Answer Key

Vocabulary test

You have already visited this section on 2015-02-22 at 13:54.

Drag & drop: Fill in the missing expression. Use the following words and phrases:
  • price control
  • sale
  • price war
  • mass market
  • price tag
  • discount
  • price hike
  • niche market
  • low-end
  • price boom
  1. When deregulation ended  [price control] on phone service, prices shot up almost overnight.
  2. If you wait for six months after a new product is introduced, you can often avoid the initial [price boom] , and then buy it for much less later.
  3. I always wait until after Christmas to buy my presents, because that is when all the big department stores put everything on  [sale] .
  4. Unlike in Czech Republic, in America Budweiser is a fairly  [low-end] product, among the cheapest beers available.
  5. With this coupon, you will receive a fifty percent  [discount] on any items purchased in the store.
  6. What do you mean 1000 dollars? That  [price tag] says 100!
  7. When American Airlines reduced prices on its international flights, it started a  [price war]with British Airways and several other airlines, resulting in incredibly cheap tickets for consumers all around.
  8. Given the current depressed state of the market, none of the major suppliers are even considering a  [price hike] , because even a small increase in price could drive away valuable customers.
  9. The Concorde, which is being retired soon, served a very small  [niche market] – rich clients and top business executives who could afford five to nine thousand dollars for a flight from Paris to New York and back.
  10. Though home computers were once quite rare, now they are  [mass market] items – almost every home has at least one.