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






2. A period of economic expansion.






3. The skills and knowledge needed to start and run a company.






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






5. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






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






7. A retail outlet.






8. Payments made like a bribe to encourage an official to allow something or get something done.






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






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






11. The customer group a retailer wants to attract and satisfy.






12. A financial instrument that facilitates payment from one currency to another.






13. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






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






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






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






17. The support of a cause.






18. 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.






19. How companies try to show their products as being different from those of their rivals.






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






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






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






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






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






25. The difference between merchandise costs and retail selling price.






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






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






28. Goods bought for private use.






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






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






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






32. Organization for Economic Cooperation and Development






33. 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.






34. 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.






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






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






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






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






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






40. Meeting accepted guidelines or laws.






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






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






43. When a price has been cut.






44. A period of shrinking economic activity.






45. A voluntary sector or charity sector organization.






46. A self-service food store with grocery - meat and produce departments.






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






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






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






50. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?