5
2.Match the words with their definitions.
1.
representative
a. when several companies in
an industry sell the
same product or service resulting in lower prices
and better customer support
2.Industrial Revolution
b.
the act of taking
a government-controlled
industry and opening it up to private companies for
the purpose of introducing competition
3.
a fee
c.Change in technology,
brought about by
improvements in machinery and by use of steam
power
4.
competition
d.
someone who talks for a company
5.
deregulation
e.
a way of selling a company‘s product either
directly or via distributors.
6.
a monopoly
f.
a charge
for a professional service
7.
distribution channel
g.
when one company (or the government) has
control over an industry and does not allow
competition
1
2
3
4
5
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