SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
questionable payments
economic growth
greenbelt
EPOS
2. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
oligopoly
chain
loyalty card
bulk discount
3. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
self-service
shareholder
markup
inventory
4. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
vending machine
convenience store
variety store
market equilibrium
5. Meeting accepted guidelines or laws.
compliance
target market
business sector
negotiation
6. The money a state earns via taxation.
deficit spending
capital spending
tax revenue
niche strategy
7. When a small number of companies control a certain market.
till
shareholder
oligopoly
product differentiation
8. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.
franchising
outsourcing
tariff barriers
Americorps
9. Process of communicating back and forth until an agreement has been reached.
negotiation
protectionism
OECD
Americorps
10. Consumer goods that have a short life span - e.g. food or paper tissues.
idle capacity
export controls
consumer non-durables
monetary policies
11. The process of turning raw materials and parts into finished products.
advocacy
subsidy
manufacturing
investment
12. Hiring an external company to perform tasks for a company and reduce costs.
impulse purchase
outsourcing
social structure
in-stock
13. Payments made like a bribe to encourage an official to allow something or get something done.
fiscal policies
grease payments
PPP
boom
14. Business wholly owned by its employees with the emphasis on group decision making.
cooperative
manufacturing
dealer brands
discretionary income
15. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
duty
tariff
advertising
restrictive economic policies
16. Regular fluctuations in overall economic activity over time.
market skimming
in-stock
intellectual property
business cycle
17. An extremely adverse environmental condition.
intellectual property
blight
CPI
Green paper
18. An owner of shares or stocks in a company.
inventory shrinkage
shareholder
GDP
household sector
19. Development which can be done without harming the environment or natural resources.
manufacturing
balance of payments
public-private partnership
sustainable development
20. A storeroom where items which cannot be put on display are stored.
niche strategy
shopping centre
market skimming
stockroom
21. Items sold in a store during a certain period measuring in number of units or value.
stock turnover
AAA
impulse purchase
Green paper
22. An area of land which has never been built on.
greenfield site
copycat
NAFTA
tariff
23. A way of measuring performance by comparing a company to similar ones.
PPP
social structure
benchmarking
GDP
24. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
intellectual property
NAFTA
balance of payments
CBI
25. The violation of a law or right.
public-private partnership
embargo
real GDP
infringement
26. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
franchising
automatic reordering system
depression
WTO
27. The purchase of a financial product or other item of value with the hope that it will become more valuable.
investment
chain
stock turnover
market equilibrium
28. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
consumer durables
store loyalty
capital spending
GDP
29. Regulations that mean permission from the government is required before certain items can be exported.
shopping centre
economic growth
market equilibrium
export controls
30. Goods bought for private use.
consumer non-durables
consumer goods
competitive
budget surplus
31. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
EPOS
fake
greenfield site
inventory turnover
32. A person who works for someone else in exchange for payment.
employee
stock turnover
market skimming
entrepreneurship
33. Distribution of anything for use - including time or money.
allocation
advocacy
standard of living
embargo
34. When a company reduces their output during a recession they have excess or idle capacity.
EPOS
WTO
beneficiary
idle capacity
35. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
quota
beneficiary
investment
business sector
36. 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.
societal
store loyalty
copyright
mission statement
37. The total sum of goods and services in demand.
mission statement
aggregate demand
stock turnover
over the counter drug
38. A tax imposed on imports by the customs authority of a country.
debit-card system
market penetration
RPI
duty
39. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
trade surplus
FMCG
AAA
inventory management
40. A retail outlet.
benchmarking
bulk discount
discretionary income
store
41. 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.
fiscal policies
stock turnover
reduced
embargo
42. A medicine which is available without first getting a prescription from a doctor.
barter
over the counter drug
width of assortment
restrictive economic policies
43. The skills and knowledge needed to start and run a company.
width of assortment
empowerment
entrepreneurship
current account
44. A large - long-term loan taken out to pay for a house.
balance of trade
NIMBY
mortgage
CBD
45. The rare situation when budget spending is smaller than revenue.
current account
budget surplus
shareholder
urban
46. An imitation of a product made with the intent to defraud a customer.
tariff barriers
width of assortment
trademark
counterfeit
47. The Federal Reserve - the US central banking system.
otc drug
Fed
product differentiation
foreign exchange
48. The difference between merchandise costs and retail selling price.
markup
Nominal GDP
franchising
customs
49. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
department store
shelf warmer
currency hedging
50. The resources used to produce goods and services - including land - labour - business and capital.
factors of production
trade deficit
FMCG
EDI