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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. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






2. A period of economic expansion.






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






4. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.






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






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






7. 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.






8. Something which is a copy or imitation.






9. An extremely adverse environmental condition.






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






11. How companies try to show their products as being different from those of their rivals.






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






13. The process of turning raw materials and parts into finished products.






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






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






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






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






18. A shop or store.






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






20. When a small number of companies control a certain market.






21. Something that is bought without being planned for.






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






23. Multiple retail units under common ownership.






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






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






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






27. An owner of shares or stocks in a company.






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






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






30. American Federation of Labour / Association of Industrial Organizations






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






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






33. The right to live in a home on a long-term tenancy.






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






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






36. A card payment system where the cost of goods or services is immediately removed from a bank account.






37. Focusing on a more specific line of products or services in comparison to competitors.






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






39. The total amount of money in circulation in a country.






40. When governments try to stabilize economic activities by funding major projects from budget deficits.






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






42. A period of very high economic activity.






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






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






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






46. Regular fluctuations in overall economic activity over time.






47. Trade Union Congress.






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






49. Shows the flows of money into and out of a country plus transfer payments.






50. System in which good or services are exchanged for other goods or services rather than cash.