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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. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
advocacy
FDI
currency hedging
market skimming
2. A collection of shops under one roof with a shared entrance and food area.
shopping centre
social stratification
embargo
supermarket
3. A tax imposed on imports by the customs authority of a country.
tariff
over the counter drug
duty
trade surplus
4. 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.
mortgage
budget deficit
Maastricht Treaty
BPI
5. The customer group a retailer wants to attract and satisfy.
White paper
target market
blight
open source
6. Machine for processing sales - taking payments - giving change. Also know as a cash register.
capital spending
greenfield site
till
debit-card system
7. A card payment system where the cost of goods or services is immediately removed from a bank account.
debit-card system
BPI
tariff barriers
copyright
8. Focusing on a more specific line of products or services in comparison to competitors.
negotiation
department store
idle capacity
niche strategy
9. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
otc drug
open-market operations
negotiation
NIMBY
10. The Federal Reserve - the US central banking system.
customs
GDP
Fed
sanctions
11. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
money supply
NAFTA
discretionary income
target market
12. Connected with society and the way it is organized.
savings rate
societal
AAA
Nominal GDP
13. Items sold in a store during a certain period measuring in number of units or value.
stock turnover
checkout
discretionary income
sustainable development
14. Consumer goods that have a long life span - e.g. furniture.
capital spending
consumer durables
PPP
department store
15. Meeting accepted guidelines or laws.
recession
AFL/CIO
compliance
sustainable
16. A retailer that concentrates on selling one particular type of good.
speciality store
convenience store
statutory
consumer goods
17. How companies try to show their products as being different from those of their rivals.
upswing
economic growth
market penetration
product differentiation
18. The total sum of goods and services in demand.
aggregate demand
idle capacity
debit-card system
TUC
19. Agreement that provided the basis for the formation of the European Union.
Maastricht Treaty
negative equity
central business district
trademark
20. A person or company from whom goods or services are bought.
niche strategy
consumer durables
market penetration
supplier
21. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
shelf warmer
real GDP
impulse purchase
quota
22. Relating to cities or built up areas - not the countryside.
household sector
urban
duty
discretionary income
23. Hiring an external company to perform tasks for a company and reduce costs.
blight
fake
RPI
outsourcing
24. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
sustainability
mom-and-pop store
balance of payments
inventory
25. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
greenbelt
central business district
dead stock
inventory turnover
26. The sum of money invested in new or additional equipment.
new capital investment
competitive
OECD
FMCG
27. The rare situation when budget spending is smaller than revenue.
monetary policies
infringement
budget surplus
aggregate demand
28. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
counterfeit
FMCG
capital spending
trade surplus
29. The violation of a law or right.
sanctions
tax haven
infringement
speciality store
30. A period of shrinking economic activity.
market equilibrium
automatic reordering system
freehold
downswing
31. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
advertising
monopoly
FMCG
depression
32. Government policies to cool down an economy and prevent inflation during boom periods.
market penetration
real GDP
restrictive economic policies
self-service
33. An imitation of a product made with the intent to defraud a customer.
poverty line
checkout
counterfeit
open source
34. A person or organization which receives money from a charity.
trademark
AAA
money supply
beneficiary
35. Machine for processing sales - giving change in a shop or restaurant.
checkout
tariff
till
direct selling
36. The difference between merchandise costs and retail selling price.
greenbelt
cooperative
processing
markup
37. A storeroom where items which cannot be put on display are stored.
oligopoly
otc drug
Americorps
stockroom
38. System in which good or services are exchanged for other goods or services rather than cash.
urban
greenbelt
automatic reordering system
barter
39. The resources used to produce goods and services - including land - labour - business and capital.
open source
debit-card system
factors of production
sanctions
40. Confederation of British Industry
NAFTA
upswing
CBI
stakeholder
41. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
beneficiary
CPI
megamall
stakeholder
42. The percentage of people who do not have a job.
recession
unemployment rate
copyright
supplier
43. Usually software where the source code is made freely available for all users to change as they see fit.
niche strategy
vending machine
open source
manufacturing
44. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.
customs
till
benchmarking
inventory shrinkage
45. A reduction in price offered when buying an item in higher quantities.
producer goods
depth of assortment
negative equity
bulk discount
46. Goods bought and used by companies - such as machines. Also known as capital goods.
current account
producer goods
budget surplus
standard of living
47. A financial instrument that facilitates payment from one currency to another.
OECD
processing
foreign exchange
allocation
48. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
restrictive economic policies
upswing
stakeholder
sanctions
49. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
constructive economic policies
tax haven
self-service
NAFTA
50. An extremely adverse environmental condition.
stakeholder
convenience store
consumer durables
blight