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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 person or company from whom goods or services are bought.






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






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






4. Payments made like a bribe to encourage an official to allow something or get something done.






5. A retail outlet.






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






7. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






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






9. A period of shrinking economic activity.






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






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






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






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






14. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






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






16. Patterns of relationships between different groups of society.






17. Organization for Economic Cooperation and Development






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






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






20. A country's exports minus its imports.






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






22. Economic policies designed to support business and help it expand.






23. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






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






25. 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.






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






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






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






29. A voluntary sector or charity sector organization.






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






31. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






32. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.






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






34. A period of economic expansion.






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






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






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






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






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






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






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






42. Obstacles to international trade other than tariffs.






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






44. An individual or company buying from someone.






45. A government-imposed tax on imports.






46. The right to live in a home on a long-term tenancy.






47. The total sum of a nation's outstanding debt.






48. Financial aid by the government to an individual or group to support an activity that is in the public interest.






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






50. A large - long-term loan taken out to pay for a house.