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






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






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






4. The number of times during a period a business sells its inventory and replaces it.






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






6. American Federation of Labour / Association of Industrial Organizations






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






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






9. Multiple retail units under common ownership.






10. The percentage of a household's income that is saved.






11. A shop or store.






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






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






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






15. A period of very high economic activity.






16. Trade Union Congress.






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






18. Involving the use of natural resources and energy in a way that does not harm the environment.






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






20. Something that is required by law.






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






22. When a price has been cut.






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






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






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






26. The support of a cause.






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






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






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






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






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






32. A period of shrinking economic activity.






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






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






35. Exclusive ownership of a property for an indefinite period of time.






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






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






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






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






40. A test or way of measuring something.






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






42. The way in which a company is controlled.






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






44. Business wholly owned by its employees with the emphasis on group decision making.






45. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.






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






47. 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.






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






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






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