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B2 Business Vocabulary 3

Total questions: 55

Worksheet time: 28mins

Name
Class
Date
1.

A proxy is :

a)

someone who sells something.

b)

a substitute / replacement for something else.

c)

a result.

d)

a deadline

2.

A vendor is :

a)

Someone who helps you .

b)

something solid.

c)

someone who is selling something.

d)

money

3.

An impact is :

a)

to have a bad experience.

b)

to have a good experience.

c)

to have a good time.

d)

to have a strong effect on someone or something.

4.

An outcome is :

a)

an experience that you didn't want.

b)

a wish.

c)

a result or effect of an action or situation.

d)

a result that doesn't work.

5.

If something doesn't go according to plan then you should have a (a)   .

6.

To include something when you are doing a calculation or when you're trying to understand something you should is to (a)   .

7.

become angry or excited means :

a)

to lose your cool or emotions.

b)

to focus on your emotions.

c)

to have too may emotions.

8.

Complete the sentence:

I want to pay _____ that _____ cash.

a)

for / by

b)

on / in

c)

for / in

d)

-/ in

9.

Complete the sentence:

______ addition to this, we agreed to give you a 5% discount ____ sales which exceed 40 pieces.

a)

on / in

b)

in/ on

c)

by / in

d)

for / on

10.

We will do this _____condition that you phone us as soon as you know.

a)

in

b)

by

c)

at

d)

on

11.

We are waiting for their agreement _____ writing.

a)

to

b)

on

c)

in

d)

for

12.

We should _______________ in stocks now.

a)

invert

b)

invest

c)

earn

d)

save

13.
Being an "entrepreneur" means someone...
a)
exchanges of a commodity for money
b)
who organizes, manages, and assumes the risks of a business 
c)
gathers information about consumers' needs and preferences
14.
"Marketing" a product includes...
a)
exchange of a commodity for money
b)
the action or business of promoting and selling products or services
c)
the action or activity of gathering information about consumers' needs and preferences
15.
"Management" is the...
a)
process of dealing with or controlling things or people
b)
the efficient and effective management of money 
c)
all information systems that support the storage, retrieval and maintenance of information 
16.
"Financial Management" is the management of...
a)
products
b)
money
c)
shoes
17.
"Market research" is the process of gathering...
a)
raising customer awareness of a product or brand
b)
information about consumers' needs and preferences
c)
shoes
18.
"E-Marketing" is the practice of marketing...
a)
online
b)
in person
c)
door to door
19.

Steps to start a business: __________________ a business plan.

a)

Create

b)

Set up

c)

Research

d)

Advertise

20.

Steps to start a business: __________________ a website.

a)

Create

b)

Set up

c)

Research

d)

Advertise

21.

Steps to start a business: __________________ the target market and the competition.

a)

Create

b)

Set up

c)

Research

d)

Advertise

22.

Steps to start a business: __________________ a product or service online, in print publications, with signs, or online.

a)

Create

b)

Set up

c)

Research

d)

Advertise

23.

________________________ means to introduce your business to the marketplace. This is when your organization begins marketing and selling your solution.

a)

To plan a marketing strategy

b)

To launch your business

c)

To set up a website

d)

To create a business plan

24.

What is a business plan?

a)

Written document that only outlines the business practices of the new business.

b)

Written document that describes the financial aspects of the business.

c)

Written document that only describes the ownership of the business.

d)

Written document that describes all the steps necessary for opening and operating a successful business.

25.

An entrepreneur is creating a business plan for a new business ; they are including a section on sources of finance. Which of these are appropriate sources of finance to suggest? (Suggest as many as are appropriate)

a)

a government grant

b)

Retained profit

c)

Personal savings

d)

Bank loan

26.

A large amount of money used for starting a new business is :

a)

profit

b)

a loan

c)

capital

d)

savings

27.

A ___________ is the name or symbol which is put on a product to show that it is made by a particular producer and it can't be legally used by another producer.

a)

brand

b)

sticker

c)

trademark

d)

name

28.

________ are people who put money into something in order to make a profit or get an advantage.

a)

Customers

b)

Investors

c)

Business

d)

Buyers

29.

another word for idea is:

a)

goal

b)

plan

c)

concept

d)

conflict

30.

A deal that produces a lot of money is a ___________ deal.

a)

rich

b)

lucrative

c)

special

d)

credit

31.

__________ are shops that are owned by a company and that sell the goods which the company has produced.

a)

Outlets

b)

Stores

c)

Factories

d)

Offices

32.

The activity of selling goods to the public , usually in small quantities is known as _____________.

a)

sales

b)

Wholesale

c)

retail

d)

promotion

33.

The _____________ is the system of people and things that are involved in getting a product from the place where it is made to the person who buys it.

a)

factory

b)

Sales people

c)

concept

d)

supply chain

34.

The total income that a compnay receives regularly is the _________ .

a)

profit

b)

gross revenue

c)

credit

d)

pay

35.

Useful or valuable possessions are :

a)

resources

b)

products

c)

costs

36.

A _________ is a type of business that is owned and operated by an individual but that is branded and overseen by a much larger—usually national or multinational—company.

a)

start up company

b)

private company

c)

franchise

d)

shop

37.

profit is :

a)

money which is earned before paying the costs of producing and selling goods and services.

b)

moaney that you have earned.

c)

money which is earned after paying the costs of producing and selling goods and services.

d)

money that you have to pay back to the bank.

38.

The total amount of money received from sales of goods and services is ____________.

a)

credit

b)

turnover

c)

retail

d)

debt

39.

an _________ is something valuable that belongs to an organisation which can be used for the payment of debts.

a)

approval

b)

interest

c)

asset

d)

ancestor

40.

_______ means debt.

a)

liability

b)

profit

c)

tax

d)

resource

41.

Money that you have to pay to the government based on your income or profits is _______.

a)

interest

b)

a cost

c)

tax

d)

capital

42.

The money you need to spend to keep an organisation functioning :

a)

costs

b)

interest

c)

taxes

d)

income

43.

The __________ is the amount that a bank charges on money that it lends.

a)

costs

b)

gross revenue

c)

interest cost

d)

interest rate

44.

A method of paying for goods or services at a later time is known as :

a)

interest rate

b)

credit

c)

tax

d)

concept

45.

A loan used to buy a house is a ___________.

a)

credit loan

b)

profit

c)

mortgage

d)

venture capital

46.

Which words can collocate with raise

a)

a business plan

b)

a loan

c)

money

d)

finance

e)

a company

47.

What can you borrow ?

a)

money

b)

a loan

c)

a pencil

d)

a book

48.

you can carry out :

a)

a loan

b)

a business plan

c)

market research

d)

money

49.

What can you launch?

a)

a company

b)

some money

c)

a product

d)

a loan

50.

What can you repay?

a)

a business plan

b)

money

c)

a mortgage

d)

a loan

51.

a house or building, together with its land and outbuildings, occupied by a business or considered in an official context is :

a)

an office

b)

the premises

c)

construction site

d)

a company

52.

The money coming into a company from a particularactivity over a period of time , or the activity itself is known as :

a)

salary

b)

revenue stream

c)

turnover

d)

profit

53.

a synonym for rich is:

a)

poor

b)

wealthy

c)

easy

d)

tall

54.

A new venture is a ____________.

a)

late business activity

b)

strange business actvity

c)

new business activity

d)

big business

55.

If you _____________ you use the opportunity to sell a product or service because there is a need or demand for it because noone supplies

a)

look into something

b)

exploit a gap in the market

c)

find a shop