1 Business Organization

needs satisfy survive depend on consumption business profit owner affect (v)

потреби задовольняти вижити; продовжити існувати залежати від споживання бізнес, комерційна діяль-ність, торгове підприєм-ство, фірма, справа прибуток власник впливати на

provide services multinational set up/establish a business be in business run a business do business deal with (v) go out of business expand a business diversify

надавати послуги транснаціональна корпорація створювати бізнес займатися торгівлею керувати підприємством вести бізнес займатися (чимось); бути клієнтом, купувати (у когось) ліквідувати підприємство розширювати бізнес різноманітити, варіювати

The economic system is made up of people with basic needsthat they mustsatisfytosurvive. As most people cannot produce all the goods and services they need, wedependonother persons or businesses to make them for ourconsumption. Abusinessorganization is a firm, a company or a business that makes, buys or sells goods, or provides services, to make aprofit.

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 organizations 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 businessorestablishing a business. Once a business has been established we talk aboutbeing in businessorrunning a business.

To do businessmeans to trade ordeal witha company or country. It's not easy to organize a business and to operate it successfully. When a company is not successful, it maygo out of business.

The economic situation, as well as decisions taken by the ownersof a company,affectshow it grows and changes. You may expand your business, specialize in something, you may alsodiversifyyour business.

1) What is the economic system made up of? 2) Why do people depend on businesses? 3) What is a business organization? 4) What are corporations? 5) Where do multinationals operate? 6) What do we call "big business"? 7) What does "to do business" mean? 8) When may a company go out of business? 9) What affects a company development? 10) What can a company do to improve its business?

1 Match words that have a similar meaning:

depend onfirmset up a business go out of business run a business expand affect profit needs

necessities of lifegainsell out a businessestablish a businessenlarge operate a business companyinfluence rely on

2 The words in the box frequently occur after "business". Find combinations that mean: 1) a small card showing a person's name, position and company name;2) a visit to clients, suppliers or other business contacts which takes you away from home;3) a document showingde-

tails of how someone aims to run the company, expand, introduce new product lines, and so on;4) the people who own a business together;5) the process of running a company;6) a college or part of university where courses on business subjects are taught;7) the organizations and people involved in business;8) a meeting with lunch to talk about work or to entertain clients;9) the ability to encourage or predict commercial activity;10) a gathering of people to discuss work topics;11) a letter about a business transaction, often following a certain form.