Prices are reference ones, and reference prices are those of the seller, called asked (asking, offering),

And are published in newspapers, journals, price-lists, channels of computer information.

To public prices we also refer [stock] exchange prices, determined at mercantile exchanges (quotation),

And also the auction (tender) prices which reflect the factual ratio of demand and supply.

Terminological Vocabulary to Text 5.4. Tty to memorize it

International prices — мировые цены

World commodity market — мировой товарный рынок

Mercantile (commodity) exchange — товарная биржа

International tenders (bids) — международные торги

Price (pricing) policy — ценовая политика

Discrepancy — расхождение, несоответствие (например, спроса и предложения)

Marginal costs — предельные издержки

Marginal revenue — добавочный, предельный доход

Profit margin — предельная прибыль

Public prices — публичные цены

Making-up (settlement) prices — расчетные цены

Contract(ed) prices — контрактные цены

Base (basic) prices — базисные цены

Asked (asking, offering) prices — цены продавца

Reference prices — справочные цены

Exchange prices — биржевые цены

Commentary and Notes to Text 5.4

Export-import transactions — экспортно-импортные сделки

Prices are usually expressed in terms of a quantity of money per unit of a commodity (a good or

Service) — цены обычно выражаются в количестве денег на единицу товара (продукция,