Ex.3. The words in the box frequently occur after “market”.

Find combinations that mean:

1. the company that sells the largest amount of a specific commodity in a particular area; the brand or make of goods that sells the most;

2. the price of a raw material, product, service, etc. that is charged in a free or competitive market;

3. study carried out by a company before launching a new product, into the needs, lifestyles, incomes, etc. of potential buyers;

4. the percentage of the total sales of a certain product in a particular area or country obtained by one company;

5. that part of a market which consists of consumers with similar characteristics;

6. a pattern or change in buying and selling activities;

7. the act of obtaining a larger market share by increasing advertising, promotion, etc.

8. an economic system in which individuals and firms are free to enter and leave markets at will;

9. changes a government makes to an economy, so that it becomes more like a market economy;

10. the way a market economy makes sellers produce what people want, at prices they are willing to pay.

Ex.4. Look at the words and phrases in the box. Match the words with the correct definition from the list below:

1. a group of consumers for whom a business has designed a product and marketing strategy;

2. the bond markets, stock markets, etc. that accept money and turn it into equity instruments;

3. a course of action, a way of handling a situation;

4. to have the most important place or great influence; to have or use power or command over;

5. a company that produces goods that it knows will sell because buyers have said that they need them;

6. a large sell-service store offering food and general household items.

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