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






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






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






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






5. A retail outlet.






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






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






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






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






10. Agreement that provided the basis for the formation of the European Union.






11. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






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






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






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






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






16. A reduction in price offered when buying an item in higher quantities.






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






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






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






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






21. Relating to cities or built up areas - not the countryside.






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






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






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






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






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






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






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






29. The support of a cause.






30. 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.






31. A test or way of measuring something.






32. Confederation of British Industry






33. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






34. Focusing on a more specific line of products or services in comparison to competitors.






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






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






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






38. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






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






40. 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.






41. An area of land which has never been built on.






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






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






44. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?






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






46. Consumer goods that have a long life span - e.g. furniture.






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






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






49. A minimum income level below which people are officially poor.






50. Government policies to cool down an economy and prevent inflation during boom periods.