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






2. The variety of goods that a retailer sells.






3. Machine for processing sales - giving change in a shop or restaurant.






4. Economic policies designed to support business and help it expand.






5. Distribution of anything for use - including time or money.






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






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






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






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






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






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






12. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






13. Shows the flows of money into and out of a country plus transfer payments.






14. Volunteer organization for young - disadvantaged Americans.






15. 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.






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






17. A large retail unit selling a wide variety of goods in separate departments.






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






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






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






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






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






23. Organization for Economic Cooperation and Development






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






25. A retail outlet.






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






27. Economic policies that use money e.g. interest rates or money supply as the major instruments.






28. The area of the economy that produces goods and provides services.






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






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






31. An extremely adverse environmental condition.






32. Imitating another company's ideas rather than developing your own.






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






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






35. 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.






36. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






37. A country's exports minus its imports.






38. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






39. Goods bought and used by companies - such as machines. Also known as capital goods.






40. Connected with society and the way it is organized.






41. Something that is required by law.






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






43. Machine for processing sales - taking payments - giving change. Also know as a cash register.






44. Central Business District - the largest retail and office area of a city - also known as downtown






45. The total amount of money in circulation in a country.






46. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






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






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






49. A large - long-term loan taken out to pay for a house.






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