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Business English Vocab Test
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Subjects
:
business-skills
,
english
,
vocabulary
Instructions:
Answer 50 questions in 15 minutes.
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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. The purchase of a financial product or other item of value with the hope that it will become more valuable.
investment
megamall
EPOS
speciality store
2. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?
discretionary income
PPP
loyalty card
store
3. Focusing on a more specific line of products or services in comparison to competitors.
assessment
embargo
copyright
niche strategy
4. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
copyright
automatic reordering system
target market
poverty line
5. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.
capital spending
inventory turnover
business cycle
GDP
6. Value of the entire company as expressed by its market capitalization.
allocation
dealer brands
shareholder value
embargo
7. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
OECD
sustainable
otc drug
dealer brands
8. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
WTO
inventory shrinkage
boom
till
9. Machine for processing sales - taking payments - giving change. Also know as a cash register.
capital spending
outsourcing
till
quota
10. The checking - ordering & processing of stock levels.
supplier
inventory management
CPI
product differentiation
11. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.
governance
current account
sustainability
store loyalty
12. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
fake
impulse purchase
savings rate
inventory
13. The different layers within a society e.g. class - income - education.
social stratification
width of assortment
employee
myopic perspective
14. Economic policies that use money e.g. interest rates or money supply as the major instruments.
cooperative
in-stock
monetary policies
myopic perspective
15. A person or organization which receives money from a charity.
inventory shrinkage
beneficiary
market skimming
stockroom
16. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
inventory shrinkage
TUC
shopping centre
compliance
17. The skills and knowledge needed to start and run a company.
supermarket
otc drug
entrepreneurship
negotiation
18. A large retail unit selling a wide variety of goods in separate departments.
debit-card system
stakeholder
department store
intellectual property
19. When governments try to stabilize economic activities by funding major projects from budget deficits.
consumer durables
sanctions
supplier
deficit spending
20. When a company reduces their output during a recession they have excess or idle capacity.
retail outlet
dealer brands
idle capacity
boom
21. Machine for processing sales - giving change in a shop or restaurant.
checkout
stakeholder
diversity
advocacy
22. A shop or store.
shareholder value
dealer brands
intellectual property
retail outlet
23. An owner of shares or stocks in a company.
shareholder
debit-card system
EPOS
mission statement
24. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
societal
business cycle
GDP
inventory shrinkage
25. A medicine which is available without first getting a prescription from a doctor.
supplier
over the counter drug
assessment
retail outlet
26. Refers to the number of distinct goods or services a retailer offers.
infringement
width of assortment
boom
shopping centre
27. Products that can hold their own against rival products in terms of price - features or quality.
new capital investment
impulse purchase
grease payments
competitive
28. A small owner-operated store serving a local community.
mission statement
currency hedging
mom-and-pop store
CBD
29. Business wholly owned by its employees with the emphasis on group decision making.
cooperative
tax haven
freehold
export controls
30. A person or company from whom goods or services are bought.
social stratification
TUC
department store
supplier
31. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
stakeholder
benchmarking
inventory management
protectionism
32. The support of a cause.
advocacy
in-stock
RPI
market skimming
33. A retailer that concentrates on selling one particular type of good.
speciality store
copycat
store
currency hedging
34. Central Business District - the largest retail and office area of a city - also known as downtown
megamall
CBD
vending machine
PPP
35. A collection of shops under one roof with a shared entrance and food area.
supermarket
Green paper
tax revenue
shopping centre
36. A financial instrument that facilitates payment from one currency to another.
assessment
vending machine
unemployment rate
foreign exchange
37. A consultation document that sets out the government's position on a certain issue.
mission statement
questionable payments
balance of payments
Green paper
38. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
FDI
sustainable development
copycat
retail outlet
39. Items sold in a store during a certain period measuring in number of units or value.
shareholder value
stock turnover
currency hedging
employee
40. Organization for Economic Cooperation and Development
protectionism
shelf warmer
OECD
budget deficit
41. An economic sanction that forbids the import of a specific product or all products from a specific country.
fiscal policies
embargo
grease payments
customer
42. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
tax haven
megamall
assessment
CPI
43. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
sustainable
questionable payments
market skimming
consumer goods
44. Goods bought and used by companies - such as machines. Also known as capital goods.
beneficiary
shareholder
producer goods
statutory
45. A period where there is little economic activity - high unemployment and much poverty.
dead stock
depression
economic growth
customs
46. The rare situation when budget spending is smaller than revenue.
budget surplus
BPI
FMCG
beneficiary
47. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
social stratification
customs
stakeholder
embargo
48. The number of times during a period a business sells its inventory and replaces it.
inventory turnover
prime rate
market penetration
leasehold
49. Connected with society and the way it is organized.
societal
markup
benchmarking
in-stock
50. A government-imposed tax on imports.
tariff
allocation
cooperative
recession
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