- •Белорусский государственный университет
- •Предисловие
- •1. Profession of an economist
- •Vocabulary Focus
- •1. K p. A. – one thousand per annum.
- •Ex. 3. Express in one word.
- •Comprehension
- •Degrees in Economics
- •Basic Courses
- •Supporting Courses
- •Required Courses Year 1
- •Questions
- •Outstanding Economists
- •The Founder of Economics
- •David Ricardo (1772–1823)
- •John Maynard Keynes (1883-1946)
- •Writing
- •Study the biographical data of Michael Del and Ingvar Kamprad, find the information about famous businessmen and write it down as in the examples that follows the tables.
- •Michael Dell
- •Timeline
- •Ingvar Kamprad Timeline
- •Example
- •Translation a. Translate into Russian. Woman’s Place in Management
- •B. Translate into English.
- •Listening
- •Speaking
- •Vocabulary academic adj – 1. Университетский; академический; учебный; 2. Чисто теоретический; 3. Фундаментальный (в противоположность прикладному)
- •Salary n – жалованье, оклад self-employed adj – обслуживающий свое собственное предприятие; работающий не по найму
- •2. Economics as a science
- •2.1. Economics and Economic Methods
- •Economics: the Study of Scarcity and Choice
- •Vocabulary Focus
- •Opportunity Cost
- •Satisfying People’s Wants
- •Methodology
- •Economic Theory and Models
- •Speaking Discuss the following questions.
- •Vocabulary
- •Economic systems
- •Vocabulary Focus
- •Translation a. Translate the text from English into Russian. Classification of Countries
- •Vocabulary
- •3. The macroeconomy
- •3.1. Gross domestic product
- •Gross Domestic Product
- •Vocabulary Focus
- •Questions
- •Writing
- •Speaking
- •Vocabulary
- •3.2. InflAtion
- •Meaning and Measurement of Inflation
- •Vocabulary Focus
- •Demand-Pull and Cost-Push Inflation
- •Does it Cost More to Laugh?
- •Writing
- •Consumer Price Index Criticism
- •Vocabulary
- •3.3. Economic business cycles and unemployment
- •Economic Business Cycles
- •Vocabulary Focus
- •Comprehension
- •Unemployment
- •Types of Unemployment
- •W.H. Philips and the Philips Curve
- •Vocabulary
- •3.4. Banking discovering connections
- •Reading
- •Vocabulary Focus
- •Comprehension
- •Commercial Banks of Britain
- •Banking in the usa
- •Banking and Monetary System of the Republic of Belarus
- •The Paris Club
- •Listening Student Banking
- •Student Banking
- •Application for Credit
- •Vocabulary
- •3.5. Money and monetary policy
- •Reading
- •Money and its Functions
- •Vocabulary Focus
- •Comprehension
- •Classical Economics
- •Keynesian Economics
- •Monetarism
- •Instruments of Monetary Policy
- •Monetary Policy during the Great Depression
- •Listening Central Banking
- •Talking with Paul Volker
- •Vocabulary
- •Glossary
- •3.6. Fiscal policy
- •Fiscal Policy
- •Discretionary fiscal policy
- •Vocabulary Focus
- •Other Issues in Fiscal Policy
- •The Role of Government
- •Writing
- •Transition and the Changing Role of Government
- •Budgets and Fiscal Policy
- •Briefing on Personal Taxation
- •Vocabulary
- •4. The microeconomy
- •4.1. Supply and demand
- •Supply and Demand
- •Vocabulary Focus
- •Equilibrium: Mr.Demand, Meet Mr.Supply
- •Equilibrium
- •Elasticity
- •Ex. 2. Answer the questions on the text.
- •Negotiating on the Phone
- •North Holland Dairy Cooperative, Volendam, Postbus 4550nl-4452
- •Jan van Geelen
- •Vocabulary
- •4.2. Market structure
- •Monopoly
- •Vocabulary Focus
- •Comprehension
- •Three Pricing Strategies
- •Market Leaders, Challengers and Followers
- •Vocabulary
- •5. The global economy
- •5.1. International trade
- •International Trade
- •Vocabulary Focus
- •Comprehension
- •The Arguments for and against Free Trade
- •The Banana Wars
- •The Legacy of Adam Smith and David Ricardo
- •Listening
- •Vocabulary
- •5.2. Global market and developing nations discovering connections
- •The World’s Economies
- •Industrialized nations: Growing and Growing Old
- •Newly Industrialized Nations: Getting Going
- •Developing Nations
- •Vocabulary Focus
- •To develop, development, developed, developing
- •Comprehension
- •Economic Cooperation
- •Case study
- •B. Scanning for Information
- •Airbus Industrie
- •The Boeing Company
- •C. Interpreting Information
- •Multinational Corporations and Globalization: the Pros and Cons
- •Translation
- •Vocabulary
- •6. Business administration
- •6.1. Company structure discovering connections
- •Reading
- •Forms of Business Organization
- •Vocabulary Focus
- •Comprehension
- •Flotation
- •Describing Company Structure
- •Is made up of is diveded into
- •Listening
- •Interview with Willhite
- •Vocabulary
- •6.2. Management
- •Nature of Management
- •Vocabulary Focus
- •A. Introduction to the problem
- •B. Scanning for Information
- •Beginning the Business
- •Text b Business Principle: Supermarket Shopping Should Be Fun To Stew Leonard, the distinction between a supermarket and an amusement park is slight, and not necessarily useful.
- •Business Principle: Listen to the Customer
- •Stew Leonard’s Fact Sheet
- •Look at the Stew Leonard's Approach to Supermarket Sales. What do you think about his ideas of running the business. Stew Leonard's Approach to Supermarket Sales
- •Principles of Management
- •What Makes a Good Manager?
- •Семь заповедей бизнесмена
- •Vocabulary
- •Glossary
- •6.3. Accounting
- •What is Accounting?
- •Vocabulary Focus
- •Accounting and Financial Statements
- •The Accounting Profession
- •Business Documents
- •The Balance Sheet
- •Income Statement
- •Bookkeeping
- •Role Play
- •Project X
- •Vocabulary
- •6.4. Marketing
- •Concept of Marketing
- •Vocabulary Focus
- •Building a Brand
- •The brand name
- •B. Scanning for Information
- •The Creation of Levi Jeans
- •Other Levi Strauss Products
- •Text c Why New Products Are Needed
- •Levi Strauss & Co. Product History
- •C. Discussion
- •Writing
- •Marketing Information System
- •You are discussing a new product with your marketing manager. You may use the dialogue below as a model.
- •Vocabulary
- •6.5. Advertising
- •Advertising
- •Vocabulary Focus
- •Comprehension
- •How Companies Advertise
- •Ad advertising campaign advertising standards advertisement advertising budget advertising agencies print
- •Designing an Advertising Campaign Putting the Problem in Perspective: Applying Business Concepts
- •E. Fieldwork
- •Every Day ups Are Trusted To Reliable Deliver 12 Million Shipments Worldwide
- •Vocabulary
- •Glossary
- •Список использованной литературы
- •Contents
A
Ad advertising campaign advertising standards advertisement advertising budget advertising agencies print
dvertising tells people about products
through a variety of media types, e.g. TV, _____, billboards etc. An
_____ may use more than one media type, with TV ads supported by a
print advertisement in a magazine, for example. Most campaigns are
designed and managed by _____, or more specifically by anaccount
executive. The cost of using
an advertising agency comes out of the company’s _____. Agencies
are often asked to design a global advertisement that can be used in
various countries. They will often tailor
advertisements, or adapt
them to a market’s particular needs. Agencies need to take care
when designing an _____ that it meets each country’s _____.
CASE STUDY
A. Introduction to the problem.
Frank Perdue entered his father’s business (egg farm) at the age of ten. At first he did not want to go into family business, but two years after college he changed his mind. In 1948 when Frank took leadership of the company, Perdue Farms had forty employees and was one of the largest chicken growers in the state of Maryland (USA). As a result of special research and breeding program Perdue developed high-quality bird. Large meat and poultry companies bought Perdue chickens and sold them under their own brand names. Some years later Perdue decided he could market chicken under Perdue Farms label.
Task: What kind of promotion of the product would you do for the Perdue Farms?
B. Scanning for information
Read the article to gather information on the advertising campaign of the Perdue Farms including information to answer these questions:
How did the ad agency develop an advertising approach for Perdue Farms chicken?
What did the successful TV ads for Perdue chicken look like?
Designing an Advertising Campaign Putting the Problem in Perspective: Applying Business Concepts
Before Frank Perdue began to advertise, he and his products were unknown outside of one small area in the United States. Perdue himself decided to start by running ads about his brand-name chicken in New York, a challenging designated marketing area (DMA) in which to sell any brand. His clever ad people decided to feature Frank Perdue as the spokesperson for his own products. Not only did he look and sound somewhat like a chicken, but he was able to bolster claims for the quality of his poultry with convincing personal stories. In a series of commercials, Perdue was seen in such situations as mixing grain, giving water to the chickens, and personally supervising workers. Sometimes the camera focused on his face, in close-ups. At other times it focused on the chickens or equipment, and his voice was heard narrating in a voiceover. When Perdue uttered his most famous slogan, "It takes a tough man to make a tender chicken," he conveyed a strong message about quality and personal dedication to the consumer. The ad campaign gave the company a face and a personality, and profits skyrocketed.
So successful was the Perdue campaign that it transformed the poultry industry. The thirty-second spots inspired a great deal of brand-name loyalty among chicken consumers. People who used to think of fresh chicken as being all the same began to ask for chicken by name. This brand-name awareness forced Perdue competitors to advertise their poultry products to consumers.
Perdue Farms made advertising history. In the first sixteen years with the agency, its advertising budget for radio and television increased from $250,000 to $18 million. Perdue himself became a national celebrity. It was a surprise to the agency when Frank Perdue refused to become the spokesperson for Perdue Chicken Franks. Nevertheless, the ad people found a way to keep him as the keystone of the campaign without having him appear on TV. Once again, the company's investment in advertising paid off handsomely in increased sales.
C. Interpreting information
Answer the questions based on what you have learned. Use the italicized expressions in your answers.
a. Why is New York an efficient designated marketing area (DMA) for Perdue Farms? What is the most efficient DMA in your area?
Test your brand-name awareness: Can you name two leading brands of coffee, tea, or juice? Do you have brand-name loyalty for any of these, or do you buy for other reasons?
c. Some chief executive officers (CEOs) have tried to imitate the Perdue advertising campaign by becoming spokespersons for their products, but the strategy to feature the CEO does not often work. Why not? Do you know of any senior executives who have appeared as spokespeople for their products? Was the strategy successful?
Think about a TV advertising campaign that is running now. What is the main message of the campaign? What slogan is used to advertise the product? What is the keystone, or central feature, of the campaign? Do the spots use voiceovers, close-ups, or other special techniques? How effective is the ad campaign?
D. Discussion
Comment on the quality of the business decisions.
Advertising can be an enormously powerful business tool. It is also very costly. In the case of Perdue Farms, advertising was used not only to create a company image but also to transform an industry.
The investment in advertising paid for itself many times over.