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






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






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






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






5. A reduction in the selling price of an item in order to increase sales.






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






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






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






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






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






11. Machine for processing sales - taking payments - giving change. Also know as a cash register.






12. A test or way of measuring something.






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






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






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






16. The resources used to produce goods and services - including land - labour - business and capital.






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






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






19. A shop or store.






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






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






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






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






24. A minimum income level below which people are officially poor.






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






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






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






28. 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.






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






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






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






32. The way in which a company is controlled.






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






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






35. 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.






36. American Federation of Labour / Association of Industrial Organizations






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






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






39. A collection of shops under one roof with a shared entrance and food area.






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






41. The number of times during a period a business sells its inventory and replaces it.






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






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






44. Regulations that mean permission from the government is required before certain items can be exported.






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






46. The different layers within a society e.g. class - income - education.






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






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






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






50. Volunteer organization for young - disadvantaged Americans.