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






2. Something which is a copy or imitation.






3. 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.






4. 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.






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






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






7. When a small number of companies control a certain market.






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






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






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






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






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






13. A small owner-operated store serving a local community.






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






15. The money a state earns via taxation.






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






17. 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.






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






19. Economic policies that use money e.g. interest rates or money supply as the major instruments.






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






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






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






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






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






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






26. A minimum income level below which people are officially poor.






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






28. Someone who does something without being paid for it - e.g. working for a charity.






29. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






30. A retail outlet.






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






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






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






34. A period of economic expansion.






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






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






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






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






39. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






40. Something that is required by law.






41. Imitating another company's ideas rather than developing your own.






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






43. A period of very high economic activity.






44. A voluntary sector or charity sector organization.






45. A test or way of measuring something.






46. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






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






48. The rare situation when budget spending is smaller than revenue.






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






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