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






2. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






3. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?






4. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






5. When budget spending exceeds revenue.






6. An extremely adverse environmental condition.






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






8. The hub of retailing in a city - where the most office buildings and retail stores are.






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






10. 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.






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






12. Goods bought and used by companies - such as machines. Also known as capital goods.






13. Regular fluctuations in overall economic activity over time.






14. Meeting accepted guidelines or laws.






15. The way in which a company is controlled.






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






17. A retail outlet.






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






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






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






21. Confederation of British Industry






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






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






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






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






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






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






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






29. The different layers within a society e.g. class - income - education.






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






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






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






33. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






34. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






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






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






37. A government-imposed tax on imports.






38. Doing something (performing a process) to make a material ready for your requirments.






39. Usually software where the source code is made freely available for all users to change as they see fit.






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






41. A financial instrument that facilitates payment from one currency to another.






42. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.






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






44. Imitating another company's ideas rather than developing your own.






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






46. When a price has been cut.






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






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






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






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