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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 retailer that concentrates on selling one particular type of good.






2. The violation of a law or right.






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






4. Trade Union Congress.






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






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






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






8. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






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






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






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






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






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






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






15. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






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






17. 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.






18. 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.






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






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






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






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






23. The system of organizations involved in moving a product from manufacturer to customer.






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






25. The rate of interest at which US banks lend money to their best corporate customers.






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






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






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






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






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






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






32. The Federal Reserve - the US central banking system.






33. Products that can hold their own against rival products in terms of price - features or quality.






34. Economic policies that use money e.g. interest rates or money supply as the major instruments.






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






36. The total sum of goods and services in demand.






37. Confederation of British Industry






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






39. A test or way of measuring something.






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






41. A voluntary sector or charity sector organization.






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






43. Patterns of relationships between different groups of society.






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






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






46. The support of a cause.






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






48. A period of decline in economic activity.






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






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