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II. Exercises on the Text:

3. Give English equivalents to:

Общее понятие маркетинга включает четыре момента; потенциальные покупатели; исследования по телефону, по почте; на уме покупателя; обследуемая группа покупателей; чего хотят немногие; очень подробные формулы; покрывать все издержки; такие постоянные затраты как рента и страхование; вычислить точку самоокупаемости; ключевая часть маркетинга; в средствах массовой информации; предприятия должны предвидеть.

4. Ask questions for these answers (work in pairs):

  1. The total marketing concept involves four steps.

  2. They are product, price, promotion and place.

  3. Yes, it must.

  4. Surveys by phone, mail, or personal interview can reveal it.

  5. The product warranty card provides marketing information too.

  6. It is price.

  7. Variable expenses must be anticipated too.

  8. A break-even point is the point at which income from sales equals fixed and variable expenses.

  9. Promotion is a key part of marketing.

  10. Advertising gives people reasons to buy products.

  11. To sell products, businesses must anticipate «when» and «where» consumers will buy them.

5. Translate the following into Russian:

The Major Marketing Functions

Marketing Activity

Description

Gathering information

Business firms collect information about the market to forecast potential sales

Buying

Before finished goods can be sold, they must be selected and purchased.

Transporting

Goods must be shipped to the place where they are sold.

Selling

Goods must be advertised, promoted and sold.

Storing

Business firms had more goods than they can sell in a single day. These must be stored until they are sold.

Financing

Cash or credit must be found to pay for the goods the business intends to sell.

Standardizing and Grading

«Standardizing» is establishing uniform specifications for a product or a service. «Grading» is classifying products by quality and size.

Managing risk

People in business risk loss if things fail to go as planned. Steps taken to limit these risks fall into this category.

III. Grammar Exercises

6. Write out these sentences putting the verb in brackets into the future tense:

1. The study of economics (to help) you to understand economic forces better.

2. Cleaning up the river (to require) a major effort, and considerable expense.

3. A change in the price of one item (to result) in a shift in the demand for a substitute.

4. An increase in production costs (to have) the opposite effect - supply (to decrease).

5. As long as supply and demand remain unchanged, the equilibrium of market price (to remain) constant.

7. Make the sentences (a) interrogative, (b) negative:

1. They will try to economize to get the most from what they have.

2. Economics will also help you to fulfill your responsibilities as a citizen in a democracy.

3. Economists will agree that unemployment is bad.

4. Entrepreneurs will try to run their businesses to earn the greatest profits.