Topic: English for Sales and Marketing/Choose the right synonym 2
Our "Choose the right synonym" exercises are designed to help you increase your knowledge of specialized vocabulary. All you have to do is choose the right word(s) to make the two sentences have the same meaning.
BUSINESS VOCABULARY: Marketing & sales
Need to refresh your knowledge of common marketing terms? We've got you covered:
Differentiation - what makes a product unique
Example: Quality is their differentiation.
Competitive analysis - studying competitors
Competitive analysis shows market gaps.
Market share - percentage of total sales in a market
Example: The company gained market share.
Demand - desire for a product
Example: High demand led to shortages.
Supply - amount of product available
Example: Supply could not meet demand.
Lifecycle - stages of a product's life
Example: The product is in the growth stage.
Launch - introducing a new product
Example: The launch was successful.
Promotion mix - combination of marketing tools
Example: The promotion mix includes ads and PR.
Public relations (PR) - managing public image
Example: PR helped improve reputation.
Customer retention - keeping existing customers
Example: Customer retention costs less than acquisition.
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