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






2. 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.






3. The legal right of the owner of a work over its control and distribution.






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






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






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






7. Organization for Economic Cooperation and Development






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






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






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






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






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






13. The variety of goods that a retailer sells.






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






15. Statement of policy issued by a government which may form the basis of a future law.






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






17. An individual or company buying from someone.






18. The rare situation when budget spending is smaller than revenue.






19. 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.






20. The number of times during a period a business sells its inventory and replaces it.






21. Goods bought for private use.






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






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






24. The total sum of goods and services in demand.






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






26. When the exports a country makes exceed the imports.






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






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






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






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






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






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






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






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






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






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






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






38. The money a state earns via taxation.






39. The percentage of a household's income that is saved.






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






41. Multiple retail units under common ownership.






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






43. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






44. Process of communicating back and forth until an agreement has been reached.






45. A tax imposed on imports by the customs authority of a country.






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






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






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






49. Something that is required by law.






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