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






2. An individual or company buying from someone.






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






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






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






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






7. The buying and selling of government securities by a central bank in order to control the money supply.






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






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






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






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






12. Volunteer organization for young - disadvantaged Americans.






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






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






15. A test or way of measuring something.






16. Exclusive ownership of a property for an indefinite period of time.






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






18. A period of very high economic activity.






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






20. Government policies to cool down an economy and prevent inflation during boom periods.






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






22. A government-imposed tax on imports.






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






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






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






26. A country's exports minus its imports.






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






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






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






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






31. When the amount borrowed to pay for a home is now more than the property is actually worth.






32. An enormous planned shopping centre with hundreds of stores under one roof.






33. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






34. A period of decline in economic activity.






35. Consumer goods that have a short life span - e.g. food or paper tissues.






36. A reduction in the selling price of an item in order to increase sales.






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






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






39. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






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






41. The skills and knowledge needed to start and run a company.






42. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






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






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






45. The violation of a law or right.






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






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






48. The money a state earns via taxation.






49. A self-service food store with grocery - meat and produce departments.






50. An extremely adverse environmental condition.