1. Give one of the definitions of transport. 2. What is the peculiarity of transport economics study? 3. Enumerate some major concepts of economics and give their definitions. 4. What are the main problems transport economists have to solve? 5. What questions are of primary importance for any manager? And which way can they find answers to them? 6. Which financial documents are necessary for the work of any company? 7. What does marketing on railway include? Why is it important? 8. What do railways have to do to be competitive on the transportation market? 9. What activities do transport logistics experts deal with? 10. What are the objectives of railway departments regarding better passenger services? Better freight services?
Exercise 42 Find English equivalents.
, , , , , , , , , , , , , , .
Exercise 43 Choose the appropriate words in brackets.
1. They solve different problems (connect, connected, connecting) with traffic forecasting. 2. It is of primary importance to give (constructed, constructing, constructive) answer to these questions. 3. Another activity that is (cover, covers, covered) by transport economics is marketing. 4. All the measures are used to satisfy (organization, organize, organizational) goals. 5. The ultimate goal is the highest (profitable, profitless, profitability).
Exercise 44 Match words with their definitions.
| locality | the quantity of a good that buyers wish to buy at each price |
| concept | the quantity of a good that sellers wish to sell at each price |
| demand | an activity intended to help sell a product |
| delegation | a geographical place |
| supply | an abstract general notion |
| promotion | someone whose job is to deal with part or all of a company or other organization |
| to satisfy | arriving, happening, or being done at exactly the time that has been arranged |
| to predict | to make someone feel pleased by doing what they want |
| manager | to say that something will happen, before it happens |
| punctual | the process of giving power or work to someone else so that they are responsible for part of what you normallydo |
Exercise 45 Complete the text with the words in italics.
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