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WorksheetsVocabulary and Market Concepts Quiz
Total questions: 91
Worksheet time: 46mins
The government is offering attractive .............. to encourage foreign investment.
value added tax
tax incentives
labour force
income tax
When .............. is attractive enough, a lot of money will be put into the bank.
income tax
inflation rate
interest rate
currency
A nation's ..............is favorable when its exports exceed its imports.
trade balance
trade surplus
trade deficit
foreign trade
He .............. $2 billion offer from Yahoo, because the deal was too risky.
took up
took in.
depended on
turned down
That country was able to repay its loans from abroad, thus, could reduce its ..............
foreign investment
trade deficit
trade surplus
foreign debt
The percentage increase in prices calculated on a monthly or annual basis is ..............
exchange rate
interest rate
unemployment rate
inflation rate
What is today's .............. between Euros and Yens?
interest rate
exchange rate
tax
inflation rate
For this weekend only, Channel store is celebrating its first year in business with an up to 30% .............. on all items.
discount.
reduction
decrease
decline
We chose this country to build a factory because they have ..............
unhealthy economy
high inflation rate
unstable politics
skilled workforce
To stimulate the economy and attract .............from abroad, the government is offering new tax incentives.
foreign affair
foreign debt
foreign investment
foreign relation
The ..............has decreased because more and more people have gone back to work as the economy recovers.
unemployment rate
inflation rate
birth rate
exchange rate
The inflation rate has dropped to under 10%, thanks to the government's tight........ policy.
money
cash
currency
monetary
When a country sells more goods to other countries than buys from them, it has a .............. trade balance.
positive
healthy
good
all of the answers
The period when trade and business activities decrease is called economic ..............
recession
fall
decrease
increase
Vietnam no longer has an advantage of skillful ..............over other countries in the region.
working hour
workforce
working condition.
working regulation
.........is any effort to gather information about what customers want or need.
Market share
Market value
Market research
Market price
The length of time people continue to buy a product is called a "product ..............".
lifecycle
launch
range
line
When informing about products and persuading customers to buy, you are trying to ............. the products.
promote
improve
buy
discontinue
The percentage of sales a company or a product has in a region is its market ..........
place
share
research
segment
Sales .............. show how much a company has sold over a certain period of time.
forecasts
figures
numbers
targets
.............. is how much a company thinks it will sell in a period.
Sales check
Sales target
Sales figure
Sales forecast
The amount of money available for advertising of a business in a period is ..............
advertising allowance
advertising target
advertising budget
advertising payment
A business which gives companies advice on advertising and making ads is called ..............
advertising place
advertised company
advertised department
advertising agency
...............is the ranking of a company or brand against its competitors in terms of its sales.
Market economy
Market place
Market order
Market position
A term used to talk about where and how people buy things is ..............
consumer behavior
consumer profile
consumer goods
consumer stock
Things people buy for their own use are ..............
consumer demand
consumer profile
consumer goods
consumer choice
.............. is the description of a typical customer.
Consumer goods
Consumer group
Consumer service
Consumer profile
The combination of products that a company has to offer is defined as ...............
product lifecycle
product market
product mix
product line
The market for outdoor jackets is ............... because there are many competitors.
profitable
competitive
favourable
stable
After the launch of the jacket, the situation was disappointing because its sales…….below the target.
rose
increased
raised
fell
Vietnam is an attractive market in Asia, so there is..............for this product.
risk
danger
disadvantage
potential
Vietnam is an attractive market in Asia, so there is..............for this product.
risk
danger
disadvantage
potential
Our team managed to meet the deadlines and .............. within the budget of the project.
draw
prepare
miss
keep
We had to ...................... our plan to visit the outlet because of the problems at the headquarters.
keep
change
stick
meet
The best business plans are simple and ................ enough to adapt to economic changes.
complex
fixed
lengthy
flexible
Thousands of business plans have failed because business owners can't ..............the future.
estimate
predict
collect
consider
After the meeting, we will ........................ a formal report which will explain how to implement this plan.
meet
read
forecast
write
A business................. is a strategy for running a business and avoiding problems.
plan
objective
budget
area
Employees are happy with the present system of ............: low basic salary and high commission.
trade
profit
payment
money
We'd like to know information about ............ in the fee for big groups of 10 or more.
discount
increase
growth
rise
Price alone is not a reliable factor of the product ..................
requirement
quantity
quality
level
There is a/an............................ in demand for their products, so the sales go up.
reduce
decline
increase
fall
Studies show that if a working environment is pleasant, employees' ................ will increase.
capability
productivity
possibility
reliability
In 1996, the government .............. special policies allowing foreign investors to hire land at low rates.
launched
introduced
issued
all of the answers
Employees think the company's main goal is to..................profit.
maximize
minimize
enlarge
decrease
People don't want to tell about their personal..................They don't talk about how much they earn a month.
profit
benefit
income
reward
In our discussion, his idea wasn't very…… Most of our staff disagreed to it.
strong
persuasive
competitive
boring
To be a good manager, you need to understand the ..........and weaknesses of your staff.
strengths
power
challenges
conditions
Problems may be more complicated to ........ if you have to wait too long, so deal with them as soon as possible.
discuss
solve
prepare
predict
Staff only work more effectively when they are satisfied, so it is very important to……. to their needs without delay.
listen
get
respond
meet
Our American manager likes to be in the……air. He is keen on sport activities such as golf, tennis and football.
open
outdoor
outside poly
outgoing
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.
keep
build
meet
turn
They are very……. conscious people and pay much attention to every medicine that they have to take.
fashion
food
health
price
He said that he.......... in his employees' ability to do the task well.
believed
dealt
invested
delegated
What should organizations do to .......... brilliant young managers?
deal
attract
believe
appeal
You shouldn't do everything yourself. An experienced manager knows clearly how to……tasks to others.
operate
make
delegate
supply
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.
respond
delegate
believe
communicate
She called back in order to ..... for sending the incorrect invoice.
apologize
adapt
respond
ask
In that meeting, the junior manager made important……. and most of participants agreed with him.
connections
mistakes
suggestions
problems
Nowadays, people live very fast but they have to remember to…………time to stand back and reflect.
take
make
keep
expand
Four years ago, two office - equipment manufacturers……….together to form a large company to survive on the competitive market.
joined
went
did
came
The way you………………….…conflict in the workplace can have an enormous impact on how you are viewed.
handle
hold
help
process
Trouble makers are likely to respect a leader with good mediation skills because they feel that someone is listening to their………………..
problems
anger
complaints
behaviour
He likes people to feel comfortable and relaxed during a negotiation. An informal........ is very important to him.
air
climate
space
atmosphere
We would have to turn to another supplier if you weren't able to…….the goods this month.
manufacture
deliver
launch
order
Social conflicts…… from frustrations of specific demands within a relationship.
have
go
arise
all are possible
In dealing with conflict, manager shouldn't……….……to conclusions or make a decision too quickly.
walk
run
jump
climb
Social conflict helps to........ the larger social environment by defining position of subgroups and power relations between them.
design
make
assemble
structure
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…….
impatient
uncreative
inconsistent
unsympathetic
He was in……..of a team involving five other members of staff, responsible for the creation of the company's website.
position.
charge
amount
responsibility
I think he is too…….. He seems to accept whatever people say, without thinking.
uncritical
unfriendly
impatient
unemotional
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.
lead
plan
tend
aim
A number of good personal………are necessary in order to deal with conflict successfully, such as sympathy, patience, and honesty
lives
manners
gestures
qualities
Some people are so ............. of conflict as they aren't able to deal with it effectively.
interested
afraid
excited
fond
………………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.
Negotiators
Mediators
Contributors
Brokers
If you don't give us more discount, we won't be able to…… the size of our order.
grow
enlarge
develop
expand
A(n)………product is one that is enjoyed or liked by a lot of people.
custom-made
down-market
popular
hand-made
The... ........ of a product is the length of time people continue to buy it.
range
lifetime
life span
lifecycle
I think the company will decide to……. the product because sales are going down steadily.
destroy
discontinue
dislike
distinguish
Nestles makes many of the world's............ food products.
best-selling
long-lasting
hard-working
fashionable
Samsonite sells practical and well-.......... bags and suitcases.
made
equipped
done
produced
If products are……., they are made especially for one person or group of people
up-market
down-market
custom-made
multi-purpose
A(n) ...........product is one that has many different uses.
custom-made
well-made
multi-purpose
well-designed
To……………..a product means to introduce it to the market.
produce
design
modify
launch
If you say a product is........, you mean that it is reasonable in price.
expensive
different
competitive
comparative
If a product is………., you can't trust it to do what you want it to do.
unfashionable
unreliable
uneconomical
unattractive
If you ...... a product, you make it available to customers after it has been produced.
distribute
advertise
test
modify
The CD tower is one of our best-selling products and it reall...the needs of music lovers.
misses
responds
meets
sees
Their products sell in the upper-price ranges and……. to fashion-conscious people.
attract
appeal
target
aim
You say that a product is………...if it is very unusual or special.
well-designed
high-quality
fashionable
unique
If a product is......... ,it doesn't cost a lot of money to use.
value for money
down-market
economical
cheap
