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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. When the imports into a country exceed the exports going out of a country.
trade deficit
poverty line
household sector
bulk discount
2. A collection of shops under one roof with a shared entrance and food area.
social stratification
shopping centre
stockroom
in-stock
3. Financial aid by the government to an individual or group to support an activity that is in the public interest.
sustainable
subsidy
open-market operations
consumer non-durables
4. Goods bought and used by companies - such as machines. Also known as capital goods.
NAFTA
producer goods
NGOs
markup
5. A range of many things or people that are very different from each other.
outsourcing
diversity
BPI
CPI
6. The way in which a company is controlled.
governance
vending machine
core products
processing
7. A period of decline in economic activity.
budget surplus
customs
EPOS
recession
8. Connected with society and the way it is organized.
BPI
societal
budget deficit
real GDP
9. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
myopic perspective
oligopoly
tariff barriers
checkout
10. The money a state earns via taxation.
CBD
aggregate demand
till
tax revenue
11. The system of organizations involved in moving a product from manufacturer to customer.
greenfield site
supply chain
national debt
tariff barriers
12. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
mom-and-pop store
aggregate demand
market skimming
13. The percentage of people who do not have a job.
producer goods
unemployment rate
NGOs
Fed
14. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
standard of living
assessment
benchmarking
NGOs
15. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
Americorps
monopoly
EDI
shareholder
16. The process of turning raw materials and parts into finished products.
consumer non-durables
dead stock
manufacturing
urban
17. The number of times during a period a business sells its inventory and replaces it.
dead stock
inventory turnover
current account
budget deficit
18. Goods bought for private use.
tax revenue
consumer goods
savings rate
dealer brands
19. When a customer regularly uses a store they know - like and trust.
debit-card system
store loyalty
depth of assortment
competitive
20. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
competitive
RPI
WTO
customs
21. When governments try to stabilize economic activities by funding major projects from budget deficits.
deficit spending
negotiation
inventory management
Nominal GDP
22. Central Business District - the largest retail and office area of a city - also known as downtown
store
depression
CBD
current account
23. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
constructive economic policies
variety store
current account
intellectual property
24. The amount of wealth - money - comfort etc that a particular person - group or society has.
shareholder value
standard of living
NAFTA
new capital investment
25. The total amount of money in circulation in a country.
markup
money supply
stockroom
negotiation
26. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
automatic reordering system
budget surplus
negative equity
employee
27. The percentage of a household's income that is saved.
savings rate
convenience store
department store
oligopoly
28. A reduction in the selling price of an item in order to increase sales.
household sector
cooperative
markdown
poverty line
29. Confederation of British Industry
TUC
FMCG
blight
CBI
30. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
discretionary income
current account
idle capacity
convenience store
31. A voluntary sector or charity sector organization.
chain
not-for-profit
intellectual property
processing
32. Shows the flows of money into and out of a country plus transfer payments.
grease payments
AAA
balance of payments
consumer goods
33. An imitation of a product made with the intent to defraud a customer.
department store
reduced
counterfeit
store
34. The resources used to produce goods and services - including land - labour - business and capital.
market skimming
factors of production
otc drug
national debt
35. The amount of money a person has left after paying taxes and buying necessities.
FMCG
discretionary income
new capital investment
advertising
36. A way of measuring performance by comparing a company to similar ones.
benchmarking
myopic perspective
investment
over the counter drug
37. A small owner-operated store serving a local community.
budget deficit
counterfeit
mom-and-pop store
debit-card system
38. A card payment system where the cost of goods or services is immediately removed from a bank account.
boom
markup
sustainable
debit-card system
39. 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?
target market
PPP
counterfeit
bulk discount
40. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
constructive economic policies
CPI
tax haven
grease payments
41. A retailer that concentrates on selling one particular type of good.
speciality store
beneficiary
trade surplus
WTO
42. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
protectionism
prime rate
sustainable
greenfield site
43. The support of a cause.
shopping centre
advocacy
inventory turnover
embargo
44. A government-imposed tax on imports.
tariff
non-tariff barriers
negative equity
store
45. The customer group a retailer wants to attract and satisfy.
store
CBD
EPOS
target market
46. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
market equilibrium
product differentiation
market penetration
RPI
47. A company's main products - e.g. Opel's core product is cars.
monopoly
core products
markup
stock turnover
48. The total sum of goods and services in demand.
negative equity
oligopoly
width of assortment
aggregate demand
49. How companies try to show their products as being different from those of their rivals.
cooperative
product differentiation
self-service
upswing
50. Doing something (performing a process) to make a material ready for your requirments.
prime rate
processing
tariff barriers
dealer brands