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Business English Vocab Test
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Business English Vocab Test
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25 Questions

1. A period of decline in economic activity.

2. Hiring an external company to perform tasks for a company and reduce costs.

3. A government-imposed tax on imports.

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

5. The skills and knowledge needed to start and run a company.

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

7. A retail outlet.

8. The area of the economy that produces goods and provides services.

9. A medicine which is available without first getting a prescription from a doctor.

10. 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.

11. When governments try to stabilize economic activities by funding major projects from budget deficits.

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

13. Agreement that provided the basis for the formation of the European Union.

14. A large - long-term loan taken out to pay for a house.

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

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

17. An extremely adverse environmental condition.

18. A small owner-operated store serving a local community.

19. Financial aid by the government to an individual or group to support an activity that is in the public interest.

20. Distribution of anything for use - including time or money.

21. Organization for Economic Cooperation and Development

22. How companies try to show their products as being different from those of their rivals.

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

24. The difference between merchandise costs and retail selling price.

25. Obstacles to international trade other than tariffs.

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