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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. An individual or company buying from someone.






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






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






4. 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.






5. Volunteer organization for young - disadvantaged Americans.






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






7. Economic policies designed to support business and help it expand.






8. When the imports into a country exceed the exports going out of a country.






9. When a company reduces their output during a recession they have excess or idle capacity.






10. A country's exports minus its imports.






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






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






13. A test or way of measuring something.






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






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






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






17. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






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






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






20. Something which is a copy or imitation.






21. Business wholly owned by its employees with the emphasis on group decision making.






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






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






24. When a customer regularly uses a store they know - like and trust.






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






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






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






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






29. A period where there is little economic activity - high unemployment and much poverty.






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






31. The support of a cause.






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






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






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






35. 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.






36. A government-imposed tax on imports.






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






38. A voluntary sector or charity sector organization.






39. A retail outlet.






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






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






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






43. The Federal Reserve - the US central banking system.






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






45. The amount of wealth - money - comfort etc that a particular person - group or society has.






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






47. Multiple retail units under common ownership.






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






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






50. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.