In the dynamic landscape of global business and communication, the ability to comprehend and convey complex information accurately and effectively is paramount. The TOEIC is an esteemed evaluation that serves as a compass for measuring one’s proficiency in this regard. Among its diverse sections, Part 7 stands out as a critical assessment of vocabulary within the context of authentic business and workplace scenarios.

In this essay, we embark on an exploration of Vocabulary for TOEIC Part 7, unearthing its significance, dissecting its format, and uncovering the strategies needed to excel. As we journey through this section, we will discover that mastering TOEIC Vocabulary Part 7 is not merely a pathway to success in the examination, but a powerful tool that empowers individuals to navigate the intricacies of the contemporary global business landscape with confidence and competence.


vocabulary for toeic part 7
Vocabulary for TOEIC part 7


1. TOEIC Part 7 format

In the TOEIC part 7, you are required to read ten single passages, 2 double passages and 3 triple passages. Each single passage comprises 2-4 questions. Each double and triple passage includes 5 questions. You are asked to choose the answer that fits best according to the passage. 

The TOEIC Part 7, often referred to as the “Reading Comprehension” section, is designed to assess your ability to understand and interpret written English texts in a professional or workplace context. This section is slightly different from Part 6 in that it focuses on longer, more complex reading passages. Here is an overview of the format of TOEIC Part 7:

1.1. Number of Questions

TOEIC Part 7 typically consists of 8 reading passages, and each passage is followed by 4 multiple-choice questions. So, you can expect around 32 questions in this section.


1.2. Passage Length

The reading passages in Part 7 are more substantial than those in Part 6. They often contain several paragraphs, covering various business-related topics.


1.3. Question Types

The questions in TOEIC Part 7 are designed to test your ability to understand the main ideas, details, and inferences within longer and more complex texts. Common question types include:

  • Main Idea: These questions ask you to identify the main idea or purpose of the passage.
  • Detail: These questions require you to locate and understand specific details or facts mentioned in the passage.
  • Inference: These questions ask you to make logical inferences or draw conclusions based on the information provided in the passage.
  • Vocabulary: Some questions may assess your understanding of specific vocabulary words or phrases used in the passage.


1.4. Answer Choices

Each multiple-choice question provides four answer choices (labeled A, B, C, and D). Your task is to choose the best answer that corresponds to the information in the passage.


1.5. Timing

The timing for TOEIC Part 7 is usually around 75 minutes for the entire Listening and Reading section (Parts 5 and 7 combined). Given the longer passages and more questions, time management is crucial to completing this section within the allocated time.


1.6. Scoring

Similar to other parts of the TOEIC exam, each correct answer in TOEIC Part 7 earns you one point, and there is no penalty for incorrect answers. Your scores from both the Listening and Reading sections (Parts 5 and 7) are combined to give you your overall TOEIC score.


2. Common vocabulary for TOEIC part 7 

TOEIC Part 7 often features reading passages related to various business and professional topics. To perform well in this section, it’s essential to be familiar with the vocabulary associated with these subjects. Here are common vocabulary words and phrases organized by topic that you may encounter in TOEIC Part 7:

2. 1. Business Strategy and Planning

Strategic planning
SWOT analysis
Market segmentation
Competitive advantage
Long-term goals

2.2. Corporate Finance

Investment portfolio
Asset management
Financial statement
Revenue stream
Return on investment (ROI)
Cash flow analysis
Financial performance
Risk assessment

vocabulary for toeic part 7 bussiness finance
Vocabulary for TOEIC part 7 – Finance


2.3. Leadership and Management

Leadership style
Management principles
Team dynamics
Decision-making process
Performance evaluation
Conflict resolution
Employee empowerment
Leadership development

2.4. Marketing and Advertising

Market research
Marketing campaign
Branding strategy
Product placement
Consumer behavior
Advertising budget
Promotion tactics
Market segmentation
Public relations
Marketing mix

2.5. International Business

Global market
Export-import regulations
Cross-border trade
International expansion
Market entry strategies
Currency exchange rates
Tariffs and trade barriers
Supply chain management
Multinational corporation

2.6. Human Resources and Employment

Recruitment process
Talent acquisition
Job posting
Compensation package
Performance appraisal
Employee benefits
Workforce diversity
Labor laws
Employment contract

2.7. Company Performance and Analysis

Market share
Financial indicators
Earnings report
Competitive analysis
Industry trends
Market volatility
Market capitalization
Revenue growth
Economic indicators

2.8. Innovation and Technology

Research and development
Technological advancement
Innovation culture
Intellectual property
Patent application
Data analytics
Cloud computing
Digital transformation

2.9. Business Ethics and Corporate Responsibility

Ethical standards
Corporate governance
Sustainability practices
Social responsibility
Ethical dilemmas
Whistleblower policy
Code of conduct
Fair trade

>> Read more: Common vocabulary for TOEIC part 6


2.10. Market Trends and Consumer Behavior

Market demand
Consumer preferences
Buying patterns
Market saturation
Niche market
Consumer satisfaction
Product differentiation
Brand loyalty
Market share growth
Competitive analysis


In conclusion, Vocabulary for TOEIC Part 7 represents a substantial challenge within the TOEIC exam, demanding a deep understanding of diverse business and professional contexts. By mastering the vocabulary associated with these areas and honing strong reading comprehension skills, test-takers not only enhance their performance in this section but also equip themselves with the linguistic prowess needed to excel in the complex and interconnected world of modern business and industry. Try some TOEIC practice test now!