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






2. The sum of money invested in new or additional equipment.






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






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






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






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






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






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






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






10. A period of very high economic activity.






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






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






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






14. The right to live in a home on a long-term tenancy.






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






16. Consumer goods that have a long life span - e.g. furniture.






17. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.






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






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






20. Confederation of British Industry






21. 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?






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






23. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






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






25. The violation of a law or right.






26. 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.






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






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






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






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






31. A range of many things or people that are very different from each other.






32. A person or organization which receives money from a charity.






33. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






34. A period of economic expansion.






35. A test or way of measuring something.






36. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






37. The area of the economy that produces goods and provides services.






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






39. A government-imposed tax on imports.






40. 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.






41. Products that can hold their own against rival products in terms of price - features or quality.






42. Multiple retail units under common ownership.






43. A reduction in the selling price of an item in order to increase sales.






44. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






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






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






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






48. An owner of shares or stocks in a company.






49. When the exports a country makes exceed the imports.






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