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II Read and translate the text.

I Pre-reading task.

A Read the definition of the word “ business” presented by Longman Business English Dictionary. Match the meanings of this word with the sentences below.

Business – 1 (U) the production, buying, and selling of goods or services for profit;

2 (U) the work that you do as part of your job;

3 (C) a person or organization that produces and sells goods or services;

4 (U) the amount of work a company has or is doing;

5 (U) work that must be done in a particular job or period of time;

 

a) The company isn’t doing much business in Japan.

b) Do you want to manage your own business?

c) Student on the course learn about all aspects of the business.

d) Adam is in Brazil on business.

e) We discussed this week’s business.

 

B What kinds of business do you know? Match the types of business with their definitions. Translate. Make up your own sentences with these words.

1 big business a) the selling of goods or services to members of the

public, or companies involved in this

2 one-man business b) the business that makes the most money for a company

and that is considered to be its most important and

central one

3 core business c) business that is owned and managed by members

of the same family

4 show business d) very large companies considered as a powerful group

with a lot of influence

5 small business e) a business consisting of only one person

6 family business f) if a company has this kind of business, customers

return to it to buy more of its products or services

7 retail business g) a business with not many employees, or these

businesses considered as a whole

8 repeat business h) the entertainment industry, for example television,

films, and popular music

 

II Read and translate the text.

Business is a word which is commonly used in many different languages. But exactly what does it mean? The concepts and activities of business have increased in modern times. Traditionally, business simply meant exchange or trade for things people wanted or needed. Today it has more technical definition. One definition of business is the production, distribution and sale of goods and services for a profit. To examine this definition, we will look at its various parts.

First, productionis the creation of services or the changing of materials into products. One example is the conversion of iron ore into metal car parts. Next these products need to be moved from the factory to the marketplace. This is known asdistribution. A car might be moved from a factory in Detroit to a car dealership in Miami.

Third is the sale of goods and services. Sale is the exchange of a product or service for money. A car is sold to someone in exchange for money. Goodsare products which people either want or need; for example, cars can be classified as goods. Services, on the other hand, are activities which a person or group performs for another person or organization. For instance, an auto mechanic performs a service when he repairs a car. A doctor also performs a service by taking care of people when they are sick.



Business, then, is a combination of all these activities: production, distribution, and sale. However, there is one other important factor. This factor is the creation of profit or economic surplus. A major goal in the functioning of any business company is making a profit. Profit is the money that remains after all the expenses are paid. Creating an economic surplus or profit is, therefore, a primary goal of business activity.

 


Date: 2016-03-03; view: 1155


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