademark
14. A reduction in the selling price of an item in order to increase sales.
stockroom
dead stock
markdown
customer
15. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
WTO
unemployment rate
stakeholder
blight
16. Distribution of anything for use - including time or money.
mission statement
allocation
trademark
greenfield site
17. Central Business District - the largest retail and office area of a city - also known as downtown
till
WTO
embargo
CBD
18. The purchase of a financial product or other item of value with the hope that it will become more valuable.
copyright
investment
market skimming
blight
19. The different layers within a society e.g. class - income - education.
chain
over the counter drug
social stratification
automatic reordering system
20. A large retail unit selling a wide variety of goods in separate departments.
department store
convenience store
current account
manufacturing
21. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
questionable payments
volunteer
BPI
societal
22. The amount of wealth - money - comfort etc that a particular person - group or society has.
trade deficit
standard of living
barter
open source
23. An area of land which has never been built on.
producer goods
greenfield site
copyright
inventory management
24. A collection of shops under one roof with a shared entrance and food area.
blight
Nominal GDP
shopping centre
consumer durables
25. A minimum income level below which people are officially poor.
market skimming
GDP
quota
poverty line
26. A card payment system where the cost of goods or services is immediately removed from a bank account.
GDP
chain
debit-card system
blight
27. A government-imposed tax on imports.
freehold
statutory
fiscal policies
tariff
28. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
poverty line
competitive
loyalty card
29. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
market skimming
inventory turnover
copycat
convenience store
30. The hub of retailing in a city - where the most office buildings and retail stores are.
central business district
width of assortment
capital spending
depression
31. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
consumer durables
not-for-profit
RPI
statutory
32. Something which is a copy or imitation.
fake
money supply
loyalty card
supermarket
33. A range of many things or people that are very different from each other.
volunteer
diversity
recession
outsourcing
34. Machine for processing sales - taking payments - giving change. Also know as a cash register.
sanctions
till
depth of assortment
diversity
35. The total sum of goods and services in demand.
aggregate demand
dead stock
oligopoly
compliance
36. A way of measuring performance by comparing a company to similar ones.
core products
benchmarking
balance of payments
public-private partnership
37. A medicine which is available without first getting a prescription from a doctor.
stock turnover
over the counter drug
upswing
OECD
38. Giving people the freedom to decide things and take responsibility for themselves.
empowerment
product differentiation
investment
recession
39. The way in which a company is controlled.
AFL/CIO
governance
new capital investment
discontinued
40. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
GDP
downswing
business sector
national debt
41. Something that is bought without being planned for.
impulse purchase
current account
consumer non-durables
mortgage
42. The balance between interest rates and the demand for money.
leasehold
market equilibrium
depression
societal
43. Regular fluctuations in overall economic activity over time.
business cycle
business sector
social structure
advertising
44. An imitation of a product made with the intent to defraud a customer.
negotiation
counterfeit
urban
diversity
45. The checking - ordering & processing of stock levels.
store loyalty
franchising
trade deficit
inventory management
46. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
governance
CBD
FMCG
outsourcing
47. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
bulk discount
tax haven
poverty line
protectionism
48. Financial aid by the government to an individual or group to support an activity that is in the public interest.
Green paper
subsidy
social structure
protectionism
49. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
public-private partnership
till
loyalty card
direct selling
50. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
market penetration
customs
Nominal GDP
OECD