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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. A period of very high economic activity.






2. How companies try to show their products as being different from those of their rivals.






3. The area of the economy that produces goods and provides services.






4. Obstacles to international trade based on customs tariffs.






5. System in which good or services are exchanged for other goods or services rather than cash.






6. A country's exports minus its imports.






7. A tax imposed on imports by the customs authority of a country.






8. The money a state earns via taxation.






9. Items which a shop has and are available to buy.






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






11. A way of measuring performance by comparing a company to similar ones.






12. An area of land which has never been built on.






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






14. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






15. Confederation of British Industry






16. Items sold in a store during a certain period measuring in number of units or value.






17. Focusing on a more specific line of products or services in comparison to competitors.






18. The balance between interest rates and the demand for money.






19. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






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






21. Something which is a copy or imitation.






22. Distribution of anything for use - including time or money.






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






24. A test or way of measuring something.






25. When the exports a country makes exceed the imports.






26. A period of shrinking economic activity.






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






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






29. An economic sanction that forbids the import of a specific product or all products from a specific country.






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






31. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






32. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






33. Business wholly owned by its employees with the emphasis on group decision making.






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






35. 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.






36. Exclusive ownership of a property for an indefinite period of time.






37. A period of economic expansion.






38. Buying currency options that fix exchange rates for a period of time.






39. The legal right of the owner of a work over its control and distribution.






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






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






42. A large retail unit selling a wide variety of goods in separate departments.






43. The violation of a law or right.






44. Process of communicating back and forth until an agreement has been reached.






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






46. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






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






48. The difference between merchandise costs and retail selling price.






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






50. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.