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Business English Vocab Test
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Business English Vocab Test
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25 Questions

1. An item which is no longer produced by a manufacturer or sold by a retailer.

2. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.

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

4. A tax imposed on imports by the customs authority of a country.

5. A shop or store.

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

7. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.

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

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

10. Government policies to cool down an economy and prevent inflation during boom periods.

11. A self-service food store with grocery - meat and produce departments.

12. Focusing on a more specific line of products or services in comparison to competitors.

13. A government-imposed tax on imports.

14. When a customer regularly uses a store they know - like and trust.

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

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

17. The rate of interest at which US banks lend money to their best corporate customers.

18. Regular fluctuations in overall economic activity over time.

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

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

21. Obstacles to international trade other than tariffs.

22. The right to live in a home on a long-term tenancy.

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

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

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

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