Complete each sentence with a word from the box 1) pensioners 2) discount 3) auction 4 ) manufacturers...

1.Unfortunately, demand for our products raised a little last year.

2.They have lowered the price of the product because the average customer can't afford it.

3.The Bank of England has again lowered interest rates; this time from 5% to 4.5%.

4.Manufacturers produce new goods from raw materials.

5.Companies usually have a structure with senior managers at the top and employees at the bottom.

6.In an auction, the item for sale is sold to the customer who offers the highest price.

7.In the winter sales the shops often give a discount of up to 50%.

8.Because retired people usually receive a pension, they are often called pensioners.

Certainly! Let's go through each sentence and complete it with the appropriate word from the box.

1. Unfortunately, demand for our products raised a little last year.

   • The word "demand" fits here as it refers to the desire or need for products, which can fluctuate over time.

2. They have lowered the price of the product because the average customer can't afford it.

   • "Price" is the correct word, as it refers to the cost that customers must pay to purchase a product.

3. The Bank of England has again lowered interest rates; this time from 5% to 4.5%.

   • "Interest rates" are the rates charged by lenders to borrowers, or the return on investment for savings, which can be adjusted by the central bank to influence economic activity.

4. Manufacturers produce new goods from raw materials.

   • "Manufacturers" is the correct term for companies or individuals who create products from raw materials.

5. Companies usually have a structure with senior managers at the top and employees at the bottom.

   • "Structure" refers to the organizational hierarchy within a company, indicating the levels of authority and responsibility.

6. In an auction, the item for sale is sold to the customer who offers the highest price.

   • "Auction" is the process where goods or services are sold to the highest bidder.

7. In the winter sales, the shops often give a discount of up to 50%.

   • "Discount" refers to a reduction in the usual price of something, often used as a sales tactic.

8. Because retired people usually receive a pension, they are often called pensioners.

   • "Pensioners" is the term for people who are retired and receive a pension, which is a regular payment made during their retirement.

These words are correctly matched to the context of each sentence, reflecting the meaning and role they play in economic and business-related scenarios.

1) prices 2) price 3) interest rates 4) manufacturers 5) structure 6) auction 7) discount 8) pensioners