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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 retailer that concentrates on selling one particular type of good.






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






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






4. The buying and selling of government securities by a central bank in order to control the money supply.






5. Trade Union Congress.






6. Confederation of British Industry






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






8. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.






9. Products that can hold their own against rival products in terms of price - features or quality.






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






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






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






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






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






15. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.






16. Patterns of relationships between different groups of society.






17. The purchase of a financial product or other item of value with the hope that it will become more valuable.






18. 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.






19. Regular fluctuations in overall economic activity over time.






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






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






22. A company's main products - e.g. Opel's core product is cars.






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






24. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






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






26. The right to live in a home on a long-term tenancy.






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






28. Sets of specific restraints imposed by governments on international trade.






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






30. The variety of goods that a retailer sells.






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






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






33. A sign or symbol used by a company such as the Nike swish logo which is protected by law.






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






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






36. The rate of interest at which US banks lend money to their best corporate customers.






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






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






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






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






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






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






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






44. Machine for processing sales - giving change in a shop or restaurant.






45. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.






46. The system of organizations involved in moving a product from manufacturer to customer.






47. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






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






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






50. The total amount of money in circulation in a country.