Task 3. Fill in the blanks using the word combinations given below, translate the letter
Letter 1.
Dear Sirs,
We (1)______ to inform you that terms of payment (2)______ .
(3)_______ we discussed the proposed method of payment with our partners. We are pleased to confirm that this matter (4)______ . Please, (5)______ that we did not pay the account in time. We (6)______ that our firm will pay the debt on the 5th of May at the latest.
Faithfully yours,
a. can assure you;
b. following your instructions;
c. are acceptable for us;
d. has been settled;
e. take this opportunity;
f. accept our apologies.
Letter 2.
Dear Sirs,
We authorized (1)______ in your country to sign an addendum to our contract providing for the change in (2)______ . The above addendum (3)_______ on the 10th of June this year.
We (4)_____ us at the earliest convenience when the bank guarantee (5)______ and also let us have your consent to (6)______ .
We are looking forward to your reply.
Faithfully yours,
a. will be submitted;
b. the original method of payment;
c. covering the storage expenses;
d. our trade representative;
e. was signed;
f. urge to advise.
Task 4. Choose the correct variant.
1. Logistics is mostly associated with the … of goods from one place to another.
a) travel
b) transport
c) export
d) import
2. … of real brands or genuine goods in China are facing a smaller challenge than you might expect.
a) merchandisers
b) dealers
c) sellers
d) buyers
3. Is the new hotel much … than the old one.
a) the farthest
b) far
c) the farther
d) farther
4. Lately, Austin … about changing his career because he … dissatisfied with the conditions at his company.
a) has been thinking, has been
b) has thought, has been
c) thinks, is
d) was thinking, had been
5. Mr. Brown … to give details of his bank account yesterday.
a) made
b) has made
c) was made
d) is being made
6. He asked her when she … to take her vacation.
a) wants
b) would want
c) wanted
d) want
7. He … master English if he studies hard.
a) will be able to
b) can not
c) shouldn’t
d) may not
8. If we … more money to spend, we would be more interested.
a) have
b) have had
c) had
d) had had
9.The protest wouldn’t have been as affective, if it … on the news.
a) didn’t appear
b) appeared
c) hadn’t appeared
d) wouldn’t appear
10. They are very interested in … our new products.
a) buy
b) to buy
c) bought
d) buying
LESSON 8
Task 1. Complete the text with the words in the box.
| 1. capital | 5. financing | 9. success | 13. finance | 17. money |
| 2. growth | 6. managing | 10. business | 14. funds | 18. arrangement |
| 3. expenses | 7. enterprises | 11. expand | 15. needs | 19. assets |
| 4. investment | 8. uses | 12. insurance | 16. production | 20. competition |
Financing a Company
Meeting the ( 1 ) of small and medium ( 2 ) is important for the development of a viable local private sector.
When going into business, ( 3 ) is one of the most important factors. Without sufficient funds a company cannot begin operations. The money needed to start and continue operating a business is known as ( 4 ). A new ( 5 ) needs capital not only for ongoing expenses but also for purchasing necessary ( 6 ). These assets - inventories, equipment, buildings, and property - represent an ( 7 ) of capital in the new business. Capital is also needed for salaries, credit extension to customers, advertising,
( 8 ), and many other day-to-day operations. In addition, ( 9 ) is essential for ( 10 ) and expansion of a company. Because of ( 11 ) in the market, capital needs to be invested in developing new product lines and ( 12 ) techniques and in acquiring assets for future expansion.
How this new company obtains and ( 13 ) money will, in large measure, determine its ( 14 ). The process of ( 15 ) this acquired capital is known as financial management. In general, ( 16 )is securing and utilizing capital to start up, operate, and ( 17 ) a company. In financing business operations and expansion, a business uses both short-term and long-term capital. A company utilizes short-term capital to pay for salaries and office ( 18 ) that last a relatively short period of time. On the other hand, a company seek long-term financing to pay for new assets that are expected to last many years. When a company obtains capital from external sources, the financing can be either on a short-term or a long-term ( 19 ). Generally, short-term financing must be repaid in less than one year, while long-term financing can be repaid over a longer period of time.
Finance involves the securing of ( 20 ) for all phases of business operations. In attracting and using this capital, the decisions made by managers affect the overall financial success of a company.