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Test your basic knowledge |
Business English Vocab Test
Start Test
Study First
Subjects
:
business-skills
,
english
,
vocabulary
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 period of very high economic activity.
tariff
barter
infringement
boom
2. How companies try to show their products as being different from those of their rivals.
myopic perspective
product differentiation
target market
stock turnover
3. The area of the economy that produces goods and provides services.
business sector
manufacturing
beneficiary
deficit spending
4. Obstacles to international trade based on customs tariffs.
stakeholder
tariff barriers
budget surplus
greenfield site
5. System in which good or services are exchanged for other goods or services rather than cash.
protectionism
discretionary income
barter
NIMBY
6. A country's exports minus its imports.
dealer brands
balance of trade
customer
Fed
7. A tax imposed on imports by the customs authority of a country.
stakeholder
duty
supply chain
tariff barriers
8. The money a state earns via taxation.
tax revenue
capital spending
duty
new capital investment
9. Items which a shop has and are available to buy.
Maastricht Treaty
customs
RPI
in-stock
10. Involving the use of natural resources and energy in a way that does not harm the environment.
business sector
checkout
sustainable
volunteer
11. A way of measuring performance by comparing a company to similar ones.
outsourcing
urban
RPI
benchmarking
12. An area of land which has never been built on.
sustainable
leasehold
greenfield site
supermarket
13. A period where there is little economic activity - high unemployment and much poverty.
negotiation
depression
shareholder value
bulk discount
14. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
AFL/CIO
non-tariff barriers
reduced
15. Confederation of British Industry
market penetration
CBI
debit-card system
self-service
16. Items sold in a store during a certain period measuring in number of units or value.
discretionary income
stock turnover
balance of trade
counterfeit
17. Focusing on a more specific line of products or services in comparison to competitors.
niche strategy
supply chain
producer goods
loyalty card
18. The balance between interest rates and the demand for money.
export controls
market equilibrium
self-service
statutory
19. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
restrictive economic policies
beneficiary
shelf warmer
dealer brands
20. Economic policies designed to support business and help it expand.
Nominal GDP
constructive economic policies
empowerment
advertising
21. Something which is a copy or imitation.
supplier
market penetration
fake
Green paper
22. Distribution of anything for use - including time or money.
mortgage
allocation
infringement
WTO
23. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
sustainability
constructive economic policies
supermarket
FMCG
24. A test or way of measuring something.
benchmarking
debit-card system
assessment
outsourcing
25. When the exports a country makes exceed the imports.
trade surplus
balance of trade
Maastricht Treaty
quota
26. A period of shrinking economic activity.
household sector
NIMBY
Fed
downswing
27. Refers to the number of distinct goods or services a retailer offers.
customer
allocation
shopping centre
width of assortment
28. When a company reduces their output during a recession they have excess or idle capacity.
standard of living
bulk discount
RPI
idle capacity
29. An economic sanction that forbids the import of a specific product or all products from a specific country.
speciality store
upswing
export controls
embargo
30. Regulations that mean permission from the government is required before certain items can be exported.
shelf warmer
export controls
empowerment
outsourcing
31. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
supermarket
core products
volunteer
NGOs
32. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
discontinued
speciality store
statutory
CPI
33. Business wholly owned by its employees with the emphasis on group decision making.
mom-and-pop store
consumer non-durables
cooperative
retail outlet
34. A person or organization which receives money from a charity.
beneficiary
Maastricht Treaty
in-stock
constructive economic policies
35. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.
duty
franchising
leasehold
market penetration
36. Exclusive ownership of a property for an indefinite period of time.
freehold
stock turnover
markdown
direct selling
37. A period of economic expansion.
width of assortment
store loyalty
upswing
sustainable development
38. Buying currency options that fix exchange rates for a period of time.
inventory management
not-for-profit
currency hedging
upswing
39. The legal right of the owner of a work over its control and distribution.
copyright
money supply
allocation
statutory
40. A range of many things or people that are very different from each other.
diversity
new capital investment
beneficiary
national debt
41. The percentage of a household's income that is saved.
speciality store
PPP
consumer non-durables
savings rate
42. A large retail unit selling a wide variety of goods in separate departments.
BPI
department store
market penetration
CBD
43. The violation of a law or right.
infringement
tariff barriers
stakeholder
questionable payments
44. Process of communicating back and forth until an agreement has been reached.
non-tariff barriers
mom-and-pop store
negotiation
trademark
45. An imitation of a product made with the intent to defraud a customer.
embargo
BPI
counterfeit
shareholder value
46. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
current account
fake
RPI
freehold
47. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
grease payments
greenfield site
tax haven
dealer brands
48. The difference between merchandise costs and retail selling price.
EPOS
CBD
markup
freehold
49. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
employee
quota
inventory shrinkage
foreign exchange
50. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
dealer brands
budget deficit
OECD
counterfeit