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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. How companies try to show their products as being different from those of their rivals.






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






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






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






5. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






6. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






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






8. A voluntary sector or charity sector organization.






9. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






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






11. 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.






12. Consumer goods that have a short life span - e.g. food or paper tissues.






13. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






15. A storeroom where items which cannot be put on display are stored.






16. 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.






17. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






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






19. Volunteer organization for young - disadvantaged Americans.






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






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






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






23. A period of economic expansion.






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






25. The legal right of the owner of a work over its control and distribution.






26. American Federation of Labour / Association of Industrial Organizations






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






28. Machine for processing sales - giving change in a shop or restaurant.






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






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






31. The way in which a company is controlled.






32. Obstacles to international trade other than tariffs.






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






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






35. When a price has been cut.






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






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






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






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






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






41. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






42. Imitating another company's ideas rather than developing your own.






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






44. The checking - ordering & processing of stock levels.






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






46. Connected with society and the way it is organized.






47. When a company reduces their output during a recession they have excess or idle capacity.






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






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






50. Patterns of relationships between different groups of society.