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Test your basic knowledge |
Business English Vocab Test
Start Test
Study First
Subjects
:
business-skills
,
english
,
vocabulary
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. An individual or company buying from someone.
customer
central business district
supermarket
monetary policies
2. An extremely adverse environmental condition.
blight
sustainability
sustainable
Green paper
3. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
EDI
Nominal GDP
depth of assortment
statutory
4. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
WTO
customer
capital spending
AAA
5. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
NIMBY
entrepreneurship
sustainability
open source
6. An owner of shares or stocks in a company.
shareholder
volunteer
GDP
savings rate
7. Doing something (performing a process) to make a material ready for your requirments.
fake
budget deficit
recession
processing
8. A government-imposed tax on imports.
infringement
tariff
sanctions
advocacy
9. When a company reduces their output during a recession they have excess or idle capacity.
idle capacity
compliance
markdown
embargo
10. The hub of retailing in a city - where the most office buildings and retail stores are.
tax revenue
producer goods
NAFTA
central business district
11. Goods bought for private use.
consumer goods
shelf warmer
trade deficit
self-service
12. A card payment system where the cost of goods or services is immediately removed from a bank account.
debit-card system
store loyalty
societal
inventory
13. The sum of money invested in new or additional equipment.
volunteer
new capital investment
checkout
real GDP
14. When a price has been cut.
FDI
prime rate
urban
reduced
15. A voluntary sector or charity sector organization.
sanctions
inventory
budget deficit
not-for-profit
16. When budget spending exceeds revenue.
budget deficit
benchmarking
not-for-profit
quota
17. Focusing on a more specific line of products or services in comparison to competitors.
niche strategy
assessment
variety store
blight
18. The difference between merchandise costs and retail selling price.
markup
greenfield site
trade surplus
empowerment
19. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
business sector
manufacturing
advertising
balance of trade
20. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
market penetration
intellectual property
till
budget deficit
21. A collection of shops under one roof with a shared entrance and food area.
shopping centre
empowerment
societal
loyalty card
22. The legal right of the owner of a work over its control and distribution.
copyright
GDP
monetary policies
assessment
23. When the exports a country makes exceed the imports.
subsidy
new capital investment
budget surplus
trade surplus
24. The process of turning raw materials and parts into finished products.
supply chain
manufacturing
market equilibrium
mission statement
25. A period of decline in economic activity.
recession
market penetration
not-for-profit
idle capacity
26. The variety of goods that a retailer sells.
currency hedging
dealer brands
depth of assortment
White paper
27. Patterns of relationships between different groups of society.
current account
social structure
automatic reordering system
upswing
28. A period where there is little economic activity - high unemployment and much poverty.
depression
target market
social structure
WTO
29. Involving the use of natural resources and energy in a way that does not harm the environment.
depression
sustainable
AAA
oligopoly
30. Agreement that provided the basis for the formation of the European Union.
Maastricht Treaty
supermarket
advocacy
WTO
31. A large - long-term loan taken out to pay for a house.
grease payments
consumer durables
over the counter drug
mortgage
32. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
AFL/CIO
non-tariff barriers
automatic reordering system
counterfeit
33. A person or company from whom goods or services are bought.
balance of trade
fake
supplier
idle capacity
34. Machine for processing sales - giving change in a shop or restaurant.
checkout
supply chain
trademark
department store
35. A reduction in the selling price of an item in order to increase sales.
inventory management
business cycle
markdown
stock turnover
36. The skills and knowledge needed to start and run a company.
central business district
manufacturing
WTO
entrepreneurship
37. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
open-market operations
cooperative
GDP
stockroom
38. The checking - ordering & processing of stock levels.
inventory management
economic growth
public-private partnership
target market
39. The rare situation when budget spending is smaller than revenue.
variety store
CPI
budget surplus
unemployment rate
40. A tax imposed on imports by the customs authority of a country.
variety store
aggregate demand
duty
balance of payments
41. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
supply chain
greenbelt
current account
mission statement
42. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
NIMBY
supplier
inventory
aggregate demand
43. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
questionable payments
counterfeit
NAFTA
EPOS
44. The resources used to produce goods and services - including land - labour - business and capital.
leasehold
niche strategy
NAFTA
factors of production
45. Giving people the freedom to decide things and take responsibility for themselves.
inventory turnover
empowerment
trademark
FDI
46. Economic policies that use money e.g. interest rates or money supply as the major instruments.
intellectual property
inventory management
AAA
monetary policies
47. When a private company provides a public service in agreement with a government or council.
monopoly
mission statement
public-private partnership
market skimming
48. The total sum of a nation's outstanding debt.
in-stock
trade surplus
compliance
national debt
49. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
direct selling
real GDP
stockroom
volunteer
50. Trade Union Congress.
TUC
OECD
consumer non-durables
impulse purchase