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






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






3. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






4. Something which is a copy or imitation.






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






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






7. 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.






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






9. The number of times during a period a business sells its inventory and replaces it.






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






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






12. Trade Union Congress.






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






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






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






16. A retailer that concentrates on selling one particular type of good.






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






18. The support of a cause.






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






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






21. An extremely adverse environmental condition.






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






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






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






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






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






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






28. 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.






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






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






31. When a customer regularly uses a store they know - like and trust.






32. The process of turning raw materials and parts into finished products.






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






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






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






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






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






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






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






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






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






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






43. The Federal Reserve - the US central banking system.






44. American Federation of Labour / Association of Industrial Organizations






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






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






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






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






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






50. A period of shrinking economic activity.