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Vocabulary and Market Concepts Quiz

Total questions: 91

Worksheet time: 46mins

Name
Class
Date
1.

The government is offering attractive .............. to encourage foreign investment.

a)

value added tax

b)

tax incentives

c)

labour force

d)

income tax

2.

When .............. is attractive enough, a lot of money will be put into the bank.

a)

income tax

b)

inflation rate

c)

interest rate

d)

currency

3.

A nation's ..............is favorable when its exports exceed its imports.

a)

trade balance

b)

trade surplus

c)

trade deficit

d)

foreign trade

4.

He .............. $2 billion offer from Yahoo, because the deal was too risky.

a)

took up

b)

took in.

c)

depended on

d)

turned down

5.

That country was able to repay its loans from abroad, thus, could reduce its ..............

a)

foreign investment

b)

trade deficit

c)

trade surplus

d)

foreign debt

6.

The percentage increase in prices calculated on a monthly or annual basis is ..............

a)

exchange rate

b)

interest rate

c)

unemployment rate

d)

inflation rate

7.

What is today's .............. between Euros and Yens?

a)

interest rate

b)

exchange rate

c)

tax

d)

inflation rate

8.

For this weekend only, Channel store is celebrating its first year in business with an up to 30% .............. on all items.

a)

discount.

b)

reduction

c)

decrease

d)

decline

9.

We chose this country to build a factory because they have ..............

a)

unhealthy economy

b)

high inflation rate

c)

unstable politics

d)

skilled workforce

10.

To stimulate the economy and attract .............from abroad, the government is offering new tax incentives.

a)

foreign affair

b)

foreign debt

c)

foreign investment

d)

foreign relation

11.

The ..............has decreased because more and more people have gone back to work as the economy recovers.

a)

unemployment rate

b)

inflation rate

c)

birth rate

d)

exchange rate

12.

The inflation rate has dropped to under 10%, thanks to the government's tight........ policy.

a)

money

b)

cash

c)

currency

d)

monetary

13.

When a country sells more goods to other countries than buys from them, it has a .............. trade balance.

a)

positive

b)

healthy

c)

good

d)

all of the answers

14.

The period when trade and business activities decrease is called economic ..............

a)

recession

b)

fall

c)

decrease

d)

increase

15.

Vietnam no longer has an advantage of skillful ..............over other countries in the region.

a)

working hour

b)

workforce

c)

working condition.

d)

working regulation

16.

.........is any effort to gather information about what customers want or need.

a)

Market share

b)

Market value

c)

Market research

d)

Market price

17.

The length of time people continue to buy a product is called a "product ..............".

a)

lifecycle

b)

launch

c)

range

d)

line

18.

When informing about products and persuading customers to buy, you are trying to ............. the products.

a)

promote

b)

improve

c)

buy

d)

discontinue

19.

The percentage of sales a company or a product has in a region is its market ..........

a)

place

b)

share

c)

research

d)

segment

20.

Sales .............. show how much a company has sold over a certain period of time.

a)

forecasts

b)

figures

c)

numbers

d)

targets

21.

.............. is how much a company thinks it will sell in a period.

a)

Sales check

b)

Sales target

c)

Sales figure

d)

Sales forecast

22.

The amount of money available for advertising of a business in a period is ..............

a)

advertising allowance

b)

advertising target

c)

advertising budget

d)

advertising payment

23.

A business which gives companies advice on advertising and making ads is called ..............

a)

advertising place

b)

advertised company

c)

advertised department

d)

advertising agency

24.

...............is the ranking of a company or brand against its competitors in terms of its sales.

a)

Market economy

b)

Market place

c)

Market order

d)

Market position

25.

A term used to talk about where and how people buy things is ..............

a)

consumer behavior

b)

consumer profile

c)

consumer goods

d)

consumer stock

26.

Things people buy for their own use are ..............

a)

consumer demand

b)

consumer profile

c)

consumer goods

d)

consumer choice

27.

.............. is the description of a typical customer.

a)

Consumer goods

b)

Consumer group

c)

Consumer service

d)

Consumer profile

28.

The combination of products that a company has to offer is defined as ...............

a)

product lifecycle

b)

product market

c)

product mix

d)

product line

29.

The market for outdoor jackets is ............... because there are many competitors.

a)

profitable

b)

competitive

c)

favourable

d)

stable

30.

After the launch of the jacket, the situation was disappointing because its sales…….below the target.

a)

rose

b)

increased

c)

raised

d)

fell

31.

Vietnam is an attractive market in Asia, so there is..............for this product.

a)

risk

b)

danger

c)

disadvantage

d)

potential

32.

Vietnam is an attractive market in Asia, so there is..............for this product.

a)

risk

b)

danger

c)

disadvantage

d)

potential

33.

Our team managed to meet the deadlines and .............. within the budget of the project.

a)

draw

b)

prepare

c)

miss

d)

keep

34.

We had to ...................... our plan to visit the outlet because of the problems at the headquarters.

a)

keep

b)

change

c)

stick

d)

meet

35.

The best business plans are simple and ................ enough to adapt to economic changes.

a)

complex

b)

fixed

c)

lengthy

d)

flexible

36.

Thousands of business plans have failed because business owners can't ..............the future.

a)

estimate

b)

predict

c)

collect

d)

consider

37.

After the meeting, we will ........................ a formal report which will explain how to implement this plan.

a)

meet

b)

read

c)

forecast

d)

write

38.

A business................. is a strategy for running a business and avoiding problems.

a)

plan

b)

objective

c)

budget

d)

area

39.

Employees are happy with the present system of ............: low basic salary and high commission.

a)

trade

b)

profit

c)

payment

d)

money

40.

We'd like to know information about ............ in the fee for big groups of 10 or more.

a)

discount

b)

increase

c)

growth

d)

rise

41.

Price alone is not a reliable factor of the product ..................

a)

requirement

b)

quantity

c)

quality

d)

level

42.

There is a/an............................ in demand for their products, so the sales go up.

a)

reduce

b)

decline

c)

increase

d)

fall

43.

Studies show that if a working environment is pleasant, employees' ................ will increase.

a)

capability

b)

productivity

c)

possibility

d)

reliability

44.

In 1996, the government .............. special policies allowing foreign investors to hire land at low rates.

a)

launched

b)

introduced

c)

issued

d)

all of the answers

45.

Employees think the company's main goal is to..................profit.

a)

maximize

b)

minimize

c)

enlarge

d)

decrease

46.

People don't want to tell about their personal..................They don't talk about how much they earn a month.

a)

profit

b)

benefit

c)

income

d)

reward

47.

In our discussion, his idea wasn't very…… Most of our staff disagreed to it.

a)

strong

b)

persuasive

c)

competitive

d)

boring

48.

To be a good manager, you need to understand the ..........and weaknesses of your staff.

a)

strengths

b)

power

c)

challenges

d)

conditions

49.

Problems may be more complicated to ........ if you have to wait too long, so deal with them as soon as possible.

a)

discuss

b)

solve

c)

prepare

d)

predict

50.

Staff only work more effectively when they are satisfied, so it is very important to……. to their needs without delay.

a)

listen

b)

get

c)

respond

d)

meet

51.

Our American manager likes to be in the……air. He is keen on sport activities such as golf, tennis and football.

a)

open

b)

outdoor

c)

outside poly

d)

outgoing

52.

Vietnam is one of the most attractive markets in Asia, so there is a lot of potential for this product and you can……..up sales here.

a)

keep

b)

build

c)

meet

d)

turn

53.

They are very……. conscious people and pay much attention to every medicine that they have to take.

a)

fashion

b)

food

c)

health

d)

price

54.

He said that he.......... in his employees' ability to do the task well.

a)

believed

b)

dealt

c)

invested

d)

delegated

55.

What should organizations do to .......... brilliant young managers?

a)

deal

b)

attract

c)

believe

d)

appeal

56.

You shouldn't do everything yourself. An experienced manager knows clearly how to……tasks to others.

a)

operate

b)

make

c)

delegate

d)

supply

57.

He wasn't ready for this new position, so his new job didn't go well. He didn't know how to …….with his staff at all.

a)

respond

b)

delegate

c)

believe

d)

communicate

58.

She called back in order to ..... for sending the incorrect invoice.

a)

apologize

b)

adapt

c)

respond

d)

ask

59.

In that meeting, the junior manager made important……. and most of participants agreed with him.

a)

connections

b)

mistakes

c)

suggestions

d)

problems

60.

Nowadays, people live very fast but they have to remember to…………time to stand back and reflect.

a)

take

b)

make

c)

keep

d)

expand

61.

Four years ago, two office - equipment manufacturers……….together to form a large company to survive on the competitive market.

a)

joined

b)

went

c)

did

d)

came

62.

The way you………………….…conflict in the workplace can have an enormous impact on how you are viewed.

a)

handle

b)

hold

c)

help

d)

process

63.

Trouble makers are likely to respect a leader with good mediation skills because they feel that someone is listening to their………………..

a)

problems

b)

anger

c)

complaints

d)

behaviour

64.

He likes people to feel comfortable and relaxed during a negotiation. An informal........ is very important to him.

a)

air

b)

climate

c)

space

d)

atmosphere

65.

We would have to turn to another supplier if you weren't able to…….the goods this month.

a)

manufacture

b)

deliver

c)

launch

d)

order

66.

Social conflicts…… from frustrations of specific demands within a relationship.

a)

have

b)

go

c)

arise

d)

all are possible

67.

In dealing with conflict, manager shouldn't……….……to conclusions or make a decision too quickly.

a)

walk

b)

run

c)

jump

d)

climb

68.

Social conflict helps to........ the larger social environment by defining position of subgroups and power relations between them.

a)

design

b)

make

c)

assemble

d)

structure

69.

When I told him I was feeling really bad, all he asked was 'Will you be able to meet the deadline?' How can anyone be so…….

a)

impatient

b)

uncreative

c)

inconsistent

d)

unsympathetic

70.

He was in……..of a team involving five other members of staff, responsible for the creation of the company's website.

a)

position.

b)

charge

c)

amount

d)

responsibility

71.

I think he is too…….. He seems to accept whatever people say, without thinking.

a)

uncritical

b)

unfriendly

c)

impatient

d)

unemotional

72.

There is abundant evidence that conflicts…………to be prolonged and to become increasingly frustrating because the conflicting parties do not really listen to one another.

a)

lead

b)

plan

c)

tend

d)

aim

73.

A number of good personal………are necessary in order to deal with conflict successfully, such as sympathy, patience, and honesty

a)

lives

b)

manners

c)

gestures

d)

qualities

74.

Some people are so ............. of conflict as they aren't able to deal with it effectively.

a)

interested

b)

afraid

c)

excited

d)

fond

75.

………………can play many roles in solving conflicts: getting participants to talk to each other, setting the agenda, helping disputants understand their problems, and suggesting possible solutions.

a)

Negotiators

b)

Mediators

c)

Contributors

d)

Brokers

76.

If you don't give us more discount, we won't be able to…… the size of our order.

a)

grow

b)

enlarge

c)

develop

d)

expand

77.

A(n)………product is one that is enjoyed or liked by a lot of people.

a)

custom-made

b)

down-market

c)

popular

d)

hand-made

78.

The... ........ of a product is the length of time people continue to buy it.

a)

range

b)

lifetime

c)

life span

d)

lifecycle

79.

I think the company will decide to……. the product because sales are going down steadily.

a)

destroy

b)

discontinue

c)

dislike

d)

distinguish

80.

Nestles makes many of the world's............ food products.

a)

best-selling

b)

long-lasting

c)

hard-working

d)

fashionable

81.

Samsonite sells practical and well-.......... bags and suitcases.

a)

made

b)

equipped

c)

done

d)

produced

82.

If products are……., they are made especially for one person or group of people

a)

up-market

b)

down-market

c)

custom-made

d)

multi-purpose

83.

A(n) ...........product is one that has many different uses.

a)

custom-made

b)

well-made

c)

multi-purpose

d)

well-designed

84.

To……………..a product means to introduce it to the market.

a)

produce

b)

design

c)

modify

d)

launch

85.

If you say a product is........, you mean that it is reasonable in price.

a)

expensive

b)

different

c)

competitive

d)

comparative

86.

If a product is………., you can't trust it to do what you want it to do.

a)

unfashionable

b)

unreliable

c)

uneconomical

d)

unattractive

87.

If you ...... a product, you make it available to customers after it has been produced.

a)

distribute

b)

advertise

c)

test

d)

modify

88.

The CD tower is one of our best-selling products and it reall...the needs of music lovers.

a)

misses

b)

responds

c)

meets

d)

sees

89.

Their products sell in the upper-price ranges and……. to fashion-conscious people.

a)

attract

b)

appeal

c)

target

d)

aim

90.

You say that a product is………...if it is very unusual or special.

a)

well-designed

b)

high-quality

c)

fashionable

d)

unique

91.

If a product is......... ,it doesn't cost a lot of money to use.

a)

value for money

b)

down-market

c)

economical

d)

cheap