Text Comprehension

IV. Read the text again and answer the following questions.

1. What is commerce concerned with?

2. Who do most people deal with in their everyday life?

3. What is the second branch of commerce?

4. What branches of commerce are connected with home and foreign markets?

5. What does the extent of both home and foreign trade depend upon?

6. How does the development of transportation influence commerce?

7. What forms the main divisions of commerce?

8. What are the two important ancillaries to commerce?

V. Read the text and find the words in it which mean the following.

§1unprocessed, §2substitute, §3empower, §4obtain, include; §7consist; amount

VI. Find the definitions of these words and phrases in the text.

a) goods or services sold to a foreign country or countries

b) the business or system of transporting goods

c) the activity embracing all forms of the purchase and sale of goods and services

d) the act, system, or business of providing financial protection for property, life, health

e) the act of obtaining and paying for an item or service

f) goods or services that are bought from foreign countries

g) an article of commerce

VII. Look for details in the text and choose the proper option.

1. Under modern conditions the business of distribution has become ………...

i. as complex as production

ii. as complex as IT

iii. as complex as business

2. Any transaction is commercial in character if it involves ………...

i. a buyer and a seller

ii. exchange of goods

iii. manufacturing

3. Wholesaling is …………...

i. selling in bulk

ii. selling at a discount price

iii. buying in large quantities

4. The manufacturer employs ………… to sell its goods.

i. an insurance agent

ii. a selling broker

iii. a logistics officer

5. Transfer of goods from one place to another would clearly be impossible……………….

i. without a manager

ii. without special documents

iii. without some means of transport

6. Banks assist commerce by providing businessmen …………...

i. with convenient means of payment

ii. with all the necessary documents

iii. with different kinds of information

VIII. Which of the three is the key message of the text?

a. The four kinds of trade, retailing, wholesaling, exports and imports together with transport, banking, insurance and advertising form the main divisions of commerce.

b. There are four branches of commerce: retailing, wholesaling, exports and imports.

c. Exports and imports comprise different kinds of trade together with other ancillaries to commerce.

Vocabulary Focus

Дата добавления: 2015-11-14