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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. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
monetary policies
direct selling
target market
EPOS
2. The process of turning raw materials and parts into finished products.
over the counter drug
niche strategy
manufacturing
NAFTA
3. The different layers within a society e.g. class - income - education.
monopoly
trademark
social stratification
supermarket
4. The Federal Reserve - the US central banking system.
Fed
non-tariff barriers
stockroom
OECD
5. Machine for processing sales - taking payments - giving change. Also know as a cash register.
CPI
till
FDI
GDP
6. A medicine which is available without first getting a prescription from a doctor.
discretionary income
over the counter drug
export controls
trade surplus
7. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
unemployment rate
FMCG
upswing
competitive
8. Relating to cities or built up areas - not the countryside.
tax revenue
grease payments
urban
franchising
9. How companies try to show their products as being different from those of their rivals.
vending machine
product differentiation
shareholder value
statutory
10. A period of very high economic activity.
stockroom
boom
department store
blight
11. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
inventory
urban
checkout
discontinued
12. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
negotiation
inventory turnover
market equilibrium
13. System in which good or services are exchanged for other goods or services rather than cash.
barter
business cycle
intellectual property
inventory turnover
14. Involving the use of natural resources and energy in a way that does not harm the environment.
infringement
sustainable
FDI
dealer brands
15. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
monopoly
fiscal policies
reduced
convenience store
16. A large - long-term loan taken out to pay for a house.
mortgage
debit-card system
Nominal GDP
depression
17. When a small number of companies control a certain market.
market skimming
cooperative
oligopoly
stockroom
18. An area of land which has never been built on.
greenfield site
tax revenue
entrepreneurship
assessment
19. A way of measuring performance by comparing a company to similar ones.
department store
central business district
standard of living
benchmarking
20. A consultation document that sets out the government's position on a certain issue.
consumer goods
till
EPOS
Green paper
21. The total sum of goods and services in demand.
reduced
monopoly
EPOS
aggregate demand
22. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
reduced
self-service
customer
market skimming
23. A reduction in the selling price of an item in order to increase sales.
stockroom
fiscal policies
markdown
negative equity
24. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
aggregate demand
depth of assortment
inventory shrinkage
trademark
25. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
store
chain
questionable payments
balance of trade
26. When budget spending exceeds revenue.
quota
budget deficit
EPOS
money supply
27. The hub of retailing in a city - where the most office buildings and retail stores are.
inventory management
tax revenue
central business district
Fed
28. A range of many things or people that are very different from each other.
sustainable development
factors of production
diversity
processing
29. Trade Union Congress.
stockroom
BPI
diversity
TUC
30. A period of decline in economic activity.
economic growth
grease payments
negotiation
recession
31. When the imports into a country exceed the exports going out of a country.
supply chain
trade deficit
idle capacity
allocation
32. A minimum income level below which people are officially poor.
poverty line
supplier
infringement
loyalty card
33. Obstacles to international trade other than tariffs.
non-tariff barriers
recession
standard of living
Fed
34. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
store
protectionism
bulk discount
variety store
35. Items sold in a store during a certain period measuring in number of units or value.
TUC
stock turnover
not-for-profit
discretionary income
36. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
in-stock
upswing
store
myopic perspective
37. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
market penetration
social structure
direct selling
otc drug
38. Distribution of anything for use - including time or money.
idle capacity
constructive economic policies
chain
allocation
39. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
tax haven
shelf warmer
advocacy
social structure
40. An extremely adverse environmental condition.
core products
OECD
blight
volunteer
41. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
tariff
inventory
AAA
Americorps
42. The difference between merchandise costs and retail selling price.
myopic perspective
markup
constructive economic policies
tariff
43. Development which can be done without harming the environment or natural resources.
sustainable development
tariff
advertising
franchising
44. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
convenience store
customer
sustainable
Fed
45. When governments try to stabilize economic activities by funding major projects from budget deficits.
stakeholder
fake
sustainability
deficit spending
46. 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.
idle capacity
investment
fiscal policies
balance of trade
47. Items in a store which have not sold for a longer period of time.
investment
dead stock
core products
open-market operations
48. Consumer goods that have a long life span - e.g. furniture.
markdown
NAFTA
greenbelt
consumer durables
49. A test or way of measuring something.
assessment
poverty line
consumer non-durables
public-private partnership
50. Imitating another company's ideas rather than developing your own.
statutory
copycat
store
societal