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Test your basic knowledge |
Business English Vocab Test
Start Test
Study First
Subjects
:
business-skills
,
english
,
vocabulary
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.
deficit spending
consumer goods
entrepreneurship
target market
2. The checking - ordering & processing of stock levels.
processing
CPI
constructive economic policies
inventory management
3. The resources used to produce goods and services - including land - labour - business and capital.
poverty line
factors of production
till
freehold
4. The process of turning raw materials and parts into finished products.
depression
poverty line
manufacturing
factors of production
5. Payments made like a bribe to encourage an official to allow something or get something done.
direct selling
grease payments
open source
supplier
6. Something that is bought without being planned for.
tariff
impulse purchase
convenience store
diversity
7. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
protectionism
variety store
debit-card system
tariff barriers
8. Confederation of British Industry
infringement
CBI
societal
automatic reordering system
9. Central Business District - the largest retail and office area of a city - also known as downtown
freehold
employee
monetary policies
CBD
10. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
reduced
shelf warmer
foreign exchange
BPI
11. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
Maastricht Treaty
tax haven
market penetration
social stratification
12. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
subsidy
automatic reordering system
OECD
NAFTA
13. Something that is required by law.
greenbelt
statutory
stockroom
discretionary income
14. Something which is a copy or imitation.
empowerment
fake
recession
currency hedging
15. Obstacles to international trade other than tariffs.
inventory shrinkage
market penetration
non-tariff barriers
unemployment rate
16. The Federal Reserve - the US central banking system.
Fed
tax revenue
EPOS
impulse purchase
17. Financial aid by the government to an individual or group to support an activity that is in the public interest.
depression
benchmarking
subsidy
boom
18. Organization for Economic Cooperation and Development
unemployment rate
boom
oligopoly
OECD
19. The amount of money a person has left after paying taxes and buying necessities.
discretionary income
consumer non-durables
CPI
fake
20. The hub of retailing in a city - where the most office buildings and retail stores are.
otc drug
central business district
customer
market skimming
21. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
NAFTA
inventory
automatic reordering system
advertising
22. A way of measuring performance by comparing a company to similar ones.
markdown
benchmarking
product differentiation
societal
23. The sum of money invested in new or additional equipment.
speciality store
megamall
new capital investment
CPI
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.
constructive economic policies
negotiation
manufacturing
vending machine
25. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
GDP
direct selling
WTO
debit-card system
26. Items sold in a store during a certain period measuring in number of units or value.
central business district
stock turnover
over the counter drug
BPI
27. When budget spending exceeds revenue.
retail outlet
reduced
budget deficit
EDI
28. The different layers within a society e.g. class - income - education.
store
social stratification
over the counter drug
EDI
29. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
recession
advertising
inventory management
NIMBY
30. Process of communicating back and forth until an agreement has been reached.
fiscal policies
checkout
CBI
negotiation
31. The support of a cause.
NIMBY
FMCG
advocacy
BPI
32. Relating to cities or built up areas - not the countryside.
sanctions
convenience store
negotiation
urban
33. A medicine which is available without first getting a prescription from a doctor.
Maastricht Treaty
over the counter drug
shelf warmer
diversity
34. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
RPI
quota
sustainable development
GDP
35. Items in a store which have not sold for a longer period of time.
product differentiation
sustainable
social stratification
dead stock
36. The area of the economy that produces goods and provides services.
monopoly
market equilibrium
business sector
till
37. When the exports a country makes exceed the imports.
open source
societal
discontinued
trade surplus
38. A large - long-term loan taken out to pay for a house.
mortgage
freehold
in-stock
open source
39. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
trade surplus
product differentiation
quota
bulk discount
40. A shop or store.
fiscal policies
debit-card system
retail outlet
competitive
41. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
vending machine
fake
AAA
RPI
42. A person or company from whom goods or services are bought.
budget deficit
infringement
customer
supplier
43. Someone who does something without being paid for it - e.g. working for a charity.
customer
intellectual property
volunteer
sustainable
44. The system of organizations involved in moving a product from manufacturer to customer.
supply chain
governance
oligopoly
copyright
45. A test or way of measuring something.
depression
self-service
assessment
copycat
46. An economic sanction that forbids the import of a specific product or all products from a specific country.
benchmarking
OECD
markup
embargo
47. Buying currency options that fix exchange rates for a period of time.
currency hedging
tariff barriers
White paper
grease payments
48. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
dead stock
FDI
CPI
White paper
49. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
OECD
economic growth
Maastricht Treaty
protectionism
50. A retail outlet.
recession
restrictive economic policies
reduced
store