SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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.
boom
bulk discount
subsidy
Americorps
2. A shop or store.
dead stock
tariff
market penetration
retail outlet
3. 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.
not-for-profit
fiscal policies
shareholder
quota
4. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
greenfield site
NIMBY
intellectual property
counterfeit
5. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.
BPI
tax haven
myopic perspective
boom
6. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
self-service
retail outlet
AAA
savings rate
7. Agreement that provided the basis for the formation of the European Union.
reduced
store loyalty
otc drug
Maastricht Treaty
8. A consultation document that sets out the government's position on a certain issue.
Green paper
volunteer
fiscal policies
compliance
9. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
advertising
protectionism
shelf warmer
otc drug
10. An individual or company buying from someone.
customer
over the counter drug
Fed
aggregate demand
11. The resources used to produce goods and services - including land - labour - business and capital.
export controls
factors of production
AAA
capital spending
12. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
negotiation
market skimming
target market
deficit spending
13. 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.
vending machine
loyalty card
NIMBY
not-for-profit
14. Someone who does something without being paid for it - e.g. working for a charity.
volunteer
business sector
business cycle
savings rate
15. When governments try to stabilize economic activities by funding major projects from budget deficits.
deficit spending
competitive
Green paper
width of assortment
16. An economic sanction that forbids the import of a specific product or all products from a specific country.
embargo
monopoly
shareholder
discretionary income
17. Government policies to cool down an economy and prevent inflation during boom periods.
questionable payments
prime rate
restrictive economic policies
recession
18. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
OECD
benchmarking
business sector
loyalty card
19. Imitating another company's ideas rather than developing your own.
impulse purchase
OECD
copycat
customer
20. Central Business District - the largest retail and office area of a city - also known as downtown
variety store
trademark
greenfield site
CBD
21. The system of organizations involved in moving a product from manufacturer to customer.
mortgage
store
advocacy
supply chain
22. Items sold in a store during a certain period measuring in number of units or value.
width of assortment
advocacy
consumer durables
stock turnover
23. The difference between merchandise costs and retail selling price.
freehold
markup
bulk discount
loyalty card
24. A person who works for someone else in exchange for payment.
employee
capital spending
vending machine
dealer brands
25. A period of economic expansion.
EDI
societal
Maastricht Treaty
upswing
26. The right to live in a home on a long-term tenancy.
empowerment
Nominal GDP
leasehold
AAA
27. Buying currency options that fix exchange rates for a period of time.
currency hedging
new capital investment
barter
inventory
28. Usually software where the source code is made freely available for all users to change as they see fit.
supermarket
open source
restrictive economic policies
NGOs
29. A way of measuring performance by comparing a company to similar ones.
benchmarking
public-private partnership
currency hedging
economic growth
30. The Federal Reserve - the US central banking system.
myopic perspective
tax revenue
Fed
shareholder value
31. Products that can hold their own against rival products in terms of price - features or quality.
embargo
checkout
competitive
chain
32. How companies try to show their products as being different from those of their rivals.
mom-and-pop store
sustainability
manufacturing
product differentiation
33. Consumer goods that have a short life span - e.g. food or paper tissues.
consumer non-durables
grease payments
foreign exchange
embargo
34. Obstacles to international trade based on customs tariffs.
business cycle
tariff barriers
quota
White paper
35. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
automatic reordering system
EDI
money supply
allocation
36. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
quota
inventory shrinkage
in-stock
deficit spending
37. Organization for Economic Cooperation and Development
prime rate
social stratification
poverty line
OECD
38. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
EDI
vending machine
currency hedging
inventory
39. The total sum of goods and services in demand.
Americorps
aggregate demand
trademark
market penetration
40. 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.
real GDP
NAFTA
RPI
customs
41. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
checkout
constructive economic policies
variety store
inventory management
42. Sets of specific restraints imposed by governments on international trade.
sanctions
customer
negative equity
downswing
43. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
NAFTA
PPP
greenbelt
FMCG
44. The customer group a retailer wants to attract and satisfy.
target market
boom
new capital investment
megamall
45. When the imports into a country exceed the exports going out of a country.
markup
vending machine
sustainable development
trade deficit
46. A period of shrinking economic activity.
counterfeit
niche strategy
downswing
FDI
47. When a customer regularly uses a store they know - like and trust.
store loyalty
shopping centre
empowerment
in-stock
48. The variety of goods that a retailer sells.
open-market operations
depth of assortment
CPI
GDP
49. Involving the use of natural resources and energy in a way that does not harm the environment.
Fed
sustainable
stakeholder
CBI
50. Economic policies that use money e.g. interest rates or money supply as the major instruments.
width of assortment
stock turnover
monetary policies
PPP
Sorry!:) No result found.
Can you answer 50 questions in 15 minutes?
Let me suggest you:
Browse all subjects
Browse all tests
Most popular tests
Major Subjects
Tests & Exams
AP
CLEP
DSST
GRE
SAT
GMAT
Certifications
CISSP go to https://www.isc2.org/
PMP
ITIL
RHCE
MCTS
More...
IT Skills
Android Programming
Data Modeling
Objective C Programming
Basic Python Programming
Adobe Illustrator
More...
Business Skills
Advertising Techniques
Business Accounting Basics
Business Strategy
Human Resource Management
Marketing Basics
More...
Soft Skills
Body Language
People Skills
Public Speaking
Persuasion
Job Hunting And Resumes
More...
Vocabulary
GRE Vocab
SAT Vocab
TOEFL Essential Vocab
Basic English Words For All
Global Words You Should Know
Business English
More...
Languages
AP German Vocab
AP Latin Vocab
SAT Subject Test: French
Italian Survival
Norwegian Survival
More...
Engineering
Audio Engineering
Computer Science Engineering
Aerospace Engineering
Chemical Engineering
Structural Engineering
More...
Health Sciences
Basic Nursing Skills
Health Science Language Fundamentals
Veterinary Technology Medical Language
Cardiology
Clinical Surgery
More...
English
Grammar Fundamentals
Literary And Rhetorical Vocab
Elements Of Style Vocab
Introduction To English Major
Complete Advanced Sentences
Literature
Homonyms
More...
Math
Algebra Formulas
Basic Arithmetic: Measurements
Metric Conversions
Geometric Properties
Important Math Facts
Number Sense Vocab
Business Math
More...
Other Major Subjects
Science
Economics
History
Law
Performing-arts
Cooking
Logic & Reasoning
Trivia
Browse all subjects
Browse all tests
Most popular tests