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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. Financial aid by the government to an individual or group to support an activity that is in the public interest.
OECD
boom
subsidy
sustainable development
2. An area of land which has never been built on.
greenfield site
boom
grease payments
depression
3. When a small number of companies control a certain market.
oligopoly
debit-card system
household sector
advocacy
4. When the exports a country makes exceed the imports.
trade surplus
self-service
OECD
impulse purchase
5. A person who works for someone else in exchange for payment.
WTO
core products
employee
oligopoly
6. When a customer regularly uses a store they know - like and trust.
inventory
depth of assortment
store loyalty
AAA
7. Obstacles to international trade other than tariffs.
convenience store
budget deficit
non-tariff barriers
bulk discount
8. Regular fluctuations in overall economic activity over time.
tariff barriers
consumer goods
business cycle
AAA
9. When the imports into a country exceed the exports going out of a country.
checkout
speciality store
trade deficit
White paper
10. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
tax haven
compliance
self-service
customer
11. An imitation of a product made with the intent to defraud a customer.
sustainable development
mission statement
poverty line
counterfeit
12. 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.
depth of assortment
vending machine
reduced
statutory
13. A period where there is little economic activity - high unemployment and much poverty.
negotiation
depression
market skimming
oligopoly
14. A large retail unit selling a wide variety of goods in separate departments.
competitive
discontinued
foreign exchange
department store
15. A minimum income level below which people are officially poor.
cooperative
duty
EDI
poverty line
16. A range of many things or people that are very different from each other.
store
GDP
White paper
diversity
17. Confederation of British Industry
depth of assortment
AFL/CIO
CBI
TUC
18. When the amount borrowed to pay for a home is now more than the property is actually worth.
negative equity
market skimming
allocation
sanctions
19. A financial instrument that facilitates payment from one currency to another.
direct selling
foreign exchange
real GDP
manufacturing
20. Focusing on a more specific line of products or services in comparison to competitors.
niche strategy
outsourcing
entrepreneurship
dealer brands
21. A test or way of measuring something.
tariff barriers
sanctions
copycat
assessment
22. The support of a cause.
savings rate
advocacy
trade surplus
benchmarking
23. A tax imposed on imports by the customs authority of a country.
duty
diversity
export controls
NGOs
24. A shop or store.
retail outlet
trade surplus
oligopoly
automatic reordering system
25. The percentage of people who do not have a job.
unemployment rate
manufacturing
public-private partnership
current account
26. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
prime rate
new capital investment
protectionism
product differentiation
27. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
supplier
loyalty card
questionable payments
shelf warmer
28. The percentage of a household's income that is saved.
savings rate
processing
TUC
stock turnover
29. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
volunteer
outsourcing
economic growth
negotiation
30. Something which is a copy or imitation.
restrictive economic policies
advocacy
EPOS
fake
31. The variety of goods that a retailer sells.
depth of assortment
Green paper
product differentiation
household sector
32. Meeting accepted guidelines or laws.
CBI
export controls
compliance
producer goods
33. Something that is required by law.
statutory
megamall
not-for-profit
factors of production
34. The total amount of money in circulation in a country.
store
money supply
factors of production
savings rate
35. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
dealer brands
investment
inventory
dead stock
36. An extremely adverse environmental condition.
sanctions
checkout
otc drug
blight
37. An item which is no longer produced by a manufacturer or sold by a retailer.
trademark
beneficiary
leasehold
discontinued
38. The amount of wealth - money - comfort etc that a particular person - group or society has.
shareholder
standard of living
checkout
stakeholder
39. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
customer
consumer non-durables
outsourcing
tax haven
40. Items in a store which have not sold for a longer period of time.
automatic reordering system
shareholder
dead stock
benchmarking
41. When budget spending exceeds revenue.
core products
advocacy
budget deficit
CPI
42. A reduction in the selling price of an item in order to increase sales.
market penetration
retail outlet
EPOS
markdown
43. Exclusive ownership of a property for an indefinite period of time.
money supply
consumer durables
freehold
department store
44. Refers to the number of distinct goods or services a retailer offers.
producer goods
fake
over the counter drug
width of assortment
45. A period of economic expansion.
negotiation
oligopoly
duty
upswing
46. The balance between interest rates and the demand for money.
checkout
diversity
market equilibrium
stock turnover
47. Items sold in a store during a certain period measuring in number of units or value.
supermarket
otc drug
embargo
stock turnover
48. Sets of specific restraints imposed by governments on international trade.
unemployment rate
impulse purchase
currency hedging
sanctions
49. Development which can be done without harming the environment or natural resources.
subsidy
supermarket
sustainable development
producer goods
50. An enormous planned shopping centre with hundreds of stores under one roof.
store loyalty
unemployment rate
central business district
megamall