Ex.8. Write the appropriate word or phrase in the following spaces. Translate the sentences into Ukrainian.
1. It’s been a pleasure … with you.
2. My wife is a doctor, but I am … .
3. Small shops … very quickly.
4. She … her own company and proved to be a very good businesswoman.
5. They work for an engineering … .
6. When a … becomes bankrupt, its stock is of no value anymore.
7. The company … its sales force from 10 to 20 representatives.
8. … of that car bought it at an auto dealer.
9. Have you ever … with this company before?
10. He has no idea how … a successful business.
11. An increasing number of European firms are … with Japan.
12. Very hot weather … how people feel and act.
13. She … her hunger by eating a steak.
14. … of alcohol in that country is forbidden.
15. That computer company is a …; all it has are few employees and a good idea.
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Ex.9. These words are often confused:
economic – economical, economics – economy
| Economy | – the organization of a country's wealth-producing commerce and industry; – the deliberate saving of money through carefully-controlled spending. |
| Economics | – the scientific study of a society's money, industry and trade. |
| Economic | – related to the economy – cost-effective |
| Economical | – if something is economical it does not require a great deal of money to operate – an efficient way of doing things |
Complete these sentences using the correct form of one of the words above. Make sentences of you own to show that you understand the difference in their meaning.
1. The government’s … policy has created a lot of problems.
2. It may be … to use a cheaper form of fuel.
3. Consultation will focus on the … and diplomatic issues.
4. … is one of the major subjects which future economists study.
5. We are looking for more … production methods.
6. The country is in a state of … crisis.
7. The new heating system proved … to use.
8. The government is attempting to reduce inflation and strengthen the … .
9. Industrial production has slowed down in all the world’s major … .
10. This machine is no longer … to run.
11. The IMF helps the … of the developing world.
12. Investors watch the rate of … growth closely.
13. My friend studies … .
14. Buying second-hand equipment can be a false … .
Exercises in Comprehension
Ex.1. Answer the following questions:
1. What is the economic system made up of?
2. Why do people depend on businesses?
3. What is business?
4. What is a business organization?
5. Do businesses vary in size?
6. What are corporations?
7. Where do multinationals operate?
8. What do we call “big business”?
9. What does “to do business” mean?
10. When may a company go out of business?
11. What affects a company development?
12. What can a company do to improve its business?
Ex.2. Sum up what you remember about:
а) corporations and multinationals,
б) big business and small business,
в) doing business.
Grammar Revision
| Present Simple and Present Continuous |
| We use the Present Simple: sfor routines and habits I go to the bank twice a month. |
| sfor permanent situations My friend works in a bank. |
| sfor facts Water boils at 100o centigrade. |
| sfor timetables or fixed events in the future, that are usually beyond the speaker’s control: The train leaves in 10 minutes. |
| We use the Present Continuous: sfor actions happening now I am working on my report at the moment. sfor temporary actions or situations I am staying with my friends till I find a new flat. sfor changing or developing situations The economic situation is getting worse in this country. sto talk about something that happens often and is unplanned or irritating (with always) She is always grumbling and complaining. sto talk about future arrangements and plans: I am leaving at four on the first flight to London. |