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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. 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.






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






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






4. The support of a cause.






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






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






7. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






8. Something that is required by law.






9. The customer group a retailer wants to attract and satisfy.






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






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






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






13. Sets of specific restraints imposed by governments on international trade.






14. A consultation document that sets out the government's position on a certain issue.






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






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






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






18. 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.






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






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






21. Statement of policy issued by a government which may form the basis of a future law.






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






23. When a price has been cut.






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






25. A period where there is little economic activity - high unemployment and much poverty.






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






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






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






29. Patterns of relationships between different groups of society.






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






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






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






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






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






35. Obstacles to international trade based on customs tariffs.






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






37. A government-imposed tax on imports.






38. The sum of money invested in new or additional equipment.






39. Financial aid by the government to an individual or group to support an activity that is in the public interest.






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






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






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






43. The checking - ordering & processing of stock levels.






44. A period of economic expansion.






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






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






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






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






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






50. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.