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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. Goods bought for private use.






2. Economic policies that use money e.g. interest rates or money supply as the major instruments.






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






4. 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.






5. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






6. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






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






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






9. The resources used to produce goods and services - including land - labour - business and capital.






10. A period of economic expansion.






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






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






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






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






15. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






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






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






18. A test or way of measuring something.






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






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






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






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






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






24. Involving the use of natural resources and energy in a way that does not harm the environment.






25. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






26. A period of decline in economic activity.






27. real Gross Domestic Product is the level of GDP having been adjusted for inflation.






28. An individual or company buying from someone.






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






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






31. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






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






33. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






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






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






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






37. A period of shrinking economic activity.






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






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






40. The legal right of the owner of a work over its control and distribution.






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






42. Giving people the freedom to decide things and take responsibility for themselves.






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






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






45. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






46. An extremely adverse environmental condition.






47. 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.






48. Consumer goods that have a long life span - e.g. furniture.






49. Confederation of British Industry






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







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