Test your basic knowledge |

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






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






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






4. Organization for Economic Cooperation and Development






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






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






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






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






9. When the exports a country makes exceed the imports.






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






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






12. Patterns of relationships between different groups of society.






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






14. Consumer goods that have a short life span - e.g. food or paper tissues.






15. A consultation document that sets out the government's position on a certain issue.






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






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






18. Shows the flows of money into and out of a country plus transfer payments.






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






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






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






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






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






24. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






25. The number of times during a period a business sells its inventory and replaces it.






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






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






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






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






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






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






32. Value of the entire company as expressed by its market capitalization.






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






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






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






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






37. Distribution of anything for use - including time or money.






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






39. Machine for processing sales - giving change in a shop or restaurant.






40. Goods bought for private use.






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






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






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






44. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






45. 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.






46. The skills and knowledge needed to start and run a company.






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






48. The violation of a law or right.






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






50. A period of shrinking economic activity.