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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. Agreement that provided the basis for the formation of the European Union.






2. The money a state earns via taxation.






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






4. A person or company from whom goods or services are bought.






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






6. A retail outlet.






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






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






9. A country's exports minus its imports.






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






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






12. A large retail unit selling a wide variety of goods in separate departments.






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






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






15. Consumer goods that have a long life span - e.g. furniture.






16. Goods bought for private use.






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






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






19. Something that is bought without being planned for.






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






21. Economic policies designed to support business and help it expand.






22. The different layers within a society e.g. class - income - education.






23. An individual or company buying from someone.






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






25. A medicine which is available without first getting a prescription from a doctor.






26. A test or way of measuring something.






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






28. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






30. When the exports a country makes exceed the imports.






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






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






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






34. Relating to cities or built up areas - not the countryside.






35. Meeting accepted guidelines or laws.






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






37. An area of land which has never been built on.






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






39. Doing something (performing a process) to make a material ready for your requirments.






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






41. An item which is no longer produced by a manufacturer or sold by a retailer.






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






43. The support of a cause.






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






45. 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.






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






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






48. Obstacles to international trade other than tariffs.






49. The way in which a company is controlled.






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