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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. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
customer
EDI
entrepreneurship
money supply
2. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
checkout
direct selling
markdown
stakeholder
3. Exclusive ownership of a property for an indefinite period of time.
myopic perspective
megamall
freehold
depth of assortment
4. Hiring an external company to perform tasks for a company and reduce costs.
consumer non-durables
poverty line
markdown
outsourcing
5. A government-imposed tax on imports.
restrictive economic policies
tariff
shelf warmer
stakeholder
6. The resources used to produce goods and services - including land - labour - business and capital.
depression
barter
upswing
factors of production
7. Something that is bought without being planned for.
boom
impulse purchase
public-private partnership
counterfeit
8. Giving people the freedom to decide things and take responsibility for themselves.
empowerment
direct selling
store loyalty
social stratification
9. Refers to the number of distinct goods or services a retailer offers.
counterfeit
sustainability
investment
width of assortment
10. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
intellectual property
manufacturing
shareholder value
investment
11. System in which good or services are exchanged for other goods or services rather than cash.
employee
negative equity
downswing
barter
12. Involving the use of natural resources and energy in a way that does not harm the environment.
central business district
sustainable
investment
monopoly
13. A card payment system where the cost of goods or services is immediately removed from a bank account.
BPI
constructive economic policies
export controls
debit-card system
14. Organization for Economic Cooperation and Development
social structure
budget deficit
OECD
real GDP
15. Regular fluctuations in overall economic activity over time.
business cycle
retail outlet
intellectual property
allocation
16. A consultation document that sets out the government's position on a certain issue.
constructive economic policies
AAA
Green paper
greenbelt
17. Relating to cities or built up areas - not the countryside.
budget deficit
urban
FMCG
stockroom
18. Trade Union Congress.
TUC
recession
dealer brands
entrepreneurship
19. A person or organization which receives money from a charity.
core products
beneficiary
OECD
Americorps
20. The amount of money a person has left after paying taxes and buying necessities.
not-for-profit
discretionary income
capital spending
sustainable development
21. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
tax revenue
dealer brands
supermarket
protectionism
22. Machine for processing sales - giving change in a shop or restaurant.
current account
checkout
monetary policies
tariff
23. When a price has been cut.
bulk discount
reduced
PPP
chain
24. The way in which a company is controlled.
loyalty card
counterfeit
AAA
governance
25. Central Business District - the largest retail and office area of a city - also known as downtown
mom-and-pop store
freehold
processing
CBD
26. A financial instrument that facilitates payment from one currency to another.
foreign exchange
constructive economic policies
loyalty card
export controls
27. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
greenbelt
direct selling
AAA
store
28. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
allocation
balance of payments
WTO
factors of production
29. When budget spending exceeds revenue.
budget deficit
real GDP
downswing
market equilibrium
30. Economic policies designed to support business and help it expand.
NIMBY
trademark
fake
constructive economic policies
31. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
myopic perspective
sanctions
real GDP
vending machine
32. Process of communicating back and forth until an agreement has been reached.
NIMBY
open source
negotiation
RPI
33. Someone who does something without being paid for it - e.g. working for a charity.
monopoly
loyalty card
volunteer
FDI
34. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
EPOS
urban
loyalty card
reduced
35. A storeroom where items which cannot be put on display are stored.
real GDP
factors of production
downswing
stockroom
36. 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.
mortgage
inventory
boom
fiscal policies
37. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
embargo
automatic reordering system
NAFTA
stockroom
38. When a customer regularly uses a store they know - like and trust.
White paper
governance
restrictive economic policies
store loyalty
39. Shows the flows of money into and out of a country plus transfer payments.
not-for-profit
advertising
RPI
balance of payments
40. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
national debt
trademark
trade surplus
grease payments
41. Focusing on a more specific line of products or services in comparison to competitors.
franchising
vending machine
niche strategy
Americorps
42. Consumer goods that have a short life span - e.g. food or paper tissues.
consumer non-durables
tax haven
societal
idle capacity
43. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.
franchising
counterfeit
vending machine
fake
44. Agreement that provided the basis for the formation of the European Union.
FDI
Maastricht Treaty
blight
beneficiary
45. The total sum of goods and services in demand.
subsidy
aggregate demand
trade surplus
manufacturing
46. A way of measuring performance by comparing a company to similar ones.
Maastricht Treaty
till
FDI
benchmarking
47. A retailer that concentrates on selling one particular type of good.
speciality store
market penetration
consumer durables
stakeholder
48. The buying and selling of government securities by a central bank in order to control the money supply.
export controls
currency hedging
factors of production
open-market operations
49. A reduction in price offered when buying an item in higher quantities.
balance of trade
real GDP
assessment
bulk discount
50. The total sum of a nation's outstanding debt.
Fed
consumer durables
direct selling
national debt