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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 balance between interest rates and the demand for money.
negotiation
market equilibrium
PPP
employee
2. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
monopoly
public-private partnership
copycat
consumer durables
3. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?
downswing
negotiation
PPP
unemployment rate
4. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
store loyalty
advocacy
social structure
sustainability
5. When budget spending exceeds revenue.
budget deficit
customs
PPP
economic growth
6. An extremely adverse environmental condition.
blight
money supply
direct selling
BPI
7. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
FDI
grease payments
sustainability
advertising
8. The hub of retailing in a city - where the most office buildings and retail stores are.
central business district
AFL/CIO
compliance
discretionary income
9. Payments made like a bribe to encourage an official to allow something or get something done.
grease payments
budget surplus
investment
sustainable development
10. 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.
business cycle
statutory
social structure
capital spending
11. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
standard of living
restrictive economic policies
direct selling
shelf warmer
12. Goods bought and used by companies - such as machines. Also known as capital goods.
trade deficit
societal
niche strategy
producer goods
13. Regular fluctuations in overall economic activity over time.
intellectual property
business cycle
shareholder
trade deficit
14. Meeting accepted guidelines or laws.
shareholder
CBD
compliance
unemployment rate
15. The way in which a company is controlled.
speciality store
advertising
budget deficit
governance
16. Distribution of anything for use - including time or money.
customs
inventory management
CBD
allocation
17. A retail outlet.
shareholder value
store
business sector
GDP
18. Process of communicating back and forth until an agreement has been reached.
Maastricht Treaty
markdown
investment
negotiation
19. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
urban
CBD
convenience store
economic growth
20. The system of organizations involved in moving a product from manufacturer to customer.
sustainability
retail outlet
trade deficit
supply chain
21. Confederation of British Industry
trade surplus
CBI
chain
supplier
22. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
GDP
store
aggregate demand
niche strategy
23. The skills and knowledge needed to start and run a company.
impulse purchase
Green paper
entrepreneurship
investment
24. The total sum of a nation's outstanding debt.
national debt
aggregate demand
OECD
factors of production
25. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
reduced
EDI
deficit spending
WTO
26. A minimum income level below which people are officially poor.
infringement
poverty line
inventory management
self-service
27. The resources used to produce goods and services - including land - labour - business and capital.
quota
household sector
factors of production
tariff barriers
28. The amount of money a person has left after paying taxes and buying necessities.
economic growth
recession
inventory shrinkage
discretionary income
29. The different layers within a society e.g. class - income - education.
diversity
till
convenience store
social stratification
30. The number of times during a period a business sells its inventory and replaces it.
inventory turnover
duty
boom
target market
31. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
real GDP
dealer brands
EDI
oligopoly
32. A period where there is little economic activity - high unemployment and much poverty.
oligopoly
EDI
competitive
depression
33. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
market skimming
entrepreneurship
over the counter drug
supply chain
34. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
producer goods
manufacturing
discontinued
AAA
35. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
debit-card system
trademark
NIMBY
entrepreneurship
36. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
inventory
NIMBY
store loyalty
prime rate
37. A government-imposed tax on imports.
tariff
RPI
variety store
copycat
38. Doing something (performing a process) to make a material ready for your requirments.
product differentiation
foreign exchange
processing
direct selling
39. Usually software where the source code is made freely available for all users to change as they see fit.
open source
negotiation
fiscal policies
speciality store
40. Economic policies designed to support business and help it expand.
investment
store loyalty
budget surplus
constructive economic policies
41. A financial instrument that facilitates payment from one currency to another.
dealer brands
foreign exchange
checkout
speciality store
42. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
assessment
outsourcing
market skimming
economic growth
43. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
dealer brands
shareholder value
manufacturing
advertising
44. Imitating another company's ideas rather than developing your own.
Fed
copycat
budget surplus
White paper
45. A card payment system where the cost of goods or services is immediately removed from a bank account.
CPI
markup
debit-card system
product differentiation
46. When a price has been cut.
intellectual property
protectionism
reduced
beneficiary
47. An area of land which has never been built on.
intellectual property
greenfield site
inventory
business sector
48. A collection of shops under one roof with a shared entrance and food area.
shopping centre
stock turnover
product differentiation
market skimming
49. The purchase of a financial product or other item of value with the hope that it will become more valuable.
WTO
stock turnover
store loyalty
investment
50. An enormous planned shopping centre with hundreds of stores under one roof.
greenfield site
monetary policies
megamall
monopoly