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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. A collection of shops under one roof with a shared entrance and food area.
shopping centre
EDI
RPI
statutory
2. When a small number of companies control a certain market.
oligopoly
business sector
blight
customs
3. The rate of interest at which US banks lend money to their best corporate customers.
entrepreneurship
unemployment rate
prime rate
OECD
4. Meeting accepted guidelines or laws.
compliance
shareholder
sustainable
entrepreneurship
5. A retailer that concentrates on selling one particular type of good.
department store
negative equity
tax revenue
speciality store
6. The amount of wealth - money - comfort etc that a particular person - group or society has.
FMCG
standard of living
subsidy
prime rate
7. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
cooperative
direct selling
Nominal GDP
dead stock
8. A card payment system where the cost of goods or services is immediately removed from a bank account.
width of assortment
CBI
debit-card system
mom-and-pop store
9. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
savings rate
inventory
NGOs
counterfeit
10. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
greenbelt
OECD
advocacy
blight
11. Payments made like a bribe to encourage an official to allow something or get something done.
convenience store
grease payments
loyalty card
shelf warmer
12. American Federation of Labour / Association of Industrial Organizations
real GDP
AFL/CIO
niche strategy
Americorps
13. Economic policies designed to support business and help it expand.
constructive economic policies
competitive
sanctions
balance of payments
14. A test or way of measuring something.
assessment
till
infringement
negative equity
15. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
EDI
store loyalty
protectionism
aggregate demand
16. A period of economic expansion.
Maastricht Treaty
fake
bulk discount
upswing
17. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
household sector
store
real GDP
statutory
18. A minimum income level below which people are officially poor.
poverty line
inventory management
tax revenue
negotiation
19. Value of the entire company as expressed by its market capitalization.
loyalty card
GDP
niche strategy
shareholder value
20. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
intellectual property
department store
savings rate
customer
21. A government-imposed tax on imports.
tariff
CBD
current account
recession
22. A country's exports minus its imports.
fake
balance of trade
in-stock
public-private partnership
23. Government policies to cool down an economy and prevent inflation during boom periods.
restrictive economic policies
supply chain
foreign exchange
negative equity
24. The sum of money invested in new or additional equipment.
new capital investment
dead stock
width of assortment
balance of payments
25. Imitating another company's ideas rather than developing your own.
copycat
trademark
stakeholder
AAA
26. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
trade surplus
economic growth
supplier
boom
27. 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.
open-market operations
balance of payments
stockroom
capital spending
28. A reduction in the selling price of an item in order to increase sales.
negative equity
markdown
stock turnover
factors of production
29. A person or company from whom goods or services are bought.
depth of assortment
supplier
tax haven
market skimming
30. Usually software where the source code is made freely available for all users to change as they see fit.
aggregate demand
open source
markdown
benchmarking
31. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
RPI
sustainable development
tariff barriers
supermarket
32. When budget spending exceeds revenue.
direct selling
NAFTA
budget deficit
outsourcing
33. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
sustainable development
Maastricht Treaty
Nominal GDP
loyalty card
34. Trade Union Congress.
customer
beneficiary
TUC
sanctions
35. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
open-market operations
market penetration
advertising
fiscal policies
36. The right to live in a home on a long-term tenancy.
leasehold
GDP
checkout
store loyalty
37. Giving people the freedom to decide things and take responsibility for themselves.
automatic reordering system
greenfield site
foreign exchange
empowerment
38. The difference between merchandise costs and retail selling price.
Maastricht Treaty
supermarket
markup
greenbelt
39. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
supplier
CPI
inventory shrinkage
depth of assortment
40. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
shareholder
open-market operations
direct selling
greenbelt
41. Agreement that provided the basis for the formation of the European Union.
business sector
Maastricht Treaty
economic growth
oligopoly
42. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
idle capacity
competitive
mom-and-pop store
convenience store
43. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
dealer brands
store loyalty
negotiation
discretionary income
44. Something which is a copy or imitation.
manufacturing
tariff
fake
GDP
45. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
infringement
consumer goods
megamall
WTO
46. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
NIMBY
depth of assortment
trademark
protectionism
47. Statement of policy issued by a government which may form the basis of a future law.
White paper
customs
boom
NIMBY
48. The total sum of goods and services in demand.
fiscal policies
negative equity
counterfeit
aggregate demand
49. Consumer goods that have a long life span - e.g. furniture.
blight
consumer durables
intellectual property
competitive
50. A reduction in price offered when buying an item in higher quantities.
impulse purchase
bulk discount
governance
sustainable development