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. When a price has been cut.






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






4. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






5. Items which a shop has and are available to buy.






6. System in which good or services are exchanged for other goods or services rather than cash.






7. The system of organizations involved in moving a product from manufacturer to customer.






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






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






10. Agreement that provided the basis for the formation of the European Union.






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






12. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.






13. A small owner-operated store serving a local community.






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






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






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






17. A shop or store.






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






19. An economic sanction that forbids the import of a specific product or all products from a specific country.






20. A large - long-term loan taken out to pay for a house.






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






22. An item which is no longer produced by a manufacturer or sold by a retailer.






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






24. Obstacles to international trade other than tariffs.






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






26. An individual or company buying from someone.






27. Something that is required by law.






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






29. Trade Union Congress.






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






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






32. Patterns of relationships between different groups of society.






33. A period of economic expansion.






34. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






35. The difference between merchandise costs and retail selling price.






36. A period of very high economic activity.






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






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






39. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






40. Multiple retail units under common ownership.






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






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






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






44. The rate of interest at which US banks lend money to their best corporate customers.






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






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






48. Volunteer organization for young - disadvantaged Americans.






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






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