Glossary of words related to the reading about "supply and demand"
Advertising
Noun
The activity or profession of producing advertisements for commercial products or services.
Example: The marketing focus should be more towards securing distribution channels and ADVERTISING using real data that proves the effectiveness of the products.
es: Publicidad
Brand
Noun
A type of product manufactured by a particular company under a particular name.
Example: The most dramatic of the symbolic processes was the complete over-haul of the M&S BRAND, which took place in March 2000.
es: Marca
Business
noun
is the activity of making one's living or making money by producing or buying and selling products (such as goods and services).
Example: Objective As a manager, I want to make my farm BUSINESS as efficient as I possibly can in order to make a profit and create a sustainable future for myself and my staff.
es: Negocio
Client
noun
a person or organization using the services of a lawyer or other professional person or company.
Example: Firstly, Fujitsu has moved from a product led development programme to a CLIENT led one.
es: Cliente
Company
noun
is a legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.
Example: Reputation does allot for any COMPANY and takes time to build.
es: Empresa
Demand
noun
Demand is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.
Example: DEMAND will be higher during winter months, so accounting for this is important.
es: Demanda
Expensive
adjective
costing a lot of money.
Example: Sea trade appears to have flourished under the reign of Augustus as demand for foreign goods grew and land transportation was EXPENSIVE and dangerous
es: Costoso
Inexpensive
adjective
not costing a great deal; cheap.
Example: This method is INEXPENSIVE and easy to manufacture but they are prone to temperature variations due to the effect of air currents.
es: Barato
Luxury
noun
a state of great comfort or elegance, especially when involving great expense.
Example: Nevertheless, Marx would consider the expansion in number of workers producing LUXURY, unnecessary goods as productive as they produce use-values.
es: Lujo
Market
a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities.
Example: It could easily be pushed out of the MARKET by a larger competitor.
es: Mercado
Marketing
noun
Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Example: Many sheep milk farmers process their own milk to give them better control over the MARKETING of their produce.
es: mercadeo
Packaging
noun
materials used to wrap or protect goods.
Example: Here demand was largely homogeneous and branding and PACKAGING was successfully used to differentiate the product.
es: embalaje
Price
noun
the amount of money expected, required, or given in payment for something.
Example: Yield is so small a high PRICE of around 75 pence a litre can be obtained.
es: Precio
Product
noun
an article or substance that is manufactured or refined for sale.
Example: To achieve a high quality PRODUCT, many factors will need to be considered and managed effectively.
es: Producto
Promotion
noun
activity that supports or encourages a cause, venture, or aim.
Example: The opportunity for PROMOTION is normally in the form of moving to work for another company.
es: Promoción
Rivalry
noun
competition for the same objective or for superiority in the same field.
Example: RIVALRY among the existing firms countries: is one firm currently dominant or are they all of equal strength.
es: Rivalidad
Sales
noun
are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale.
Example: Cost control through full-time SALES assistants reduction led to an inability in stores to meet the service levels.
es: Ventas
Seller
noun
a person who sells something.
Example: These structures are used to store a SELLER, a bidder and an auction.
es: Vendedor
Service
noun
is a transaction in which no physical goods are transferred from the seller to the buyer. The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange.
Example: The farm is selling direct to the customers and so is able to provide good customer SERVICE.
es: Servicio
Supply
noun
a stock or amount of something supplied or available for use.
Example: Perhaps breeding cycles need to be regulated because an all year round SUPPLY is essential for success.
