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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. Regular fluctuations in overall economic activity over time.






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






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






4. A period of economic expansion.






5. A range of many things or people that are very different from each other.






6. A period of shrinking economic activity.






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






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






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






10. 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.






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






12. Business wholly owned by its employees with the emphasis on group decision making.






13. A tax imposed on imports by the customs authority of a country.






14. A person who works for someone else in exchange for payment.






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






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






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






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






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






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






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






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






23. Sets of specific restraints imposed by governments on international trade.






24. The support of a cause.






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






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






27. Obstacles to international trade other than tariffs.






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






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






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






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






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






33. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






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






35. An area of land which has never been built on.






36. When a private company provides a public service in agreement with a government or council.






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






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






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






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






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






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






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






44. Exclusive ownership of a property for an indefinite period of time.






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






46. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






47. The violation of a law or right.






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






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






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