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Test your basic knowledge |
Business English Vocab Test
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Subjects
:
business-skills
,
english
,
vocabulary
Instructions:
Answer 50 questions in 15 minutes.
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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 test or way of measuring something.
producer goods
copyright
compliance
assessment
2. The balance between interest rates and the demand for money.
household sector
advocacy
CBD
market equilibrium
3. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
self-service
shopping centre
NGOs
FDI
4. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
intellectual property
discontinued
CPI
non-tariff barriers
5. The percentage of a household's income that is saved.
target market
retail outlet
savings rate
beneficiary
6. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
not-for-profit
market penetration
negotiation
oligopoly
7. 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.
customs
product differentiation
trademark
myopic perspective
8. When budget spending exceeds revenue.
depth of assortment
consumer non-durables
CBD
budget deficit
9. Hiring an external company to perform tasks for a company and reduce costs.
advocacy
volunteer
bulk discount
outsourcing
10. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
tax haven
discretionary income
employee
fiscal policies
11. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
embargo
RPI
greenbelt
money supply
12. A self-service food store with grocery - meat and produce departments.
supplier
sustainable development
copycat
supermarket
13. A retailer that concentrates on selling one particular type of good.
quota
NGOs
CBI
speciality store
14. A country's exports minus its imports.
balance of trade
franchising
export controls
sustainable
15. Usually software where the source code is made freely available for all users to change as they see fit.
counterfeit
compliance
open source
household sector
16. When the amount borrowed to pay for a home is now more than the property is actually worth.
NGOs
open source
negative equity
grease payments
17. A period of very high economic activity.
boom
inventory turnover
megamall
variety store
18. Buying currency options that fix exchange rates for a period of time.
sustainability
prime rate
currency hedging
CBI
19. Exclusive ownership of a property for an indefinite period of time.
GDP
upswing
consumer non-durables
freehold
20. A retail outlet.
statutory
beneficiary
shareholder
store
21. Organization for Economic Cooperation and Development
OECD
BPI
household sector
greenfield site
22. When a customer regularly uses a store they know - like and trust.
store loyalty
beneficiary
capital spending
trade surplus
23. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
real GDP
width of assortment
EPOS
NGOs
24. Consumer goods that have a short life span - e.g. food or paper tissues.
grease payments
consumer non-durables
social structure
governance
25. The area of the economy that produces goods and provides services.
protectionism
intellectual property
Fed
business sector
26. An enormous planned shopping centre with hundreds of stores under one roof.
megamall
open-market operations
market skimming
FDI
27. The way in which a company is controlled.
AAA
governance
tariff
copycat
28. 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.
otc drug
capital spending
freehold
benchmarking
29. A storeroom where items which cannot be put on display are stored.
monopoly
stockroom
GDP
supermarket
30. Items in a store which have not sold for a longer period of time.
Maastricht Treaty
economic growth
dead stock
sustainable
31. The total sum of a nation's outstanding debt.
upswing
national debt
copyright
bulk discount
32. When the imports into a country exceed the exports going out of a country.
money supply
CBD
trade deficit
manufacturing
33. 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.
fiscal policies
advertising
vending machine
store loyalty
34. The hub of retailing in a city - where the most office buildings and retail stores are.
money supply
central business district
CPI
blight
35. A person who works for someone else in exchange for payment.
width of assortment
infringement
employee
market equilibrium
36. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
tariff
advertising
diversity
variety store
37. An imitation of a product made with the intent to defraud a customer.
speciality store
counterfeit
entrepreneurship
vending machine
38. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
self-service
boom
competitive
balance of payments
39. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
social stratification
shelf warmer
variety store
shopping centre
40. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
infringement
automatic reordering system
customer
societal
41. Items sold in a store during a certain period measuring in number of units or value.
urban
stock turnover
recession
convenience store
42. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
economic growth
diversity
assessment
questionable payments
43. A period where there is little economic activity - high unemployment and much poverty.
negative equity
sustainability
current account
depression
44. Something that is bought without being planned for.
quota
convenience store
impulse purchase
depth of assortment
45. Trade Union Congress.
debit-card system
EDI
balance of payments
TUC
46. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
savings rate
market skimming
convenience store
Green paper
47. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
FMCG
CBD
store loyalty
export controls
48. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
questionable payments
shareholder value
greenfield site
inventory
49. Statement of policy issued by a government which may form the basis of a future law.
investment
non-tariff barriers
width of assortment
White paper
50. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
RPI
Americorps
loyalty card
urban
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