Merry Xmas * LCCI RANDOM VOCAB PRACTICE December

2018
adverse, applicants, attend, barriers, branding, by-pass, candidates, challenging, consumer,
custom duty, deficit, differentiate, distinctive, distribution, effective, ensuring, favorable,
flow, goods, granting, identify, improving, involves, negotiating, policies, producer, raise,
received, reduce, regardless, restriction, retailers (2), satisfaction, seeker, suitable, supply,
surplus, trade, treatment, unions, vacancies, wholesaler(s) (2)

1. Job _____________ that is, people who’ are looking for a job can find
information about job _____________ in the following sources.
2. HR will select the most _____________ applications and prepare a
shortlist of _____________or _____________, who are invited to
_____________ an interview.
3. Sometimes the producer will _____________the _____________ and sell
directly to the _____________
4. The balance of payments can be either _____________(when exports
exceed imports and a_____________ is created) and _____________
(when imports exceed exports and a _____________is created).
5. _____________ _____________ are organizations representing people
working in a particular industry or profession and protecting their rights.
6. The basic rights of employees are safe work environment, fair
t_____________, r_____________ sex, race, colour, religion, political
opinion, national or social origin, age, sexual orientation.
7. Government _____________ like retraining schemes _____________
better _____________ of information about job vacancies
_____________ geographical mobility of labor by providing housing or
____________ other benefits can _____________ unemployment.
8. The chain of _____________ refers to the passage of goods from
_____________ to _____________. It _____________ the activity of
traders (____________and _____________) and the use of services to
trade.
9. Job satisfaction can also be of importance when _____________ wages
and salaries. If a job is interesting, _____________ and exciting, it can
offer high job _____________, which can compensate for less money
_____________
10.The aim of _____________ is to _____________ the product from
similar items of other producers and to make it ____________to
consumers. An e_____________ brand name should be short and easy
to_____________ and remember
11.Protectionism means the _____________ of the free _____________ of
goods and services between countries by imposing _____________ to
trade.
12. Tariff is a tax or _________ ________ imposed on imported goods to
_____________the price of foreign _____________ to the home
consumer and thus to protect the home market
 LCCI RANDOM DEFINITIONS PRACTICE DECEMBER 2018
chain stores, chain of distribution, corporate branding, corporations, embargo, free
trade, fringe benefits (perks), globalization, hire-purchase, impulse buying, labor
unions, laissez-faire (free-rein style), multinational corporation, quota, retail trade,
subsidies, unemployment rate, technology transfer, trade barriers, wholesalers

1. __________________: are regulations that make trade between two

countries more difficult and expensive.
2. __________________: paying a cash deposit and then paying in
instalments over an agreed period of time
3. __________________: a limit on the quantity of the product that can be
brought into the country during a year.
4. __________________: refers to the supply of goods to the individual
consumers, buying from the wholesaler and selling to the public.
5. __________________: this is when a business uses its corporate name as
a principal brand identity.

__________________: refers to the passage of goods from producer to

consumer (manufacturer  wholesaler  retailer  individual
customers)
6. __________________: an organization, which owns or controls
production or service facilities outside the country in which it is based.
7. __________________: organisations representing people working in a
particular industry or profession and protecting their rights
8. __________________: a number of shops in common ownership.
9. __________________: the proportion of unemployed people to the total
available labour force.
10.__________________: is when no trade barriers are imposed, there is a
free flow of goods and services between countries
11.__________________: from 2 to an unlimited number of shareholders
and ownership is separated from management
12.__________________: is the tendency for the world to work as one unit,
led by large international companies doing business all over the world.
13. __________________: a government ban on trading between one
country and another
14.__________________: a government finance towards the cost of the
home-produced product so that it can be sold at a lower price
15. __________________: is the process by which multinationals benefit
their subsidiaries when introducing new technology, production processes
and management styles for them to adopt.
16. __________________: (‘invisible’ additions to the wages).
17. __________________: the leader gives general directions to workers on
the tasks to be performed leaving them to carry out the work in the way
they think is best
 18.__________________: try to make customers buy things they may not
have planned to buy.

19.__________________: are businessmen who handle goods in the

intermediate position between the producer and the retailer
20.__________________: a set of rules which explains what the customers
can expect of a company

LCCI RANDOM VOCAB PRACTICE pt. 2. (w/ first letters given)

Job s_____________, that is, people who’ are looking for a job can find
information about job v_____________ in the following sources.
HR will select the most s_____________ applications and prepare a
s_____________ of c_____________ or a_____________, who are invited to
a_____________ an interview.
Sometimes the producer will b____ -p____ the w_____________ and sell
directly to the r_____________
The b_____________ of p_____________ can be either f_____________
(when exports exceed imports and a s_____________ is created) and
a_____________ (when imports exceed exports and a d_____________ is
created).
T_____________ u_____________ are organisations representing people
working in a particular industry or profession and protecting their rights.
The basic rights of employees are safe work environment, fair t_____________,
r_____________ sex, race, colour, religion, political opinion, national or social
origin, age, sexual orientation.
Government p_____________ like p_____________ retraining schemes
e_____________ better s_____________ of information about job vacancies
i_____________geographical mobility of labour by providing housing or
g_____________ other b_____________ can r_____________ unemployment.
The chain of d_____________ refers to the passage of goods from
p_____________ to c_____________. It i_____________ the activity of traders
(w_____________ and r_____________) and the use of services to trade.
Job satisfaction can also be of importance when n_____________wages and
salaries. If a job is interesting, c_____________ and exciting, it can offer high
job s_____________, which can compensate for less money r_____________.
The aim of b_____________ is to d_____________ the product from similar
items of other producers, and to make it d____________to consumers. An
e_____________ brand name should be short and easy to i_____________ and
remember.
Protectionism means the r_____________ of the free f_____________ of goods
and services between countries by imposing b_____________ to trade.
Tariff is a tax or c_____________ d_____________ imposed on imported goods
to r_____________ the price of foreign g_____________ to the home consumer
and thus to protect the home market.

KEY
Job seekers, that is, people who’ are looking for a job can find information
about job vacancies in the following sources.
HR will select the most suitable applications and prepare a shortlist of
candidates or applicants, who are invited to attend an interview.
Sometimes the producer will by-pass the wholesaler and sell directly to the
retailer.
The balance of payments can be either favorable (when exports exceed imports
and a surplus is created) and adverse (when imports exceed exports and a
deficit is created).
Trade unions are organizations representing people working in a particular
industry or profession and protecting their rights.
The basic rights of employees are safe work environment, fair treatment,
regardless sex, race, color, religion, political opinion, national or social origin,
age, sexual orientation.
Government policies like providing retraining schemes ensuring better supply
of information about job vacancies improving geographical mobility of labor by
providing housing or granting other benefits can reduce unemployment.
The chain of distribution refers to the passage of goods from producer to
consumer. It involves the activity of traders (wholesalers and retailers) and the
use of services to trade.
Job satisfaction can also be of importance when negotiating wages and
salaries. If a job is interesting, challenging and exciting, it can offer high job
satisfaction, which can compensate for less money received.
The aim of branding is to differentiate the product from similar items of other
producers and to make it distinctive to consumers. An effective brand name
should be short and easy to identify and remember

Protectionism means the restriction of the free flow of goods and services
between countries by imposing barriers to trade.
Tariff is a tax or custom duty imposed on imported goods to raise the price of
foreign goods to the home consumer and thus to protect the home market