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§1 Intend, §2 supply, §3 range, §5 realize, §6 equipment.

  1. Find the definitions of these words and phrases in the text.

  1. the sale of goods or commodities in small quantities directly to consumers

  2. to come into existence

  3. a room in which goods for sale, esp. cars or electrical or gas appliances, are on display

  4. to put into practice

  5. one that is granted a franchise, as to market a company's goods or services in a certain local area

  1. Look for details in the text and choose the proper option.

    1. A retail institution is a group of retailers that provide a similar retail mix designed to satisfy the needs of…….. .

  1. all the customers

  2. a specific segment of customers

  3. a restricted part of customers

    1. Since about 1970, a number of new types of general merchandise retailers have emerged and are becoming………. .

  1. important to consumers

  2. numerous

  3. necessary to consumers

    1. Catalogue showrooms can offer low prices because they minimize….. .

  1. salaries

  2. delivery cost

  3. cost of displaying merchandise

    1. Some retail chains are divisions of ….. .

  1. larger companies

  2. smaller companies

  3. corporations

    1. The mail-order retailing of the late 1800s has developed into…… .

  1. two types of nonstore retailing

  2. three types of nonstore retailing

  3. four parts of nonstore retailing

  1. Which of the three is the key message of the text?

  1. There are different types of retailing which depend on type of selling, kind of goods, level of service.

  2. Retailing and wholesaling are two kinds of trade.

  3. More than a half of modern U.S. retail sales are made by franchisees.

Vocabulary Focus

  1. Fill in the table with the missing derivatives from the text.

Nouns

Verbs

Adjectives

specialty

corporate

attract

retail

consumer

product

define

focused

merchandise

equipment

  1. Match the halves of the phrases.

1. to provide

a) a significant customer base

2. to specialize

b) a broad variety and deep assortment

3. to concentrate on

c) the needs of a specific segment of customers

4. to attract

d) the traditional hardware store and lumberyard

5. to satisfy

e) the manufacturer’s promotional allowances

6. to carry

f) a similar retail mix

7. to combine

g) the cost of displaying merchandise

8. to utilize

h) a limited number of complementary merchandise categories

9. to minimize

i) a retail outlet

10. to operate

j) in hard goods

  1. Paraphrase the following phrases in italics, use the expressions from ex. X.

  1. The company reduced its expenses because of the introduction of new technologies.

  2. The main function of wholesale companies is to provide vending with commodities.

  3. This store makes an emphasis on selling sporting goods.

  4. A good seller knows how to involve as much purchasers as possible.

A springboard for discussion

  1. What kind of retailing is the most prospective nowadays? Why?

  2. What are the advantages of retail sales?

  3. Give an example of a franchisee in our country.

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