Business plays a vital role in the economy. If you wish to succeed in business you should have a clear idea not only of trade, marketing, management, finance, etc. but you also need to know how to use and understand professional business vocabulary. This book will take you through different business areas and will make you understand what is required to be a successful businessman. It will also help you master commonly used business terms relevant to your chosen field of interest. You will find everything you need in this book to become more proficient in your professional English and to work more effectively in the world of business.
Good Luck
Diagnostic Pre-test
Choose the most suitable word or phrase.
1. The president ______ the election yesterday.
a) won b) wins c) has won
2. When ______ the conference?
a) did you attend b) have you attended c) you will attend
3. This picture _______ by Goya.
a) is being painted b) was painted c) painted
4. He said his name ______ Tom.
a) is b) was c) were
5. If I meet him I ________ him my new address.
a) will give b) give c) would give
6. My friend wishes he ________ a car.
a) have b) has c) had
7. I want to finish this letter before my secretary _________.
a) will come back b) came back c) comes back
8. He wanted me ______ him five euro.
a) lend b) to lend c) that I lend
9. The office manager had a difficult decision to make today, _____?
a) wasnt he? b) didnt he? c) hadnt he?
10. Helen is ______ person I know.
a) the more intelligent b) the most intelligent c) most intelligent
11. She _______ here for 10 years.
a) is working b) has been working c) works
12. We _______ examinations twice a year.
a) have been taking b) take c) are taking
13. Last year we hoped she ________ come.
a) will b) would c) shall
14. If they ______ to an agenda, we must postpone the meeting.
a) have yet agreed b) still have not agreed c) already are agreeing
15. The new employee is both ambitious _______ hard working.
a) or b) neither c) and
16. When he ______, our representatives will present the new plan to the public.
a) arrived b) arrives c) had arrived
17. At this moment, I _______ my ears!
a) couldnt believe b) cant believe c) am not believing
18. She _______ all of her work by 9.00 p.m. tonight.
a) has finished b) is finishing c) will have finished
19. All my money _______ by the burglars!
a) was stealing b) has been stolen c) were stolen
20. He ______ away from work all this week.
a) is b) has been c) have been
21. Our guests _______. They are sitting in the office.
a) had arrived b) arrived c) have arrived
22. If I ________ you I would tell him the truth.
a) was b) were c) am
23. All his money ________ spent on books last month.
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a) was b) were c) have been
24. She has neither friends ______ relatives to help her.
a) or b) nor c) and
25. He is not so ______ as I am.
a) busy b) busier c) more busy
26. I wish you _______ so much coffee.
a) havent drunk b) drink c) didnt drink
27. I expect _______ to help you.
a) him b) his c) he
28. I heard that he _______ his own business.
a) established b) had established c) establishes
29. I didnt see this girl _______.
a) somewhere b) anywhere c) nowhere
30. I cant join your company. I have ________ time.
a) few b) much c) little
Unit 1 Business and businesses
Lesson 1
Text: Business Organization
Grammar: Present Simple and Present Continuous
Terms to remember:
| needs | ™ | |
| satisfy (v) | ™ | |
| survive (v) | ™ | ; |
| depend on (v) | ™ | |
| consumption | ™ | |
| business | ™ | , , , , , |
| firm | ™ | |
| company | ™ | , |
| vary (v) | ™ | ; |
| profit | ™ | |
| provide services (v) | ™ | |
| corporation | ™ | |
| multinational | ™ | , |
| set up a business (v) | ™ | |
| establish a business (v) | ™ | |
| start-up | ™ | |
| be in business (v) | ™ | , |
| run a business (v) | ™ | |
| do business (v) | ™ | , |
| trade (v) | ™ | |
| deal with (v) | ™ | (); 볺, ( ) |
| go out of business (v) | ™ | |
| expand a business (v) | ™ | |
| specialize (in something) (v) | ™ | |
| diversify (v) | ™ | , |
| owner | ™ | |
| affect (v) | ™ |
Business Organization
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.
Business is the activity of producing, buying and selling goods and services.
A business organization is a firm, a company or a business that makes, buys or sells goods, or provides services, to make a profit.
Businesses vary in size.
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 organisations 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. New businesses are called start-ups. Once a business has been established we talk about being in business or running a business.
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To do business means to trade or deal with a company or country. Its 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, affect how it grows and changes. You may expand your business, specialize in something, you may also diversify your business.
Exercises in Word Study
Ex.1.Form verbs and adjectives from the following nouns:
profit, operation, economy, decision, change, expansion, activity, success, diversity, dependence.
Ex.2. Give the English for:
; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; .
Ex.3. Match words from list A with words from list B that have a similar meaning.
| A | B |
| depend on firm set up a business go out of business run a business expand a business affect profit needs | necessities of life gain sell out a business establish a business enlarge a business operate a business company influence rely on |
Ex.4. Find suitable opposites to the following words and phrases:
to buy, loss, to close down a business, to set up a business, unsuccessful.
