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16

ists an enormous producer or industrial or business market con-
sisting of all the individuals and organizations that acquire goods 
and services that are used in the production of other goods, or in 
the supply of services to others. Few consumers realize that the 
producer market is actually larger than the consumer market since 
it contains ail the raw materials, manufactured parts and compo-
nents that go into consumer goods, plus capital equipment such as 
buildings and machines, supplies such as energy and pens and pa-
per, and services ranging from cleaning to management consult-
ing, all of which have to be marketed. There is consequently more 
industrial than consumer marketing, even though ordinary con-
sumers are seldom exposed to it. 

 
 

II.

 Fiil in the following verbs in the proper position 

 

design     develop     identify     influence      modify     persuade 

 
Marketers have to: (1) ………….. or anticipate a consumer need; 

(2) ....................................a product or service that meets that need 
better than any competing products or services; (3) ……………. tar-
get customers to try the product or service; and in the long term,  (4) 
……………….it to satisfy changes in consumer needs or market con-
ditions. Marketers can (5) ………………………. particular features, 
attractive packaging, and effective advertising, that will (6) 
………………………...... consumers' wants. Marketing thus com-
bines market research, new product development, distribution, adver-
tising, promotion, product improvement, and so on. 
 

III. 

Writing:

 (5 

sentences). 

1.

 

What is the main idea of market research? 

2.

 

What is the marketing mix? 

 
 


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17

Контрольная

 

работа

 

 5 

 

«Advertising» 

 

I.

 

Read the whole text and translate the passage 1  into Russian in 

a written form. 

 

HOW COMPANIES ADVERTISE 

 

1. Advertising informs consumers about the existence and bene-

fits of product and service, and attempts to persuade them to buy 
them. The best form of advertising is probably word-of-mouth adver-
tising, which occurs when people tell their friends about the benefits 
of products or services that they have purchased. Yet virtually no pro-
viders of goods or services rely on this alone, but use paid advertising 
instead. Indeed, many organizations also use institutional or prestige 
advertising, which is designed to build  up their reputation rather than 
to sell particular products. 

Although large companies could easily set up their own advertis-

ing departments, write their own advertisements, and buy media space 
themselves, they tend to use the services of large advertising agencies. 
These are likely to have more resources, and more knowledge about 
all aspects of advertising and advertising media than a single com-
pany. The most talented advertising people generally prefer to work 
for agencies rather then individual companies as this gives them the 
chance to work on a variety of  advertising accounts (contracts to ad-
vertise products 

or 

services).It is also easier for a dissatisfied company 

to give its account to another agency than it would be to fire its own 
advertising staff. 

The client company generally gives the advertising agency an 

agreed budget; a statement of the objectives of the advertising cam-
paign, known as a brief; and an overall advertising strategy concern-
ing the message to be communicated to the target customers. The 
agency creates advertisements (the word is often abbreviated to 

ad-

verts or ads), 

and develops a media plan specifying which media – 

newspapers, magazines, radio, television, cinema, posters, mail, etc. – 
will be used and in which proportions. (On television and radio, ads 


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18

are often known as commercials.) Agencies often produce alternative 
ads or commercials that are pre-tested in newspapers, television sta-
tions, etc. in different parts of a country before a final choice is made 
prior to a national campaign. 

2. The agency’s media planners have to decide what percentage of 

the target market they want to reach (how many people will be ex-
posed to the ads)and the number of times they are likely to see them. 
Advertising people talk about frequency or ‘OTS’  (opportunities to 
see) and the threshold effect – the point at which advertising becomes 
effective. The choice of advertising media is generally strongly influ-
enced by  the comparative cost of reaching 1,000 members of the tar-
get audience, the cost per thousand (often abbreviated to CPM, using 
the Roman numeral for 1,000). The timing of advertising campaigns 
depends on factors such as purchasing frequency and buyer turnover 
(new buyers entering the market). 

How much to spend on advertising is always problematic. Some 

companies use the comparative-parity method-they simply match their 
competitors' spending, thereby avoiding advertising wars. Other set 
their ad budget at a certain percentage of current sales revenue. But 
both these methods disregard the fact that increased ad spending or 
counter-cyclical advertising can increase current sales. On the other 
hand, excessive advertising is counter-productive because after too 
many exposures people tend to stop noticing ads, or begin to find 
them irritating, and once the most promising prospective customers 
have been reached, there are diminishing returns, i.e. an ever-smaller 
increase in sales in relation to increased advertising spending. 

II.

 Vocabulary 

Find the terms in the text which mean the following and write 
them down as in the example: 
Ex. Word-of mouth-advertising – free advertising when satisfied 
customers recommend products to their friends. 

 

1.

 

free advertising, when satisfied customers recommend products 
to their friends 

2.

 

advertising that mentions a company's name but not specific 
products 


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3.

 

companies that handle advertising for clients 

4.

 

a contract with a company to produce its advertising 

5.

 

the amount of money a company plans to spend in developing its 
advertising and buying media time or space 

6.

 

the statement of objectives of an advertising campaign that a cli-
ent works out with an advertising agency 

7.

 

the advertising of a particular product or service during a particu-
lar period of time 

8.

 

a defined set of customers whose needs a company plans to sat-
isfy 

 
III. 

Writing:

 what type of advertising personally you dislike and like 

best? What’s your own attitude towards advertising? 
Write not less than 8 sentences. 

 
 

Контрольная

 

работа

 

 6 

 

«Central Banking System» 

 

I.

 Read and translate the whole text in a written form 

 

CENTRAL BANKING SYSTEM 

 
The central banking system is a major sector of any modern mon-

etary system. It is of great importance to the fiscal policy of the na-
tional government and the functioning of the private sector. 

Central banks such as the Bank of England, the Federal Reserve 

Board of the US, the Bundesbank of Germany, the Central Bank of 
Russia function for the government and other banks, not for private 
customers. They are responsible for the implementation of monetary 
policy and supervision over the banking system. 

In particular, they control the money supply, fix the minimum in-

terest rate, act as lenders of last resort to commercial banks with li-
quidity problems, issue coins and bank notes, influence exchange  
rates by intervening in foreign exchange markets. 


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To ensure the safety of the banking system, central banks impose 

reserve requirements, obliging commercial banks to deposit a certain 
amount of money with the central bank at zero interest. Central banks 
in different countries also impose different «prudential ratios» on 
commercial banks such as capital ratio and liquid ratio. 

In the course of market reforms in Russia the Central Bank has 

been pursuing moderately tight monetary policy aimed at further re-
duction of inflation and putting an end to direct budget deficit credit-
ing. The CBR has been using the following main instruments of 
monetary policy: 

 

fixed targets for the money supply growth 

 

refinancing of commercial banks 

 

interest rates 

 

open market operations 

 

commercial banks reserve requirements 

 

foreign currency control 

 

direct quantity restrictions 

II.

 Find Russian equivalent to the following 

 
1.

 

Fiscal policy 

2.

 

Implementation of monetary policy 

3.

 

Supervision over banking system 

4.

 

Liquidity problems 

5.

 

Capital ratio 

 

III.

  Vocabulary 

Opening an account 

 

1. Put each word or phrase in the group below in its correct place 
in the following

 passage. 

formalities       open       account       bank       charges 
overdraft       branch       fill in 

It’s very simple to __________ a

 

bank __________ in Britain.  

There are very few ____________. Just go to your local __________, 
__________ a few forms, and that’s it. You will probably only have to