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






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






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






4. 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?






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






6. A test or way of measuring something.






7. Something that is required by law.






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






9. Patterns of relationships between different groups of society.






10. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






11. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






12. The balance between interest rates and the demand for money.






13. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






14. A period of very high economic activity.






15. Payments made like a bribe to encourage an official to allow something or get something done.






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






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






18. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






19. 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.






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






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






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






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






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






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






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






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






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






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






30. The system of organizations involved in moving a product from manufacturer to customer.






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






32. 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.






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






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






35. A retail outlet.






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






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






38. 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.






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






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






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






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






43. Organization for Economic Cooperation and Development






44. Volunteer organization for young - disadvantaged Americans.






45. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






46. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






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






48. A period of decline in economic activity.






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






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