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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. Economic policies designed to support business and help it expand.
constructive economic policies
shareholder
tax revenue
societal
2. An extremely adverse environmental condition.
blight
tariff
advocacy
investment
3. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
loyalty card
EDI
idle capacity
customs
4. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
automatic reordering system
shelf warmer
supply chain
depression
5. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
barter
upswing
GDP
OECD
6. A company's main products - e.g. Opel's core product is cars.
otc drug
core products
current account
employee
7. The number of times during a period a business sells its inventory and replaces it.
tariff barriers
OECD
variety store
inventory turnover
8. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
market skimming
stakeholder
variety store
CPI
9. An individual or company buying from someone.
direct selling
Green paper
CPI
customer
10. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
inventory shrinkage
dealer brands
central business district
diversity
11. 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.
loyalty card
blight
BPI
capital spending
12. Regulations that mean permission from the government is required before certain items can be exported.
upswing
export controls
store loyalty
open source
13. How companies try to show their products as being different from those of their rivals.
freehold
product differentiation
empowerment
department store
14. Items which a shop has and are available to buy.
embargo
in-stock
real GDP
upswing
15. A period of shrinking economic activity.
infringement
downswing
allocation
empowerment
16. Obstacles to international trade other than tariffs.
self-service
savings rate
greenbelt
non-tariff barriers
17. An owner of shares or stocks in a company.
product differentiation
AFL/CIO
WTO
shareholder
18. An area of land which has never been built on.
balance of trade
greenfield site
counterfeit
recession
19. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
sustainable development
intellectual property
unemployment rate
stakeholder
20. When a company reduces their output during a recession they have excess or idle capacity.
idle capacity
boom
mortgage
tax revenue
21. Shows the flows of money into and out of a country plus transfer payments.
convenience store
AFL/CIO
oligopoly
balance of payments
22. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
oligopoly
FMCG
questionable payments
public-private partnership
23. When the exports a country makes exceed the imports.
central business district
trade surplus
capital spending
economic growth
24. A person or organization which receives money from a charity.
currency hedging
beneficiary
discretionary income
AAA
25. Volunteer organization for young - disadvantaged Americans.
Americorps
allocation
new capital investment
greenbelt
26. The amount of money a person has left after paying taxes and buying necessities.
automatic reordering system
discretionary income
poverty line
Maastricht Treaty
27. Products that can hold their own against rival products in terms of price - features or quality.
quota
trade deficit
competitive
supply chain
28. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
tax haven
RPI
till
FDI
29. The money a state earns via taxation.
standard of living
tax revenue
target market
width of assortment
30. Payments made like a bribe to encourage an official to allow something or get something done.
downswing
grease payments
store
consumer durables
31. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
trade deficit
otc drug
WTO
shelf warmer
32. The purchase of a financial product or other item of value with the hope that it will become more valuable.
debit-card system
monopoly
subsidy
investment
33. Exclusive ownership of a property for an indefinite period of time.
shareholder
freehold
aggregate demand
dealer brands
34. A storeroom where items which cannot be put on display are stored.
stockroom
Maastricht Treaty
markdown
household sector
35. A medicine which is available without first getting a prescription from a doctor.
mission statement
not-for-profit
economic growth
over the counter drug
36. When a price has been cut.
aggregate demand
product differentiation
reduced
discretionary income
37. Connected with society and the way it is organized.
mission statement
societal
vending machine
till
38. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
stock turnover
NGOs
business sector
self-service
39. Regular fluctuations in overall economic activity over time.
GDP
barter
business cycle
tariff
40. System in which good or services are exchanged for other goods or services rather than cash.
social structure
sanctions
copycat
barter
41. Relating to cities or built up areas - not the countryside.
employee
sanctions
urban
manufacturing
42. Process of communicating back and forth until an agreement has been reached.
negotiation
stock turnover
assessment
Maastricht Treaty
43. A voluntary sector or charity sector organization.
not-for-profit
oligopoly
NAFTA
store
44. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.
fake
capital spending
CBI
loyalty card
45. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
CBI
direct selling
markup
tax haven
46. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
CPI
target market
store loyalty
chain
47. A shop or store.
not-for-profit
myopic perspective
markdown
retail outlet
48. A reduction in the selling price of an item in order to increase sales.
central business district
markdown
OECD
bulk discount
49. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
allocation
advertising
tax revenue
intellectual property
50. A card payment system where the cost of goods or services is immediately removed from a bank account.
market skimming
supplier
stakeholder
debit-card system