Unit 3. BUSINESS MATTERS

Ex. 1. Read the text and answer the questions.

What is Business

Business is not an easy thing. It’s rather a difficult kind of human activity. It has many important elements such as money, taxes, customers, transport, banks and others. There are two general types of business: small business and big business.

Why do people do business? Why do they like small business? People do business by producing goods or providing services. They buy and sell goods. They do business for a profit. If you ask “What business is good?”, the answer will be: “All business are good”.

Production of goods is very profitable; provision of different services is profitable too. Communications are a good business too, for example, telephone, telegraph and mail services. Financial services, for example, banking and insurance work very well, too.

So, people do different types of business for a profit. Doing business has become very popular everywhere. For example, the whole families in America run small business now. At present it is very popular to be a businessman or a businesswoman. It should be noted that women, like men, successfully run a firm or a company, they prove to be good bank managers or shop keepers.

Briefly speaking, doing business is a comparatively new and perspective tendency in modern life.

There are three main types of business: a sole trader (you alone have responsibility for the business and you take all profits after paying income tax on them); a partnership (a group of between 2 or twenty people trade, as one firm, and share responsibility for debts, decision-making and the profits); a limited company (a company formed by two or more shareholders who put money into the business in return for a share of the profits).

Vocabulary

1. to do business – заниматься бизнесом
2. to run business – руководить, управлять предприятием
3. to produce goods – производить товары
4. production of goods – производство товаров
5. by producing goods – производя товары (путем производства товаров)
6. to provide services – предлагать услуги
7. by providing services – предоставляя услуги (путем обеспечения услугами)
8. a profit – прибыль
9. insurance – страховка
10. shop keeper- зав.магазина
11. comparatively – сравнительно
12. perspective – перспективный
13. human activity – деятельность человека
14. customers – покупатель
15. communications – средства связи
16. a sole trader – единоличный предприниматель
17. responsibility for - ответственность за…
18. income tax – подоходный налог
19. partnership – партнерство
20. to trade – торговать
21. to share – разделять; share – акция; shareholder – акционер
22. debt – долг
23. to make decision -принимать решение; decision-making – принятие решение
24. limited company – компания с ограниченной ответственностью
25. to put money into; to invest – вкладывать деньги в …

like men – подобно мужчинам

successfully – успешно

they prove to be good managers – они оказываются хорошими управляющими

in return for - в обмен на

Answer the questions:

1. Is business an easy or a difficult kind or human activity?

2. What types of business do you know?

3. Why do people like small business?

4. For what purpose do people do business?

5. In what two forms do people do business?

6. What business do you think is good?

7. What main services do you know?

8. Are production of goods and provision of services profitable?

9. Has doing business become very popular everywhere nowadays?

10. Do women, like men, successfully run a firm or a company?

11. Do women prove to good bank managers or shop keepers?

12. Is doing business a new and perspective tendency in modern life?

13. Do you prefer to work as a sole trader, a partnership or a limited company?

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