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






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






3. A government-imposed tax on imports.






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






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






6. A test or way of measuring something.






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






8. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






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






10. Trade Union Congress.






11. Organization for Economic Cooperation and Development






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






13. A voluntary sector or charity sector organization.






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






15. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






16. Volunteer organization for young - disadvantaged Americans.






17. Obstacles to international trade other than tariffs.






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






19. A way of measuring performance by comparing a company to similar ones.






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






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






22. Something that is required by law.






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






24. Goods bought and used by companies - such as machines. Also known as capital goods.






25. Obstacles to international trade based on customs tariffs.






26. A card payment system where the cost of goods or services is immediately removed from a bank account.






27. A person or organization which receives money from a charity.






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






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






30. A company's main products - e.g. Opel's core product is cars.






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






32. When a price has been cut.






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






34. A country's exports minus its imports.






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






36. The amount of money a person has left after paying taxes and buying necessities.






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






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






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






40. Consumer goods that have a long life span - e.g. furniture.






41. An imitation of a product made with the intent to defraud a customer.






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






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






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






45. When a company reduces their output during a recession they have excess or idle capacity.






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






47. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






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






49. The rare situation when budget spending is smaller than revenue.






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