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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. Agreement that provided the basis for the formation of the European Union.
Maastricht Treaty
oligopoly
questionable payments
copycat
2. The money a state earns via taxation.
trademark
tax revenue
competitive
statutory
3. Involving the use of natural resources and energy in a way that does not harm the environment.
store
sustainable
dead stock
compliance
4. A person or company from whom goods or services are bought.
national debt
tariff
supplier
benchmarking
5. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
monopoly
public-private partnership
diversity
automatic reordering system
6. A retail outlet.
copyright
depression
tax revenue
store
7. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
producer goods
market skimming
consumer goods
department store
8. Process of communicating back and forth until an agreement has been reached.
negotiation
stockroom
mission statement
copyright
9. A country's exports minus its imports.
balance of trade
depth of assortment
infringement
WTO
10. The total amount of money in circulation in a country.
money supply
discretionary income
assessment
quota
11. The balance between interest rates and the demand for money.
market equilibrium
loyalty card
cooperative
constructive economic policies
12. A large retail unit selling a wide variety of goods in separate departments.
constructive economic policies
department store
sanctions
mortgage
13. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
loyalty card
advertising
advocacy
customer
14. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
shareholder
social stratification
deficit spending
RPI
15. Consumer goods that have a long life span - e.g. furniture.
quota
consumer durables
direct selling
Nominal GDP
16. Goods bought for private use.
stakeholder
consumer goods
CBI
advocacy
17. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
boom
AAA
OECD
balance of trade
18. A reduction in price offered when buying an item in higher quantities.
prime rate
bulk discount
consumer non-durables
balance of trade
19. Something that is bought without being planned for.
automatic reordering system
impulse purchase
monopoly
inventory turnover
20. A small owner-operated store serving a local community.
new capital investment
intellectual property
discretionary income
mom-and-pop store
21. Economic policies designed to support business and help it expand.
megamall
constructive economic policies
prime rate
target market
22. The different layers within a society e.g. class - income - education.
capital spending
social stratification
BPI
stock turnover
23. An individual or company buying from someone.
customs
advertising
customer
in-stock
24. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
volunteer
social stratification
market penetration
25. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
markdown
NGOs
oligopoly
26. A test or way of measuring something.
consumer non-durables
depth of assortment
supplier
assessment
27. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
customs
shareholder value
niche strategy
quota
28. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
vending machine
loyalty card
boom
White paper
29. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
FDI
vending machine
negotiation
processing
30. When the exports a country makes exceed the imports.
oligopoly
quota
inventory shrinkage
trade surplus
31. The system of organizations involved in moving a product from manufacturer to customer.
retail outlet
supply chain
beneficiary
shareholder value
32. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
savings rate
myopic perspective
factors of production
deficit spending
33. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
idle capacity
FMCG
subsidy
national debt
34. Relating to cities or built up areas - not the countryside.
RPI
urban
shopping centre
otc drug
35. Meeting accepted guidelines or laws.
restrictive economic policies
compliance
store loyalty
non-tariff barriers
36. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
allocation
greenbelt
trademark
subsidy
37. An area of land which has never been built on.
EDI
greenfield site
depression
export controls
38. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
stakeholder
WTO
variety store
Green paper
39. Doing something (performing a process) to make a material ready for your requirments.
convenience store
shareholder value
processing
social structure
40. A minimum income level below which people are officially poor.
inventory management
inventory
supply chain
poverty line
41. An item which is no longer produced by a manufacturer or sold by a retailer.
discontinued
beneficiary
recession
business cycle
42. Connected with society and the way it is organized.
societal
currency hedging
Fed
Americorps
43. The support of a cause.
markdown
barter
advocacy
GDP
44. The purchase of a financial product or other item of value with the hope that it will become more valuable.
advocacy
megamall
sustainability
investment
45. 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.
supermarket
niche strategy
inventory
capital spending
46. A person who works for someone else in exchange for payment.
freehold
employee
supply chain
non-tariff barriers
47. Consumer goods that have a short life span - e.g. food or paper tissues.
consumer non-durables
consumer durables
greenfield site
empowerment
48. Obstacles to international trade other than tariffs.
recession
non-tariff barriers
household sector
advocacy
49. The way in which a company is controlled.
societal
governance
FDI
megamall
50. A tax imposed on imports by the customs authority of a country.
downswing
OECD
non-tariff barriers
duty