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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. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






2. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






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






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






5. A reduction in price offered when buying an item in higher quantities.






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






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. A period of economic expansion.






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






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






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






12. A period of decline in economic activity.






13. Hiring an external company to perform tasks for a company and reduce costs.






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






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






16. The variety of goods that a retailer sells.






17. Obstacles to international trade based on customs tariffs.






18. Confederation of British Industry






19. Focusing on a more specific line of products or services in comparison to competitors.






20. Goods bought for private use.






21. A test or way of measuring something.






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






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






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






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






26. The money a state earns via taxation.






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






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






29. A small owner-operated store serving a local community.






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






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






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






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






34. 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.






35. A retail outlet.






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






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






38. The violation of a law or right.






39. The percentage of people who do not have a job.






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






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






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






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






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






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






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






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






48. Items sold in a store during a certain period measuring in number of units or value.






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






50. American Federation of Labour / Association of Industrial Organizations