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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. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






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






3. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






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






5. Meeting accepted guidelines or laws.






6. The money a state earns via taxation.






7. When a small number of companies control a certain market.






8. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






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






10. Consumer goods that have a short life span - e.g. food or paper tissues.






11. The process of turning raw materials and parts into finished products.






12. Hiring an external company to perform tasks for a company and reduce costs.






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






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






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






16. Regular fluctuations in overall economic activity over time.






17. An extremely adverse environmental condition.






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






19. Development which can be done without harming the environment or natural resources.






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






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






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






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






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






25. The violation of a law or right.






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






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






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






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






30. Goods bought for private use.






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






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






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






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






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






36. 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.






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






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






39. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






40. A retail outlet.






41. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.






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






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






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






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






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






47. The Federal Reserve - the US central banking system.






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






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






50. The resources used to produce goods and services - including land - labour - business and capital.