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3. Answer the following questions:

1. How do we call the firm with the largest market share?

2. What is the market leader able to do?

3. How can market leaders increase their market share?

4. Who can become market leader?

5. What do competitors do?

6. What way can market be expanded by?

7. Who is a market challenger?

8. What can market challengers do in the market?

9. Who is a market follower?

10. What do market followers do in the market?

4. Give Ukrainian equivalents of the following:

definite market leader, at least, to have succeeded, frequently, price changes, intensity of promotions, to increase, current, recession, further, to try to find, entire market, contrary to, niche, car hire business, to advertise, market challenger, narrow range, to cause, majority of, to present no threat, market segmentation, market share, soft drinks.

5. Give English equivalents of the following:

частка на ринку, представляти новий продукт, рівень просування товару, захищати, намагатись знайти спосіб, рідко, перевага, користувачі, збагачувати, більше не…, рекламувати, більшість, зосередитись, зростаючий потенціал, встановлювати, немає причин, розподіл ринку, послідовник, коливання, обіг, унікальний, пральний порошок, спортивне взуття, обмежений вибір.

6. Match and learn synonyms:

A: advertising, to be able to, definite, advantage, household, in fact, washing powder, well-known, profit, merely;

B: simply, famous, income, soap powder, particular, benefit, promotion, can, family, actually.

7. Match and learn opposites:

A: seldom, definite, to expand, well-known, advantage, retailer, growth, flexible, to buy, profitable, to increase;

B: decline, inflexible, wholesaler, disadvantage, unknown, to narrow, often, to sell, indefinite, unprofitable, to decrease.

8. Complete the following sentences translating the phrases in brackets:

1. (Ринок може бути розширений) by stimulating more usage. 2. There is a definite market leader in most countries: (фірма з найбільшими ринковими паями на ринку). 3. Market leaders usually want to (захищати свої поточні ринкові частки). 4. (Конкуренти розширяють ринки) and find new uses and users for products. 5. Many market followers (зосереджуються на ринковій сегментації). 6. Small companies are generally flexible, and (можуть швидко реагувати на умови ринку). 7. (Єдиним шляхом зробити це) is to find ways to increase the size of the entire market.

9. Put questions to the words in the italics:

1. Market followers often concentrate on profitable niche products. 2. The first company in a particular market nearly always becomes the market leader. 3. Many householders no longer have only one radio or cassette player. 4. The majority of companies in any industry are merely market followers. 5. Leaders are frequently able to lead other firms in the introduction of new products, in price changes. 6. Challengers can increase their market share by attacking various market followers. 7. All marketers face the question of how to best allocate their advertising budgets.

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