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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. An imitation of a product made with the intent to defraud a customer.






2. Meeting accepted guidelines or laws.






3. Trade Union Congress.






4. The rate of interest at which US banks lend money to their best corporate customers.






5. Refers to the number of distinct goods or services a retailer offers.






6. Confederation of British Industry






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






8. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.






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






10. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






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






12. A person or company from whom goods or services are bought.






13. A range of many things or people that are very different from each other.






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






15. When budget spending exceeds revenue.






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






17. Giving people the freedom to decide things and take responsibility for themselves.






18. A collection of shops under one roof with a shared entrance and food area.






19. Agreement that provided the basis for the formation of the European Union.






20. The percentage of people who do not have a job.






21. A test or way of measuring something.






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






23. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






24. A person or organization which receives money from a charity.






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






26. A minimum income level below which people are officially poor.






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






28. Involving the use of natural resources and energy in a way that does not harm the environment.






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






30. A voluntary sector or charity sector organization.






31. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






32. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






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






34. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






35. real Gross Domestic Product is the level of GDP having been adjusted for inflation.






36. Regulations that mean permission from the government is required before certain items can be exported.






37. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






38. The checking - ordering & processing of stock levels.






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






40. A period where there is little economic activity - high unemployment and much poverty.






41. A shop or store.






42. The total sum of goods and services in demand.






43. When a private company provides a public service in agreement with a government or council.






44. Relating to cities or built up areas - not the countryside.






45. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






46. Consumer goods that have a long life span - e.g. furniture.






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






48. Economic policies designed to support business and help it expand.






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






50. Organization for Economic Cooperation and Development







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