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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 minimum income level below which people are officially poor.






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






3. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






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






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






6. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






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






9. The support of a cause.






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






11. Organization for Economic Cooperation and Development






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






13. 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.






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






15. Something which is a copy or imitation.






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






17. American Federation of Labour / Association of Industrial Organizations






18. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






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






20. Relating to cities or built up areas - not the countryside.






21. A period of decline in economic activity.






22. Volunteer organization for young - disadvantaged Americans.






23. A retailer that concentrates on selling one particular type of good.






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






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






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






27. Patterns of relationships between different groups of society.






28. Trade Union Congress.






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






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






31. A medicine which is available without first getting a prescription from a doctor.






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






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






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






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






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






37. Process of communicating back and forth until an agreement has been reached.






38. The money a state earns via taxation.






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






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






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






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






43. A test or way of measuring something.






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






45. Obstacles to international trade based on customs tariffs.






46. A period of economic expansion.






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






48. Confederation of British Industry






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






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







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