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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 small owner-operated store serving a local community.






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






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






4. An economic sanction that forbids the import of a specific product or all products from a specific country.






5. 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?






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






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






8. Multiple retail units under common ownership.






9. A way of measuring performance by comparing a company to similar ones.






10. A country's exports minus its imports.






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






12. The sum of money invested in new or additional equipment.






13. The purchase of a financial product or other item of value with the hope that it will become more valuable.






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






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






16. 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.






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






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






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






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






21. Obstacles to international trade other than tariffs.






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






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






24. Someone who does something without being paid for it - e.g. working for a charity.






25. 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.






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






27. A period of very high economic activity.






28. Items which a shop has and are available to buy.






29. Regular fluctuations in overall economic activity over time.






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






31. Development which can be done without harming the environment or natural resources.






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






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






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






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






36. Obstacles to international trade based on customs tariffs.






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






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






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






40. Patterns of relationships between different groups of society.






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






42. 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.






43. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






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






45. Confederation of British Industry






46. Government policies to cool down an economy and prevent inflation during boom periods.






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






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






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






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