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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 small owner-operated store serving a local community.






2. A reduction in the selling price of an item in order to increase sales.






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






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






5. 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.






6. The support of a cause.






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






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






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






10. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






11. Meeting accepted guidelines or laws.






12. Goods bought and used by companies - such as machines. Also known as capital goods.






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






14. A period of very high economic activity.






15. A reduction in price offered when buying an item in higher quantities.






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






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






18. An owner of shares or stocks in a company.






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






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






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






22. A test or way of measuring something.






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






24. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






25. When governments try to stabilize economic activities by funding major projects from budget deficits.






26. A period of shrinking economic activity.






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






28. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






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






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






31. The resources used to produce goods and services - including land - labour - business and capital.






32. The way in which a company is controlled.






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






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






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






36. A government-imposed tax on imports.






37. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






38. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






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






40. A voluntary sector or charity sector organization.






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






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






43. The amount of wealth - money - comfort etc that a particular person - group or society has.






44. The money a state earns via taxation.






45. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






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






47. An individual or company buying from someone.






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






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






50. Connected with society and the way it is organized.