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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. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
direct selling
market skimming
dealer brands
inventory management
2. A period of economic expansion.
consumer goods
sustainability
FDI
upswing
3. The skills and knowledge needed to start and run a company.
entrepreneurship
intellectual property
export controls
RPI
4. When governments try to stabilize economic activities by funding major projects from budget deficits.
public-private partnership
constructive economic policies
deficit spending
reduced
5. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
shelf warmer
business cycle
checkout
prime rate
6. Items sold in a store during a certain period measuring in number of units or value.
intellectual property
stock turnover
target market
barter
7. A retail outlet.
store
barter
manufacturing
downswing
8. Payments made like a bribe to encourage an official to allow something or get something done.
grease payments
governance
public-private partnership
foreign exchange
9. The percentage of a household's income that is saved.
Green paper
niche strategy
household sector
savings rate
10. The amount of wealth - money - comfort etc that a particular person - group or society has.
protectionism
freehold
standard of living
markdown
11. The customer group a retailer wants to attract and satisfy.
target market
entrepreneurship
market skimming
questionable payments
12. A financial instrument that facilitates payment from one currency to another.
not-for-profit
width of assortment
boom
foreign exchange
13. 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.
mission statement
customer
economic growth
intellectual property
14. Refers to the number of distinct goods or services a retailer offers.
dealer brands
debit-card system
EPOS
width of assortment
15. System in which good or services are exchanged for other goods or services rather than cash.
protectionism
barter
Maastricht Treaty
NAFTA
16. The total amount of money in circulation in a country.
export controls
shelf warmer
money supply
diversity
17. The support of a cause.
oligopoly
myopic perspective
megamall
advocacy
18. 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.
diversity
otc drug
customs
self-service
19. How companies try to show their products as being different from those of their rivals.
product differentiation
monetary policies
business sector
AFL/CIO
20. The system of organizations involved in moving a product from manufacturer to customer.
not-for-profit
supply chain
otc drug
outsourcing
21. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
subsidy
NGOs
balance of payments
self-service
22. An imitation of a product made with the intent to defraud a customer.
oligopoly
societal
counterfeit
customer
23. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
in-stock
trade deficit
economic growth
balance of payments
24. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
markup
competitive
protectionism
department store
25. The difference between merchandise costs and retail selling price.
loyalty card
consumer non-durables
markup
Americorps
26. Distribution of anything for use - including time or money.
market skimming
allocation
megamall
shareholder
27. The buying and selling of government securities by a central bank in order to control the money supply.
mom-and-pop store
open-market operations
AFL/CIO
freehold
28. Goods bought for private use.
recession
consumer goods
debit-card system
product differentiation
29. When a small number of companies control a certain market.
savings rate
compliance
intellectual property
oligopoly
30. The checking - ordering & processing of stock levels.
inventory management
negotiation
depression
dead stock
31. Relating to cities or built up areas - not the countryside.
urban
AAA
statutory
markdown
32. Organization for Economic Cooperation and Development
foreign exchange
OECD
subsidy
retail outlet
33. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.
diversity
fiscal policies
money supply
mom-and-pop store
34. 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.
BPI
intellectual property
social structure
market skimming
35. A person who works for someone else in exchange for payment.
benchmarking
negative equity
megamall
employee
36. A storeroom where items which cannot be put on display are stored.
GDP
loyalty card
stockroom
consumer non-durables
37. Agreement that provided the basis for the formation of the European Union.
national debt
Maastricht Treaty
dealer brands
copycat
38. A minimum income level below which people are officially poor.
non-tariff barriers
poverty line
dealer brands
public-private partnership
39. A small owner-operated store serving a local community.
money supply
mom-and-pop store
megamall
blight
40. Meeting accepted guidelines or laws.
trademark
monopoly
supply chain
compliance
41. The legal right of the owner of a work over its control and distribution.
business cycle
copyright
tax revenue
speciality store
42. Products that can hold their own against rival products in terms of price - features or quality.
deficit spending
over the counter drug
niche strategy
competitive
43. When a price has been cut.
reduced
trademark
retail outlet
customer
44. A period of shrinking economic activity.
market penetration
downswing
governance
allocation
45. A voluntary sector or charity sector organization.
urban
not-for-profit
leasehold
mom-and-pop store
46. A self-service food store with grocery - meat and produce departments.
supermarket
stakeholder
volunteer
capital spending
47. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
monetary policies
greenbelt
depression
EPOS
48. A large retail unit selling a wide variety of goods in separate departments.
department store
tariff
market equilibrium
inventory shrinkage
49. Someone who does something without being paid for it - e.g. working for a charity.
volunteer
export controls
target market
trade deficit
50. 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?
speciality store
consumer durables
fake
PPP