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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 government-imposed tax on imports.






2. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






3. The amount of money a person has left after paying taxes and buying necessities.






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






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






6. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






7. A person or company from whom goods or services are bought.






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






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






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






11. An enormous planned shopping centre with hundreds of stores under one roof.






12. real Gross Domestic Product is the level of GDP having been adjusted for inflation.






13. 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.






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






15. The support of a cause.






16. A retail outlet.






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






18. A small owner-operated store serving a local community.






19. A period of shrinking economic activity.






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






21. When budget spending exceeds revenue.






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






23. An economic sanction that forbids the import of a specific product or all products from a specific country.






24. Focusing on a more specific line of products or services in comparison to competitors.






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






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






27. The hub of retailing in a city - where the most office buildings and retail stores are.






28. An extremely adverse environmental condition.






29. Volunteer organization for young - disadvantaged Americans.






30. A reduction in price offered when buying an item in higher quantities.






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






32. A test or way of measuring something.






33. Usually software where the source code is made freely available for all users to change as they see fit.






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






35. When the imports into a country exceed the exports going out of a country.






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






37. Something that is bought without being planned for.






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






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






40. Obstacles to international trade based on customs tariffs.






41. Someone who does something without being paid for it - e.g. working for a charity.






42. A consultation document that sets out the government's position on a certain issue.






43. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






44. A shop or store.






45. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






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






47. Something which is a copy or imitation.






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






49. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






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