BUYERS, SELLERS AND MARKET BUSINESS VOCABULARY IN USE

 

BUSINESS VOCABULARY IN USE 19. BUYERS, SELLERS AND MARKET

 

A Customers and clients People who buy ‘everyday’ services such as train and travel or telephone services are called customers. You can also talk about the users and end-users of a product or service, who may not be the people who actually buy it. For example, when a company buys computers for its staff to use, the staff are the end-users. B Buyers and sellers A person or organization that buys something is a buyer or purchaser. These words also describe someone in a company who is responsible for buying goods that the company uses or sells. These people are also buying managers or purchasing managers. C The market The market, the free market and market economy describe an economic system where prices, jobs, wages, etc. are not controlled by the government, but depend on what people want to buy and how much they are willing to pay. D Word combinations with ‘market’ EXERCISES 19.1 Find expressions in A and B opposite with the following meanings. 1. Someone who buys food in a supermarket. (3 expressions) 2. All the people who buy food from a particular supermarket chain, from the point of view of the chain. 3. Someone who buys the services of a private detective agency. 4. All the people who buy the services of a private detective agency, seen as a group. (2 expressions) 19.2 Complete the TV reporter’s commentary with expressions from C and D opposite. In China, all economic activity used to be controlled by the state. Prices were fixed by the government, not by the buyers and sellers in the market (1) _________. But in the last 20 years there has been a series of market (2) _________ that have allowed people to

ANSWER KEY