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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. The percentage of a household's income that is saved.






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






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






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






5. Goods bought and used by companies - such as machines. Also known as capital goods.






6. A medicine which is available without first getting a prescription from a doctor.






7. The balance between interest rates and the demand for money.






8. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






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






10. A way of measuring performance by comparing a company to similar ones.






11. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






12. A retailer that concentrates on selling one particular type of good.






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






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






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






16. The purchase of a financial product or other item of value with the hope that it will become more valuable.






17. Giving people the freedom to decide things and take responsibility for themselves.






18. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






19. Refers to the number of distinct goods or services a retailer offers.






20. A large - long-term loan taken out to pay for a house.






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






22. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






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






24. Economic policies that use money e.g. interest rates or money supply as the major instruments.






25. Items which a shop has and are available to buy.






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






27. Hiring an external company to perform tasks for a company and reduce costs.






28. A government-imposed tax on imports.






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






30. A test or way of measuring something.






31. Obstacles to international trade other than tariffs.






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






33. A period of decline in economic activity.






34. An extremely adverse environmental condition.






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






36. Involving the use of natural resources and energy in a way that does not harm the environment.






37. A period where there is little economic activity - high unemployment and much poverty.






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






39. Exclusive ownership of a property for an indefinite period of time.






40. 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?






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






42. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






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






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






45. Buying currency options that fix exchange rates for a period of time.






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






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






48. Obstacles to international trade based on customs tariffs.






49. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






50. The violation of a law or right.