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Practice Reading: Fill in the Blanks (Dropdown) ID: #49445 Black Box
Instructions ›
Below is a text with blanks. Click on each blank, a list of choices will appear. Select the appropriate choice for each blank.
The  relationship  between  the  customer  (also  called  the  buyer)  and  the  provider  (the  seller)  forms  through  a  phenomenon  called  a  market  exchange.  During  the  exchange  process,  each  party  assesses  the  relative  trade-offs  they  must  make  to    their  respective  needs  and  wants.  On  the  part  of  the  seller,  the  trade-offs  are  guided  by  company  polices  and  objectives.  For  example,  company  policy  may    that  it  can  proceed  with  an  exchange  only  when  the  profit    is  10  percent  or  greater.  The  buyer  —  the  other  party  in  the  exchange  —  also  has  policies  and  objectives  that  guide  his  or  her  decisions  in  an  exchange.  For  individual  buyers,  these  are  usually  unwritten  personal  policies  and  objectives  that  people  make  at  each  stage  of  a  purchasing  decision  based  on  the  information  and  options  available  to  them.  Even  more  likely,  individuals  often  are  not  fully  conscious  of  what    them  to  behave  in  a  particular  manner.

Result:

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Correct answer: satisfy

Explanation: The word 'satisfy' fits grammatically as it is a verb that aligns with the subject 'each party' and the context of fulfilling needs and wants. It indicates the action of meeting or fulfilling those needs, which is the primary goal of the exchange process.

Meaning: To 'satisfy' means to meet the requirements or desires of someone, ensuring that their needs and wants are fulfilled during the exchange.

Wrong options:

  • classify: The verb 'classify' means to arrange or sort into categories, which does not relate to fulfilling needs in this context.
  • intensify: 'Intensify' means to make something stronger or more extreme, which does not apply to the act of meeting needs and wants in an exchange.
  • clarify: The verb 'clarify' means to make something clear or easier to understand, which does not fit the context of fulfilling needs.
Correct answer: dictate

Explanation: The word 'dictate' is appropriate here as it is a verb that indicates the act of determining or controlling the conditions under which an exchange can occur, fitting well with the context of company policies guiding actions.

Meaning: To 'dictate' means to lay down authoritatively or to control, which in this case refers to the company policy controlling the conditions of the exchange.

Wrong options:

  • rotate: The verb 'rotate' means to turn around a central point, which does not apply to the context of guiding policies in an exchange.
  • deliberate: 'Deliberate' means to think about or discuss something carefully, which does not fit the context of a policy that controls actions.
  • dilate: The verb 'dilate' means to make wider or larger, which is unrelated to the concept of guiding policies.
Correct answer: margin

Explanation: The word 'margin' fits grammatically as a noun that refers to the difference between the cost and the selling price, which is relevant to the context of profit in a business exchange.

Meaning: 'Margin' refers to the amount by which revenue exceeds costs, indicating the profit level that must be achieved for the exchange to proceed.

Wrong options:

  • origin: The noun 'origin' refers to the beginning or source of something, which does not relate to the concept of profit in this context.
  • pidgin: 'Pidgin' refers to a simplified form of language, which is irrelevant to the discussion of profit margins.
  • bulletin: The noun 'bulletin' refers to a brief report or announcement, which does not fit the context of discussing profit.
Correct answer: prompts

Explanation: The word 'prompts' is suitable here as it is a verb that indicates the action of causing someone to act in a certain way, aligning well with the context of influencing buyer behavior.

Meaning: To 'prompt' means to cause or bring about an action or behavior, which in this case refers to the factors influencing individual buyers' decisions.

Wrong options:

  • attempts: The noun 'attempts' refers to efforts made to achieve something, which does not fit the context of influencing behavior.
  • exempts: 'Exempts' means to free from an obligation or rule, which does not relate to the idea of influencing behavior in a purchasing decision.
  • levers: The noun 'levers' refers to tools used to lift or move something, which does not apply to the context of influencing buyer behavior.

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