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






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






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






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






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






6. When a customer regularly uses a store they know - like and trust.






7. Obstacles to international trade other than tariffs.






8. Regular fluctuations in overall economic activity over time.






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






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






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






12. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






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






14. A large retail unit selling a wide variety of goods in separate departments.






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






16. A range of many things or people that are very different from each other.






17. Confederation of British Industry






18. When the amount borrowed to pay for a home is now more than the property is actually worth.






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






20. Focusing on a more specific line of products or services in comparison to competitors.






21. A test or way of measuring something.






22. The support of a cause.






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






24. A shop or store.






25. The percentage of people who do not have a job.






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






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






28. The percentage of a household's income that is saved.






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






30. Something which is a copy or imitation.






31. The variety of goods that a retailer sells.






32. Meeting accepted guidelines or laws.






33. Something that is required by law.






34. The total amount of money in circulation in a country.






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






36. An extremely adverse environmental condition.






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






38. The amount of wealth - money - comfort etc that a particular person - group or society has.






39. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






40. Items in a store which have not sold for a longer period of time.






41. When budget spending exceeds revenue.






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






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






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






45. A period of economic expansion.






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






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






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






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






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