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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 computerised stock-control system which reorders stock automatically when it reaches a certain level.






2. The way in which a company is controlled.






3. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






4. 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.






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






6. A period of decline in economic activity.






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






8. When budget spending exceeds revenue.






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






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






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






12. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






13. A self-service food store with grocery - meat and produce departments.






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. The support of a cause.






16. A minimum income level below which people are officially poor.






17. 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.






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






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






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






21. Doing something (performing a process) to make a material ready for your requirments.






22. Items in a store which have not sold for a longer period of time.






23. A period of very high economic activity.






24. The difference between merchandise costs and retail selling price.






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






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






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






28. A period of shrinking economic activity.






29. A shop or store.






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






31. 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.






32. An extremely adverse environmental condition.






33. Something which is a copy or imitation.






34. Government policies to cool down an economy and prevent inflation during boom periods.






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






36. A country's exports minus its imports.






37. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






38. When a private company provides a public service in agreement with a government or council.






39. Obstacles to international trade based on customs tariffs.






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






41. Central Business District - the largest retail and office area of a city - also known as downtown






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






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






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






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






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






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






48. A voluntary sector or charity sector organization.






49. 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.






50. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.