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






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






3. 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.






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






5. The resources used to produce goods and services - including land - labour - business and capital.






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






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






8. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






9. A shop or store.






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






11. Meeting accepted guidelines or laws.






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






13. An individual or company buying from someone.






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






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






16. The variety of goods that a retailer sells.






17. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






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.






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






20. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.






21. Something that is bought without being planned for.






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






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






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






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






26. Buying currency options that fix exchange rates for a period of time.






27. A person who works for someone else in exchange for payment.






28. When governments try to stabilize economic activities by funding major projects from budget deficits.






29. A voluntary sector or charity sector organization.






30. When the imports into a country exceed the exports going out of a country.






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






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






33. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






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






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






36. When budget spending exceeds revenue.






37. Something that is required by law.






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






39. A test or way of measuring something.






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






41. Items in a store which have not sold for a longer period of time.






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






43. When a price has been cut.






44. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






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






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






47. Confederation of British Industry






48. Refers to the number of distinct goods or services a retailer offers.






49. A storeroom where items which cannot be put on display are stored.






50. Regular fluctuations in overall economic activity over time.