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Study
Business Collocations
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What does "market research" involve?
Selling research at the market
Tracking competitors’ profits
Launching an advertisement campaign
Understanding customer preferences and market needs
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Before introducing a ________, companies need to understand what customers want and need.
new product
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Which of the following is NOT related to "customer satisfaction"?
Understanding customer needs
Cutting production costs
Reward loyalty
Resolving complaints
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Name three collocations with the word "customer."
(Possible answers: Customer satisfaction, target customer, customer needs)
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Name three collocations with the word "business."
(Possible answers: Run a business, business strategy, business opportunity)
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Correct the mistake: "Our company has spent a lot on researching the sales market."
"Our company has spent a lot on market research."
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Correct the mistake: "We should develop a business chances to grow the company."
"We should develop business opportunities to grow the company."
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Correct the mistake: "The company decided to do a profit by selling a new product."
"The company decided to make a profit by selling a new product."
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What does "target market" refer to?
The market you want to sell your product in
The people a product is aimed at
The total number of customers
The company's sales figures
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What phrase means earning more money than you spend in a business?
Make a profit
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Name three collocations with the word "product."
(Possible answers: New product, product development, launch a product)
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What do we call studying what customers want before launching a new product?
Market research
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Which phrase means "introducing a new item to customers"?
Target market
Launch a product
Close the deal
Brand recognition
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What phrase means persuading someone to agree to a deal or sale?
Close the deal
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What term describes designing and improving a product before it goes to market?
Product development
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Which of the following is an example of "product development"?
Setting sales targets
Designing a new feature for an item
Rebranding a product
Hiring new staff
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Correct the mistake: "The product launching was delayed due to market issues."
"The product launch was delayed due to market issues."
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