7. Look at the sales and profit figures for three clothing retailers.

Then complete the article below with the correct words and phrases from the box.

	Sales €m	% change	Profit €m	% change
Тага (founded 1991)	24	+11	2	+ 2
Orb (founded 2005) Zileti (founded 1999)	12 14	+ 38 + 23	1.2 2.1	+ 9 + 14

a little faster lower more interesting much slowest the best the most the oldest

The three biggest clothing retailers performed well last year. If we look at the sales figures, we can see that Tara's sales were ....(1)higher than its competitors'. Orb's sales were just …(2) lower than Zileti's. But the percentage change in sales is …(3) than the sales figures. Тага …(4) company, shows a much…(5) growth than its competitors. It is, in fact, the youngest company, Orb, which shows…( 6) impressive growth in sales. Let's now turn to profit figures. Here, Zileti shows…( 7) performance. Its profit grew much …(8) than Orb's or Tara's, Тага showing the …(9) profit growth at 2%, compared with 9% for Orb and 14% for Zileti. (9)

Total 50

Economics is about …

+ economizing

the output of services and goods

the exchange of services and goods

The main types of economic activity are

producing of finished goods and semi-finished goods

(+) production , consumption exchange

the output of services and goods

Production includes …

the exchange of services and goods

+ the output of services and goods

+ the making of some physical object

This system of exchange depends on …

+ the use of money

the use of goods and services

the exchange of services and goods

Consumption means …

the output of services and goods

the using up finished goods and semi-finished goods

+ the using up of goods and services

The iron is made into steel and the wheat is made into flour in…

(+) processing

extracting

manufacturing

The steel is made into knives and the flour is made into bread .

Steel and flour are…

(+) semi-finished

(-) finished goods

Steel forks are …

(+) semi-finished

(-) finished goods

Finished goods …

(+) are complete in themselves

must be assembled before they can be used

(+) the results of the processing stage

The manufacturer sells his products to the wholesaler, the wholesaler sells to the retailer, and the retailer sells to the consumer

(+) True

The manufacturer sells his products to the wholesaler, the retailer sells to the wholesaler, and the wholesaler sells to the consumer

(+) False

True

Choose the correct words from the box to complete the text. You will not need all the words.

casual childcare face-to-face family first flexible formal informal leave

part-time shift telephone

Eraline is a modern, dynamic, middle-sized company with an .informal.¹ business

culture. For example, staff use ² names when they speak to each other,

and we do not have to wear smart clothes every day, as there is a system of

³ Fridays. Reporting procedures, too, are informal: we do not write a lot

of reports or e-mails to each other, because we think it is better to speak

We have ⁵ hours, which means we can start at 8.30, 9.30 or 10.30 a.m.

In some companies, people have to work at night one or two weeks a month, but

not at Eraline. I am happy about that, because I do not like ⁶ work at

all! Finally, as regards time off, most of us get 20 days'annual ⁷.

Match each phrase (1-5) with its explanation (a-e).

A positive company culture ...

1 empowers employees. a) New ideas and change are welcome.

2 supports innovation. b) Relationships between employees and

managers are open and honest.

3 is customer focused. c) Staff have a lot of control over their work.

4 rewards good performance. d) The needs and wants of the customers

always come first.

5 encourages trust at all levels. e) There is an incentive scheme for

efficient employees. (5)