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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 designed to support business and help it expand.






2. An extremely adverse environmental condition.






3. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






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






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






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






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






9. An individual or company buying from someone.






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






11. 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.






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






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






14. Items which a shop has and are available to buy.






15. A period of shrinking economic activity.






16. Obstacles to international trade other than tariffs.






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






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






19. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






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






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






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






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






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






25. Volunteer organization for young - disadvantaged Americans.






26. The amount of money a person has left after paying taxes and buying necessities.






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






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






29. The money a state earns via taxation.






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






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






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






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






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






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






36. When a price has been cut.






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






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






39. Regular fluctuations in overall economic activity over time.






40. System in which good or services are exchanged for other goods or services rather than cash.






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






42. Process of communicating back and forth until an agreement has been reached.






43. A voluntary sector or charity sector organization.






44. 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.






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






46. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






47. A shop or store.






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






49. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






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