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Ex. 11. Read the text.

Wal-Mart Moves Step Closer to Russia

W

al-Mart is the world’s largest retailer. The company registered a subsidiary under the name WM Eastern Europe Holdings and joined the Russian Association of Retail Trade Companies, or AKORT. Members of this association include French retail giants Carrefour and Auchan, Germany’s Metro, as well as local firms X5 Retail Group and Magnit.

Wal-Mart Stores, Inc. branded as Walmart since 2008 and Wal-Mart before then, is an American public multinational corporation that runs chains of large discount department stores and warehouse stores. The company is the world's 18th largest public corporation and the largest public corporation when ranked by revenue. It is also the biggest private employer in the world with over 2 million employees. The company's business model is based on selling a wide variety of general merchandise at "always low prices."

The company was founded by Sam Walton in 1962, incorporated on October 31, 1969. It is headquartered in Bentonville, Arkansas.

Walmart has 8,500 stores in 15 countries, under 55 different names. The company operates under its own name in the United States. It operates in Mexico as Walmex, in the United Kingdom as Asda, in Japan as Seiyu, and in India as Best Price.

Wal-Mart is governed by a fifteen-member Board of Directors, which is elected annually by shareholders. Robson Walton, the eldest son of founder Sam Walton, serves as Chairman of the Board. Michael T. Duke serves as Chief Executive Officer.

Ex. 12. Answer the following questions:

1. What kind of company is Wal-Mart?

2. What industry does it work in?

3. Where is it headquartered?

4. When was the corporation founded?

5. How many countries does it operate in?

6. How many people does it employ?

7. Does it have any stores (subsidiaries) in other countries?

8. What was the revenue (net income) in 2010?

9. Who is the CEO of Wal-Mart?

10. Who are Wal-Mart’s main competitors?

Ex. 13. Study the chart and make dialogues:

Student A: Look at the list. Wal-Mart is number one in the list of companies by revenue. Do you know this corporation?

Student B: Unfortunately, I don’t. Can you tell me anything about it? (Use the questions in ex. 12).

Revenue1 - income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover. Some companies receive revenue from interest, dividends, etc.

Net income2 - the money a company has after paying tax and other costs.

CHF4 – Swiss franc.

List of Companies by Revenue in 2010

UNIT 3. JOBS

Ex. 1. Look at these jobs. Who do you think get the highest salary? Put the jobs in order, the highest salary first.

lawyer

nurse

accountant

fashion model

firefighter

teacher

engineer

taxi driver

Ex. 2. Which of the following would you like or not like in a job?

  1. a lot of telephone work

  2. to write a lot of reports

  3. to work with the same people

  4. to work with a lot of different people

  5. to work on your own

  6. to use English at work

  7. to work flexible hours

  8. to travel abroad

  9. to wear casual clothes (uniforms)