Business English Vocabulary Test 25 Questions on Business English Vocabulary *Correct answers will be displayed at the end of the test Click the Next button to start... 1. A plan a company follows to achieve its goals and aims is called ….. a strategy a contract an invoice a purchase order2. What does IPO stand for? Initial Public Offering Itemized Public Offering Initial Payment Occurrence Initial Payment Occidental3. A company ‘slogan’ is ……… a feature of a product that makes it different or unique. a word which refers to the company’s best selling product. an image or design that identifies the company. a short phrase used by a company in advertising.4. What does ‘USP’ mean? Unusual Selling Process Unique Selling Point Unique Selling Proposition Understanding Sales Process.5. What does ‘to launch a product’ mean? to create a new product. to sell a new product to a customer. to offer something free to a customer. to make a new product available to customers for the first time.6. What is a new company created to address a supply or demand issue often called? A kickstarter A startup An upstart A head start7. ……………….is the process of creating an image for a company so that customers can identify and differentiate it from the competitors. Branding Hiring Advertising Pitching8. In Business English, the verb ‘to pivot’ means…. to change your business strategy in order to be successful. to buy one of your competitors. to advertise a new product to customers to change the price of your products or services9. ‘Cold-calling’ means to………. call a customer during the winter. call your boss to tell him you are sick and can’t go to work. call a person to try to sell them something that the person hasn’t asked for. call a customer after you have sold them something to see whether they are happy.10. Which of the following is not an example of ‘a perk’? Your company organises staff social events every Friday evening where you get free dinner and wine. You get a discount of 50% off membership at a gym from your employer. You get extra money at the end of each month if you meet your sales targets You work for a hotel and you are allowed to stay at that hotel for free anywhere in the world. 11. A ‘deal’ is when you…….. buy something from a company put a product on sale. make a business agreement. give something to someone for free.12. What does it mean ‘to resign’? When you lose your job because you are not doing a good job. When you move to another country to work for the company. When you take time off to go on holiday. When you tell your manager that you want to stop working for the company.13. The group of people who a product is aimed at is called…. the product market. the target group. the target market. the market mix.14. ‘To go on strike’ means to…… fake being sick for one day. stop working to protest conditions. stop work and go on holiday. hit one of your colleagues.15. ‘A quote’ is………………. an estimated price for a job or service. a contract between two companies. a summary of a business strategy. a bill for a product or service.16. What is ‘supply’? The number of products customers return after buying them. The total amount of a product available for purchase. The number of products that customers will buy at a certain price. The number of potential customers for a product.17. Money that is invested into businesses to help them grow is called …….? Business loans. Venture Capital. Capitalism Revenue Capital18. A ‘tender process’ means to………. invite companies to bid for large projects or ongoing work. a legal process to solve a dispute in a company. invite employees to apply for a promotion. cancel a contract with another company.19. What does HR stand for? Human Resources Human Returns High Resources High Reward20. What is ‘demand’? The number of products that customers will buy at a certain price. The number of products a company can produce. A number of products a company orders from a wholesaler. The number of products that are returned by customers.21. Why might a company ‘fire’ an employee? Because they brought in a new, valuable client. Because they were late for work once. Because they repeatedly failed to do their work to an adequate standard. Because they have been in the company more than 10 years.22. What is ‘a wholesaler’? A person or company who buys products large quantities of products and sells them to the public. A person or company who makes products to sell to other companies. A person or company who makes products to sell to customers in a store. A person or company who buys products large quantities of products and sells them to other companies for resale.23. Which of the following is the correct definition for ‘to forecast’? To try to sell a product to a new customer To guess what might happen in the future. to program a computer to try to buy another competitor company24. Which of these is an example of ‘a joint-venture’? A company getting finance from a bank to start a project in a new market. A company partnering with a local business to enter a foreign market. A company hiring another company to help with a project because they are an expert in that area. A company buying out a different company in a foreign market to expand their operations.25. Which of these people is a ‘shareholder’ in a company? A person who buys a new product from a company. A company employee The CEO of the company. A person who who buys company stock on the Stock Market.Finished! To see your results please enter your Name and Email below *By entering your details you are subscribing to Absolute English. Sometimes we will send you an email with some tips to improve your English. Name Email RELATED POSTS How to succeed in the IELTS Speaking Test part 3by Absolute EnglishSeptember 11, 2018 Tips and Topics for the IELTS Speaking Test part 2: the ‘Long Turn’by Absolute EnglishSeptember 11, 2018 Everything you need to know to prepare for the IELTS Speaking Test Part 1by Absolute EnglishSeptember 11, 2018 What is IELTS? 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