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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 customer group a retailer wants to attract and satisfy.






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






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






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






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






6. Something that is bought without being planned for.






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






8. Confederation of British Industry






9. Central Business District - the largest retail and office area of a city - also known as downtown






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






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






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






13. Something that is required by law.






14. Something which is a copy or imitation.






15. Obstacles to international trade other than tariffs.






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






17. Financial aid by the government to an individual or group to support an activity that is in the public interest.






18. Organization for Economic Cooperation and Development






19. The amount of money a person has left after paying taxes and buying necessities.






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






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






22. A way of measuring performance by comparing a company to similar ones.






23. The sum of money invested in new or additional equipment.






24. 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.






25. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






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






27. When budget spending exceeds revenue.






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






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






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






31. The support of a cause.






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






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






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






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






36. The area of the economy that produces goods and provides services.






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






38. A large - long-term loan taken out to pay for a house.






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






40. A shop or store.






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






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






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






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






45. A test or way of measuring something.






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






47. Buying currency options that fix exchange rates for a period of time.






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






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






50. A retail outlet.