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






2. The buying and selling of government securities by a central bank in order to control the money supply.






3. The variety of goods that a retailer sells.






4. Statement of policy issued by a government which may form the basis of a future law.






5. Something that is bought without being planned for.






6. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






7. When a company reduces their output during a recession they have excess or idle capacity.






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






9. A way of measuring performance by comparing a company to similar ones.






10. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






11. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






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






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






14. A government-imposed tax on imports.






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






16. Connected with society and the way it is organized.






17. A storeroom where items which cannot be put on display are stored.






18. A retailer that concentrates on selling one particular type of good.






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






20. Patterns of relationships between different groups of society.






21. The area of the economy that produces goods and provides services.






22. Something which is a copy or imitation.






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






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






25. The right to live in a home on a long-term tenancy.






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






27. A medicine which is available without first getting a prescription from a doctor.






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






29. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






30. The Federal Reserve - the US central banking system.






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






32. Machine for processing sales - taking payments - giving change. Also know as a cash register.






33. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






34. A period of economic expansion.






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






36. Government policies to cool down an economy and prevent inflation during boom periods.






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






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






39. Business wholly owned by its employees with the emphasis on group decision making.






40. Multiple retail units under common ownership.






41. Consumer goods that have a short life span - e.g. food or paper tissues.






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






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






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






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






46. A test or way of measuring something.






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






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






49. The customer group a retailer wants to attract and satisfy.






50. An owner of shares or stocks in a company.






Can you answer 50 questions in 15 minutes?



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