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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 person or organization which receives money from a charity.






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






3. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






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






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






6. 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.






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






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






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






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






11. When a private company provides a public service in agreement with a government or council.






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






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






14. A government-imposed tax on imports.






15. Value of the entire company as expressed by its market capitalization.






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






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






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






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






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






21. Meeting accepted guidelines or laws.






22. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






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






24. The balance between interest rates and the demand for money.






25. A period of very high economic activity.






26. real Gross Domestic Product is the level of GDP having been adjusted for inflation.






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






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






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






30. Multiple retail units under common ownership.






31. The violation of a law or right.






32. Organization for Economic Cooperation and Development






33. When a customer regularly uses a store they know - like and trust.






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






35. The total sum of a nation's outstanding debt.






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






37. An enormous planned shopping centre with hundreds of stores under one roof.






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






39. Something that is required by law.






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






41. An extremely adverse environmental condition.






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






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






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






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






46. Patterns of relationships between different groups of society.






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






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






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






50. American Federation of Labour / Association of Industrial Organizations






Can you answer 50 questions in 15 minutes?



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