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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. The difference between merchandise costs and retail selling price.
volunteer
quota
Americorps
markup
2. Exclusive ownership of a property for an indefinite period of time.
unemployment rate
freehold
inventory shrinkage
sustainable development
3. When budget spending exceeds revenue.
budget deficit
freehold
EDI
oligopoly
4. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
discontinued
customer
intellectual property
money supply
5. When governments try to stabilize economic activities by funding major projects from budget deficits.
deficit spending
reduced
tax haven
trademark
6. Statement of policy issued by a government which may form the basis of a future law.
White paper
business sector
Maastricht Treaty
poverty line
7. 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.
vending machine
greenbelt
market skimming
governance
8. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
oligopoly
inventory
volunteer
in-stock
9. Confederation of British Industry
store loyalty
volunteer
TUC
CBI
10. Something that is required by law.
statutory
stockroom
EDI
business cycle
11. Consumer goods that have a long life span - e.g. furniture.
store
consumer durables
open source
constructive economic policies
12. A large - long-term loan taken out to pay for a house.
mortgage
national debt
greenbelt
till
13. A test or way of measuring something.
quota
barter
standard of living
assessment
14. Doing something (performing a process) to make a material ready for your requirments.
empowerment
advertising
processing
Maastricht Treaty
15. The right to live in a home on a long-term tenancy.
leasehold
non-tariff barriers
business sector
discontinued
16. A tax imposed on imports by the customs authority of a country.
greenbelt
duty
convenience store
societal
17. The support of a cause.
chain
RPI
grease payments
advocacy
18. Something which is a copy or imitation.
store loyalty
CPI
supply chain
fake
19. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
speciality store
FMCG
niche strategy
TUC
20. The amount of money a person has left after paying taxes and buying necessities.
discretionary income
market skimming
deficit spending
fiscal policies
21. The percentage of people who do not have a job.
unemployment rate
loyalty card
new capital investment
social stratification
22. Business wholly owned by its employees with the emphasis on group decision making.
counterfeit
cooperative
sustainable
vending machine
23. The percentage of a household's income that is saved.
barter
processing
Green paper
savings rate
24. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
business sector
loyalty card
shareholder value
WTO
25. A storeroom where items which cannot be put on display are stored.
department store
PPP
checkout
stockroom
26. Connected with society and the way it is organized.
open source
greenfield site
budget surplus
societal
27. The checking - ordering & processing of stock levels.
supplier
NAFTA
inventory management
cooperative
28. The way in which a company is controlled.
governance
idle capacity
savings rate
Maastricht Treaty
29. A retailer that concentrates on selling one particular type of good.
investment
speciality store
White paper
Americorps
30. When a price has been cut.
aggregate demand
standard of living
protectionism
reduced
31. Payments made like a bribe to encourage an official to allow something or get something done.
CBI
Maastricht Treaty
supply chain
grease payments
32. Central Business District - the largest retail and office area of a city - also known as downtown
balance of trade
CBD
outsourcing
fiscal policies
33. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
market skimming
manufacturing
supplier
otc drug
34. When the exports a country makes exceed the imports.
trade surplus
inventory management
standard of living
household sector
35. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
automatic reordering system
intellectual property
real GDP
inventory shrinkage
36. Giving people the freedom to decide things and take responsibility for themselves.
shelf warmer
empowerment
balance of payments
depression
37. A reduction in price offered when buying an item in higher quantities.
bulk discount
household sector
mission statement
barter
38. How companies try to show their products as being different from those of their rivals.
WTO
product differentiation
NAFTA
supplier
39. The buying and selling of government securities by a central bank in order to control the money supply.
speciality store
open-market operations
market skimming
competitive
40. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
supermarket
White paper
currency hedging
RPI
41. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
budget deficit
fake
FDI
inventory shrinkage
42. Government policies to cool down an economy and prevent inflation during boom periods.
AFL/CIO
customs
dealer brands
restrictive economic policies
43. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
diversity
dead stock
social stratification
44. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
markdown
deficit spending
inventory turnover
GDP
45. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
aggregate demand
diversity
stock turnover
advertising
46. When a private company provides a public service in agreement with a government or council.
impulse purchase
NAFTA
mortgage
public-private partnership
47. Obstacles to international trade other than tariffs.
aggregate demand
non-tariff barriers
width of assortment
recession
48. A period of shrinking economic activity.
non-tariff barriers
downswing
capital spending
allocation
49. Items sold in a store during a certain period measuring in number of units or value.
standard of living
stock turnover
customs
loyalty card
50. When a customer regularly uses a store they know - like and trust.
store loyalty
franchising
not-for-profit
balance of trade