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






2. A range of many things or people that are very different from each other.






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






4. Something that is bought without being planned for.






5. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






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






7. A collection of shops under one roof with a shared entrance and food area.






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






9. An enormous planned shopping centre with hundreds of stores under one roof.






10. Machine for processing sales - taking payments - giving change. Also know as a cash register.






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






12. Obstacles to international trade other than tariffs.






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






14. Volunteer organization for young - disadvantaged Americans.






15. The variety of goods that a retailer sells.






16. Something which is a copy or imitation.






17. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






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






20. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






21. Economic policies designed to support business and help it expand.






22. When a company reduces their output during a recession they have excess or idle capacity.






23. Value of the entire company as expressed by its market capitalization.






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






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






26. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






27. Something that is required by law.






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






29. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






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






31. Exclusive ownership of a property for an indefinite period of time.






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






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






34. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






35. When budget spending exceeds revenue.






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






37. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






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






39. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.






40. A period of shrinking economic activity.






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






42. When a price has been cut.






43. 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.






44. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






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






46. A shop or store.






47. Goods bought and used by companies - such as machines. Also known as capital goods.






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






49. Development which can be done without harming the environment or natural resources.






50. The rare situation when budget spending is smaller than revenue.