Test your basic knowledge |

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. 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.






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






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






4. Patterns of relationships between different groups of society.






5. The customer group a retailer wants to attract and satisfy.






6. A medicine which is available without first getting a prescription from a doctor.






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






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






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






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






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






12. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






13. Obstacles to international trade other than tariffs.






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






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






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






17. A company's main products - e.g. Opel's core product is cars.






18. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






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






20. A voluntary sector or charity sector organization.






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






22. The Federal Reserve - the US central banking system.






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






24. Hiring an external company to perform tasks for a company and reduce costs.






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






26. Sets of specific restraints imposed by governments on international trade.






27. Something that is required by law.






28. A collection of shops under one roof with a shared entrance and food area.






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






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






31. Items sold in a store during a certain period measuring in number of units or value.






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






33. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






34. A financial instrument that facilitates payment from one currency to another.






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






36. The violation of a law or right.






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






38. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






39. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






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






41. 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.






42. Something that is bought without being planned for.






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






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






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






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






47. Volunteer organization for young - disadvantaged Americans.






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






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






50. A retail outlet.