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Vocabulary exercises

I. Answer the following questions:

  1. What kind of business function is marketing?

  2. What is the goal of marketing?

  3. Who can accomplish this goal?

  4. Why do people need to know a lot about marketing?

  5. Do you think that marketing is only selling? Why or why not?

  6. How can the term «marketing» be defined?

  7. How is the definition of marketing provided in this text different from the view

of marketing you had before you read it?

  1. What is a key point about this definition?

  2. Why is marketing part of our society?

  3. Prove that marketing is important to each of us, to an organization and society as a whole?

II. Find in the text the following words and word combinations and translate them:

Target market, affordable, attractive, available, needs and wants, appropriate products, isolated function, to involve; customer satisfaction, value-delivery system, wholesalers and retailers, superior customer value, middlemen, need-satisfying products and services, manufacturing companies, TV commercials, direct mail, managerial process, to satisfy individual and organizational objec­tives, cultural phenomenon, to shape, potential exchange relationship, to implement marketing plans, to establish a market system, to make selling superfluous, influence on, to create exchanges, to team up closely.

III. Find English equivalents to the words and word combinations given below:

Задовольняти потреби покупця, отримуючи прибуток; дося­гати мети; співпрацювати; забезпечувати споживача тим, що має найвищу цінність; зобов'язувати кожного думати про спо­живача; вплив; дізнаватися; компанія, що виробляє; управляти попитом; діставати необхідні голоси; розроблення та впровад­ження маркетингових планів; визначати ринок і розподіляти його на сегменти; цільовий ринок; установлювати ціну; продук­ція, яку споживач спроможний придбати; продукція, доступ­на покупцеві (що є в наявності); рекламувати та просувати то­вари на ринок; проводити маркетингові дослідження; збут; верхівка айсбергу; виявляти потреби спожи­вача; товари, що користуються підвищеним попитом; впливати на ринок; планування та виконання; потенційний покупець; оцінюва­ти (позитивно); надлишок.

IV. Match each term with its definition in the right-hand column

Product

A set of buyers sharing common needs

Service

Anything that can be offered to a market for atten­tion, acquisition, use, or consumption that might satisfy a want or need. It includes physical objects, services, persons, places, organi­zations, and ideas.

Target markets

any activity or benefit that one party can offer to an­other that is essentially intangible and does not result in the ownership оf anything

Middlemen

All activities involved in selling goods or services directly to final customers for their personal, non-business use

Retailers

Distribution channel firms that help the company find customers or make sales to them