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






2. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






3. A period of economic expansion.






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






5. 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.






6. A test or way of measuring something.






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






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






9. When a small number of companies control a certain market.






10. Agreement that provided the basis for the formation of the European Union.






11. Volunteer organization for young - disadvantaged Americans.






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






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






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






15. Statement of policy issued by a government which may form the basis of a future law.






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






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






18. Distribution of anything for use - including time or money.






19. When budget spending exceeds revenue.






20. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






21. When governments try to stabilize economic activities by funding major projects from budget deficits.






22. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






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






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






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






26. Obstacles to international trade other than tariffs.






27. A financial instrument that facilitates payment from one currency to another.






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






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






30. 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.






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






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






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






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






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






36. When the amount borrowed to pay for a home is now more than the property is actually worth.






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






38. When a price has been cut.






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






40. Something which is a copy or imitation.






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






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






43. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.






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






45. The buying and selling of government securities by a central bank in order to control the money supply.






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






47. A period of decline in economic activity.






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






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






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