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3.4. Agree or disagree with the following statements. Prove your opinion:

1. All managers understand the role of marketing in modern business.

2. Marketing always results in a customer who is ready to buy.

3. Two major factors of marketing are the recruitment of new customers and expansion of relationships with existing customers.

4. Marketing objectives are generally concerned with the 4 P’s.

5. In general marketing covers not only market research.

6. A poor product can be made successful by clever market-ing techniques.

6. Organizations, as a rule, use five tools to monitor plan per-formance.

7. Originally marketing was meant to help avoid overproduc-tion in industrially advanced countries.

4. ADVERTISING

Text 4

Read the text and remember the definitions in bold: Advertising is a form of communication whose purpose is to

inform potential customers about products and services and how to

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obtain and use them. Many advertisements are also designed to generate increased consumption of those products and services through the creation and reinforcement of brand image and brand loyalty. For these purposes advertisements often contain both factu-al information and persuasive messages. Every major medium is used to deliver these messages, including: television, radio, movies, magazines, newspapers, video games, the Internet and billboards. Advertising is often placed by an advertising agency on behalf of a company.

Advertisements can also be seen on the seats of grocery carts, on the walls of an airport walkway, on the sides of buses, heard in telephone hold messages and instore public address sys-tems. Advertisements are usually placed anywhere an audience can easily and / or frequently access visuals and / or audio and print.

Organizations which frequently spend large sums of money on advertising but do not strictly sell a product or service to the general public include: political parties, interest groups, religion-supporting organizations and militaries looking for new recruits. Additionally, some non-profit organizations are not typical adver-tising clients and rely upon free channels, such as public service announcements.

Advertising spending has increased dramatically in recent years. In the United States alone in 2006, spending on advertising reached $155 billion, reported TNS Media Intelligence. That same year, according to a report titled Global Entertainment and Media Outlook: 2006–2010 issued by global accounting firm Pricewater-houseCoopers, worldwide advertising spending was $385 billion. The accounting firm's report projected worldwide advertisement spending to exceed half-a-trillion dollars by 2010.

4.1. Choose the right variant:

1. Advertising is a form of …

a) communication; b) design; c) relations. 2. Advertisements often contain …

a) factual information; b) persuasive messages; c) both factu-al information and persuasive messages.

3. An advertisingagency often place advertisingon behalf of… a) a company; b) of its boss; c) of political parties.

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4. Some … organizations rely upon free channels and are not typical advertising clients.

a) profit; b) non-profit.

5. Advertising spending … in recent years.

a) has decreased; b) hasn’t changed; c) has increased.

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