Abbreviations

Test your knowledge of business abbreviations and acronyms. Look at these abbreviations,
then complete the crossword grid on the next page with the words that are missing from
their complete forms.

Across ( ) Down ( )

2. EU = _____ Union. 1. TQM = total _____ management.

4. MBO = management _____ (the 3. PPP = purchasing power _____.
letters B and O are used in one word) 5. PLC = _____ limited company.
8. USP = unique _____ point. 6. AGM = annual general _____.
9. AOB = any other _____. 7. PR = public _____.
11. PEST analysis = political, social, 10. L/C = letter of _____.
economic and _____ analysis. 12. MBA = Master of Business _____.
13. MD = Managing _____. 15. O & M = organization and _____.
14. ROI = return on _____. 16. HR = human _____.
15. M & A = _____ and acquisitions. 18. POS = point of _____.
17. OTE = on-target _____. 21. P & L statement = _____ and loss
19. PAYE = pay as you _____. statement.
20. VAT = Value Added _____. 23. ASAP = as soon as _____.
22. SWOT analysis = strengths, 24. CBD = _____ business district.
weaknesses, _____ and threats 28. COD = cash on _____.
analysis. 30. LIFO = last in, _____ out.
25. CEO = Chief _____ Officer. 31. NVQ = National Vocational _____.
26. CV = curriculum _____. 33. GNP = gross _____ product.
27. TNA = trainee _____ analysis. 35. NI = National _____.
29. TOIL = _____ off in lieu. 36. CPD = continuing professional _____.
32. RRP = recommended retail _____. 40. ESOP = employee _____ ownership
34. CFO = Chief _____ Officer. plan.
37. FAQ = frequently asked _____. 42. In £20K, K means _____.
38. RSI = repetitive strain _____. 44. EFT = _____ funds transfer.
39. RPI = retail price _____. 46. R & D = _____ and development.
41. p.a. = per _____. 47. P & P = _____ and packing.
43. APR = _____ percentage rate. 48. ISP = _____ service provider.
45. ICC = International Chamber of 50. FOB = _____ on board.
_____. 53. IOU = I owe _____. (Be careful: the word
49. FYI = for your _____. you need does not begin with the letter u)
51. NPD = new _____ development. 55. JIT production = Just-in-_____
52. SET = _____ electronic transaction. production.
54. GDP = gross _____ product.
56. VIP = very important _____.

1
For reference see Dictionary of Business 4th edition (A&C Black 978-0-713-67918-2)
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2
For reference see Dictionary of Business - 4th edition (A&C Black Publishers Ltd, 978-0-713-67918-2)