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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. An individual or company buying from someone.






2. Organization for Economic Cooperation and Development






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






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






5. Regular fluctuations in overall economic activity over time.






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






7. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






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






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






10. The support of a cause.






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






12. A card payment system where the cost of goods or services is immediately removed from a bank account.






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






14. The amount of wealth - money - comfort etc that a particular person - group or society has.






15. When a company reduces their output during a recession they have excess or idle capacity.






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






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






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






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






20. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






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






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






24. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






25. Someone who does something without being paid for it - e.g. working for a charity.






26. Giving people the freedom to decide things and take responsibility for themselves.






27. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.






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






29. A voluntary sector or charity sector organization.






30. When a price has been cut.






31. An extremely adverse environmental condition.






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






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






34. Multiple retail units under common ownership.






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.






36. Value of the entire company as expressed by its market capitalization.






37. Meeting accepted guidelines or laws.






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






39. A shop or store.






40. A period of economic expansion.






41. The difference between merchandise costs and retail selling price.






42. A person or company from whom goods or services are bought.






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






44. A period of very high economic activity.






45. Financial aid by the government to an individual or group to support an activity that is in the public interest.






46. Obstacles to international trade other than tariffs.






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






48. Patterns of relationships between different groups of society.






49. Items which a shop has and are available to buy.






50. Something that is required by law.