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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. When a company reduces their output during a recession they have excess or idle capacity.






3. Confederation of British Industry






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






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






6. The rare situation when budget spending is smaller than revenue.






7. A person who works for someone else in exchange for payment.






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






9. Obstacles to international trade based on customs tariffs.






10. Process of communicating back and forth until an agreement has been reached.






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






12. Items sold in a store during a certain period measuring in number of units or value.






13. The total sum of a nation's outstanding debt.






14. 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.






15. A voluntary sector or charity sector organization.






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






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






18. 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.






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






20. Volunteer organization for young - disadvantaged Americans.






21. A government-imposed tax on imports.






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






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






24. A period of shrinking economic activity.






25. Relating to cities or built up areas - not the countryside.






26. When the imports into a country exceed the exports going out of a country.






27. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






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






29. A reduction in price offered when buying an item in higher quantities.






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






31. Economic policies that use money e.g. interest rates or money supply as the major instruments.






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






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






34. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






35. Refers to the number of distinct goods or services a retailer offers.






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






37. The customer group a retailer wants to attract and satisfy.






38. Economic policies designed to support business and help it expand.






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






40. A shop or store.






41. An enormous planned shopping centre with hundreds of stores under one roof.






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






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






44. Sets of specific restraints imposed by governments on international trade.






45. 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.






46. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






47. Someone who does something without being paid for it - e.g. working for a charity.






48. A financial instrument that facilitates payment from one currency to another.






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






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