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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 money a state earns via taxation.
market skimming
subsidy
tax revenue
social structure
2. Something that is required by law.
supplier
social stratification
statutory
PPP
3. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
tax haven
till
real GDP
intellectual property
4. Multiple retail units under common ownership.
non-tariff barriers
urban
chain
new capital investment
5. Agreement that provided the basis for the formation of the European Union.
impulse purchase
Maastricht Treaty
real GDP
mom-and-pop store
6. An imitation of a product made with the intent to defraud a customer.
WTO
mission statement
counterfeit
trade deficit
7. The area of the economy that produces goods and provides services.
vending machine
questionable payments
width of assortment
business sector
8. The total amount of money in circulation in a country.
money supply
duty
tax haven
producer goods
9. The total sum of a nation's outstanding debt.
sustainability
national debt
otc drug
protectionism
10. A period of economic expansion.
recession
quota
duty
upswing
11. Focusing on a more specific line of products or services in comparison to competitors.
niche strategy
sustainability
economic growth
market penetration
12. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
product differentiation
customs
self-service
shareholder value
13. 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.
fake
investment
current account
quota
14. Obstacles to international trade based on customs tariffs.
tariff barriers
processing
fake
market equilibrium
15. The system of organizations involved in moving a product from manufacturer to customer.
allocation
variety store
stakeholder
supply chain
16. The percentage of people who do not have a job.
bulk discount
store
unemployment rate
urban
17. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
stockroom
core products
chain
GDP
18. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
boom
new capital investment
sustainability
factors of production
19. When a price has been cut.
mortgage
reduced
variety store
unemployment rate
20. A person or company from whom goods or services are bought.
dealer brands
discontinued
supplier
employee
21. A reduction in the selling price of an item in order to increase sales.
markdown
Green paper
tax haven
bulk discount
22. The total sum of goods and services in demand.
Maastricht Treaty
aggregate demand
White paper
customs
23. Economic policies that use money e.g. interest rates or money supply as the major instruments.
CBI
open-market operations
trade deficit
monetary policies
24. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
direct selling
CBI
target market
not-for-profit
25. System in which good or services are exchanged for other goods or services rather than cash.
barter
sustainability
advertising
governance
26. A self-service food store with grocery - meat and produce departments.
subsidy
supermarket
mortgage
boom
27. Items which a shop has and are available to buy.
mom-and-pop store
in-stock
mission statement
aggregate demand
28. The customer group a retailer wants to attract and satisfy.
new capital investment
deficit spending
target market
central business district
29. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
tax haven
market penetration
supply chain
grease payments
30. Value of the entire company as expressed by its market capitalization.
shareholder value
balance of payments
impulse purchase
sustainable
31. Machine for processing sales - giving change in a shop or restaurant.
assessment
depth of assortment
checkout
market equilibrium
32. Regular fluctuations in overall economic activity over time.
bulk discount
reduced
copyright
business cycle
33. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
monopoly
reduced
CPI
shelf warmer
34. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
NGOs
tax haven
central business district
idle capacity
35. 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.
shelf warmer
fiscal policies
standard of living
benchmarking
36. A small owner-operated store serving a local community.
monopoly
standard of living
current account
mom-and-pop store
37. Involving the use of natural resources and energy in a way that does not harm the environment.
markup
sustainable
market penetration
quota
38. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
tax revenue
discontinued
governance
EPOS
39. Shows the flows of money into and out of a country plus transfer payments.
balance of payments
poverty line
consumer non-durables
restrictive economic policies
40. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
depression
grease payments
shareholder
loyalty card
41. The skills and knowledge needed to start and run a company.
greenbelt
dealer brands
entrepreneurship
AFL/CIO
42. Financial aid by the government to an individual or group to support an activity that is in the public interest.
Nominal GDP
shareholder
TUC
subsidy
43. The variety of goods that a retailer sells.
otc drug
shareholder
Americorps
depth of assortment
44. The support of a cause.
discontinued
loyalty card
advocacy
urban
45. A large retail unit selling a wide variety of goods in separate departments.
tax revenue
mortgage
unemployment rate
department store
46. Obstacles to international trade other than tariffs.
entrepreneurship
depth of assortment
non-tariff barriers
Green paper
47. A company's main products - e.g. Opel's core product is cars.
inventory shrinkage
core products
copycat
stock turnover
48. A financial instrument that facilitates payment from one currency to another.
AFL/CIO
foreign exchange
sustainable
negotiation
49. Exclusive ownership of a property for an indefinite period of time.
grease payments
supplier
freehold
balance of payments
50. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
mortgage
AAA
grease payments
societal