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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 test or way of measuring something.






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






3. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






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






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






6. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.






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.






8. When budget spending exceeds revenue.






9. Hiring an external company to perform tasks for a company and reduce costs.






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






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






12. A self-service food store with grocery - meat and produce departments.






13. A retailer that concentrates on selling one particular type of good.






14. A country's exports minus its imports.






15. Usually software where the source code is made freely available for all users to change as they see fit.






16. When the amount borrowed to pay for a home is now more than the property is actually worth.






17. A period of very high economic activity.






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






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






20. A retail outlet.






21. Organization for Economic Cooperation and Development






22. When a customer regularly uses a store they know - like and trust.






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.






24. Consumer goods that have a short life span - e.g. food or paper tissues.






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






26. An enormous planned shopping centre with hundreds of stores under one roof.






27. The way in which a company is controlled.






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.






29. A storeroom where items which cannot be put on display are stored.






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






31. The total sum of a nation's outstanding debt.






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






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.






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






35. A person who works for someone else in exchange for payment.






36. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






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






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.






39. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






40. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






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






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






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






44. Something that is bought without being planned for.






45. Trade Union Congress.






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






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






48. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






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






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







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