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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 person or company from whom goods or services are bought.






2. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






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






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






5. A retailer that concentrates on selling one particular type of good.






6. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






7. Agreement that provided the basis for the formation of the European Union.






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






9. 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.






10. A test or way of measuring something.






11. The way in which a company is controlled.






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






13. Confederation of British Industry






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






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






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






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






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






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






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






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






22. The violation of a law or right.






23. A period of economic expansion.






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






25. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






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






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






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






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






30. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






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






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






33. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






34. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






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






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






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






38. The customer group a retailer wants to attract and satisfy.






39. The amount of money a person has left after paying taxes and buying necessities.






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






41. A voluntary sector or charity sector organization.






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






43. Items in a store which have not sold for a longer period of time.






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






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






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






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






48. 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.






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






50. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.







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