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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 checking - ordering & processing of stock levels.






2. Items which a shop has and are available to buy.






3. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






4. When budget spending exceeds revenue.






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






6. Value of the entire company as expressed by its market capitalization.






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






8. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






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






10. An economic sanction that forbids the import of a specific product or all products from a specific country.






11. Hiring an external company to perform tasks for a company and reduce costs.






12. The way in which a company is controlled.






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






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






15. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






16. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






17. Trade Union Congress.






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






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






20. 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.






21. Machine for processing sales - giving change in a shop or restaurant.






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






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






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






25. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.






26. Obstacles to international trade other than tariffs.






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






28. A country's exports minus its imports.






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






30. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






31. Multiple retail units under common ownership.






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






33. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






34. Something which is a copy or imitation.






35. Something that is bought without being planned for.






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






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






38. The variety of goods that a retailer sells.






39. A shop or store.






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






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






42. The legal right of the owner of a work over its control and distribution.






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






44. A company's main products - e.g. Opel's core product is cars.






45. The process of turning raw materials and parts into finished products.






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






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






48. Regular fluctuations in overall economic activity over time.






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






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