Exercise 3

Grant:

A mahogany desk with … … … , secret drawer … … ! Leather top? Oh, really, John, what … … … does he think we are? Our business is mass-produced … … … !

John:

I said we'd … … . It's for the … … … . They are prepared … … . It would be additional to … … … .

Grant:

Don't be ridiculous. We've dropped … … of line from … … . That was part of … … … .

John:

Couldn't … … make it?

Grant:

That … … ?

John:

Yes. He's … … … of the old school. Look at … … … he made … … . You said at the time we introduced … … , during … … … , that … … redundant Well, here's … … he can be … … on, and he'd be delighted to do it. He'd produce a magnificent … … … , it'd be the envy of all … … … and a splendid advertisement for us.

Grant:

Well, you have committed us to it, so we must … … , I suppose.

1.

overheads

a.

overhead expenses incurred in running a business

2.

c.i.f.

b.

costs of the day-to-day running of a business or of part of a business, i.e. any cost, other than the cost of the goods offered for sale

3.

f.o.b.

c.

asking for information

4.

budget

d.

price at which one currency is exchanged for another

5.

letter of inquiry

e.

plan of income or expenditure for an exact period of time

6.

rate of exchange

f.

every quarter or three months’ analysis of statistics or figures

7.

irrevocable letter of credit

g.

this price includes all costs to a named port of shipment free alongside ship - the buyer pays for loading, onward shipment and insurance

8.

quarterly breakdown

h.

a sample list of goods supplied, with prices and charges sent to a potential buyer so that he can see clearly what total costs will be

9.

pro forma invoice

i.

a contract for the sale or buying of goods at a special all-in price, where any condition is contingent on all the others being accepted

10.

package deal

j.

the agreement to pay a certain sum of money that cannot be changed or revoked

k.

the price of the goods includes all the charges (shipping, insurance, forwarding) until the goods reach the port

l.

a fixed relation or proportion in value between the money used in different countries

m.

the cost of the goods includes all charges up to the time when the goods are put on board the ship; after that, the charges must be met by the buyer

n.

in accounting, estimate of future needs calculated for a definite period

o.

this price covers cost, insurance and freight to a named port of destination in the buyer’s country

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

a, …