Business Organization

needs satisfy survive depend on consumption business     profit owner affect (v)

потреби задовольняти вижити; продовжити існувати залежати від споживання бізнес, комерційна діяль-ність, торгове підприєм-ство, фірма, справа прибуток власник впливати на

provide services multinational set up/establish a business be in business run a business do business deal with (v)   go out of business expand a business diversify

надавати послуги транснаціональна корпорація створювати бізнес займатися торгівлею керувати підприємством вести бізнес займатися (чимось); бути клієнтом, купувати (у когось) ліквідувати підприємство розширювати бізнес різноманітити, варіювати

The economic system is made up of people with basic needs that they must satisfy to survive. As most people cannot produce all the goods and services they need, we depend on other persons or businesses to make them for our consumption. A business organization is a firm, a company or a business that makes, buys or sells goods, or provides services, to make a profit.

Large companies are referred to as corporations. Many consider the corporation the ideal way to organize business. Large companies operating in many countries are multinationals.

Big business can refer to large business organizations or to any business activity that makes a lot of money. Small companies are referred to as small businesses or small firms.

When we start a business we talk about setting up a business or establishing a business. Once a business has been established we talk about being in business or running a business.

To do business means to trade or deal with a company or country. It's not easy to organize a business and to operate it successfully. When a company is not successful, it may go out of business.

The economic situation, as well as decisions taken by the owners of a company, affects how it grows and changes. You may expand your business, specialize in something, you may also diversify your business.

1) What is the economic system made up of? 2) Why do people depend on businesses? 3) What is a business organization? 4) What are corporations? 5) Where do multinationals operate? 6) What do we call "big business"? 7) What does "to do business" mean? 8) When may a company go out of business? 9) What affects a company development? 10) What can a company do to improve its business?

1 Match words that have a similar meaning:

depend on firm set up a business go out of business run a business expand affect profit needs

necessities of life gain sell out a business establish a business enlarge operate a business company influence rely on

2 The words in the box frequently occur after "business". Find combinations that mean:   1) a small card showing a person's name, position and company name; 2) a visit to clients, suppliers or other business contacts which takes you away from home; 3) a document showing de-

tails of how someone aims to run the company, expand, introduce new product lines, and so on; 4) the people who own a business together; 5) the process of running a company; 6) a college or part of university where courses on business subjects are taught; 7) the organizations and people involved in business; 8) a meeting with lunch to talk about work or to entertain clients; 9) the ability to encourage or predict commercial activity; 10) a gathering of people to discuss work topics; 11) a letter about a business transaction, often following a certain form.

3 Match the words and phrases in the box with the correct definition:

1) a very large organization that owns companies in more than onecountry in order to obtain cheap rawmaterials and make efficient use of a local workforce; 2) the moneygained in a business deal, esp.the difference between the amount earned and the amount spent; 3) a person or business that owns smth; 4) two or more peopleinbusiness

to makea profit by selling goods or services; 5) commercial activities in general; 6) a large groupof companies; 7) to enter new types of businesses; 8) a nation's system for allocating its resources amongits citizens.

4 Choose the correct word from the box to complete the gaps. Translate the sentences into Ukrainian:

go out of business, affects, to do business, company, corporation, the owner, dealt, trading, set up, expanded, to run, in business, satisfied

1 It's been a pleasure... with you. 2 My wife’s a doctor, but I’m.... 3 Small shops... very quickly. 4 She... her own company and proved to be a very good businessperson. 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 ten to twenty 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.

5 Complete the sentences using these often confused words: economic - economical, economics – economy

1The government's... policy has created a lot of problems. 2... is one of the major subjects which future economists study. 3 We are looking for more... production methods. 4 The country is in a state of... crisis. 5 The new heating system proved... to use. 6 The government is attempting to reduce inflation and strengthen the.... 7 Industrial production has slowed down in all the world’s major.... 8 This machine is no longer... to run. 9 The International Monetary Fund helps the... of the developing world. 10 Investors watch the rate of... growth closely. 11 My friend studies....

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