Business Vocabulary — Set 2: Practice flashcards
6 of 33 questions free to study here · 9 topics · the whole deck is built into Willys
Thirty-three sentence-completion questions on the Set 2 words, set in shops, offices and boardrooms: four choices, one blank, and why the tempting wrong answer fails.
Practice deck · part of Business Vocabulary · written against: The terms of everyday business, finance, marketing and the workplace; American usage; our own word selection. Updated 2026-10-10.
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Ridgeway Freight owns its own fuel depot, so its cost per mile runs far below every rival's; customers never see this ______, yet it lets the firm charge less on almost every route.
A) market share
B) competitive advantage
C) value proposition
D) brand awarenessB) competitive advantageStrategy & Planning
Lower costs that let a firm outperform its rivals are a competitive advantage. Value proposition is tempting, but a value proposition is the benefit customers are offered and buy for, and customers never see this edge. -
To win college students, Brindle Juice changed its whole ______ at once: a smaller cup, a lower price, a cart near campus and ads on the student radio station.
A) branding
B) marketing mix
C) campaign
D) value propositionB) marketing mixMarketing & Sales
Product, price, place and promotion changing together make up the marketing mix. Campaign is tempting because of the radio ads, but a campaign is a series of ads or messages, and a cup's size, price and location are not ads. -
A Tarnlow sweater passes through a sheep farm in New Zealand, a spinning mill in Peru, a dye works in Italy and a warehouse in Ohio; a strike at any one stalls the whole ______.
A) distribution
B) inventory
C) supply chain
D) assembly lineC) supply chainOperations & Supply
Every firm and stage the wool passes through before it reaches a buyer makes up the supply chain. Distribution is tempting, but that word covers only the last stretch, after the sweater is made, not the farm, mill and dye works. -
In the government's monthly report, households bought fewer cars and restaurant meals but more groceries, so overall ______ barely changed from the month before.
A) inflation
B) consumer spending
C) capital expenditure
D) outputB) consumer spendingEconomics & Markets
Add up what every household in an economy buys, from groceries to haircuts, and the total is consumer spending. Capital expenditure is tempting because it is spending too, but it is a business paying for things it will use for years, such as a new warehouse or a delivery van, not households buying meals and groceries. -
Rather than rewrite the whole forty-page catering contract, Marigold Table's lawyer drafted a one-page ______ moving deliveries from five days a week to seven; every other term stayed the same.
A) ultimatum
B) amendment
C) endorsement
D) offerB) amendmentLaw & Compliance
A formal change to a contract already in force is an amendment. Offer is tempting, but an offer is a statement of terms for the other side to accept, while this page changes one term of an existing contract. -
Ten years ago, Tolliver Fasteners took orders only by phone and fax; now almost all of them come through ______, as buyers pick bolts on its website and pay online.
A) e-commerce
B) digital transformation
C) sponsorship
D) outsourcingA) e-commerceTechnology & Data
Goods or services changing hands online, from order to payment, is e-commerce. Digital transformation is tempting, but that is a company's broad shift to digital technology in how it works and serves customers, not the online sales channel the orders arrive through.
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About these cards
Review status: Second-reader reviewed, with corrections applied.
Checked against:
- Senses, parts of speech and pronunciations checked against Merriam-Webster.com, the American Heritage Dictionary and the Oxford Learner's, Longman and Cambridge learner's dictionaries; all definitions, notes and example sentences are original.
- Word selection is our own, by frequency (wordfreq, CC BY-SA 4.0) and editorial judgment; no publisher's business glossary is reproduced.
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