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III. Read the article carefully. Then decide whether these statements are true

or false.

  1. If you want your new business to succeed, you first need to gain all the necessary skills and experience.

  2. New entrepreneurs sometimes rightly decide to let another person lead the company they started up.

  3. Good cashflow management is a necessary condition for a business to be successful.

  4. An effective team will have experience in three key areas.

  5. You need to put in a lot of time and effort before you can enjoy the rewards of owning a fast-growing start-up.

  6. Building the right team is the magic formula to setting up a successful business.

IV. Match the verbs 1-8 to the nouns a-h to make word combinations from

the article.

  1. make

  2. start

  3. have

  4. give up

  5. know

  6. form

  7. need

  8. build

  1. a product

  2. experience

  3. time and money

  4. a business

  5. a decision

  6. skills

  7. a team

  8. strengths and weaknesses

V. Render the article in English.

LISTENING 3

Dealing with numbers

(Market Leader Pre-Intermediate Unit 11 Recording 11.5)

I. Say these numbers. Listen and check after each group.

  1. 47 362 1,841 15,000 36,503 684,321 4,537,295

  2. 3.5 2.89 9.875

  3. 3/4 1/8 6/7 1/2 2/3

  4. 15% 50% 97% 100%

  5. f 80 $5,800 150,000 euros 20,000 euros

II. Try and answer these questions.

  1. What is the population of your city?

  2. How many people study at your institute department?

  3. What is the average salary in your country?

  4. What is the inflation rate?

  5. What are the interest rates in the banks?

  1. Listen to the following extracts from a radio business news programme.

Underline the numbers you hear.

  1. a. Inflation rate: 2.0% / 1.2%

b. Unemployment: 1,258,000 / 1,800,000

  1. a. Profits increase: $ 1.8 billion / $ 1.8 million

b. Sales increase: 80% / 18%

  1. a. Job losses: 1/3 / 1/4

b. Workforce reduction: 15,000 / 5,000

    1. a. Interest rate reduction: 0.5% / 1.5%

b. Economic growth: 2.8% / 1.8%

Useful language

Saying large numbers

Example. 912,757,250 =

912,

757,

250

nine hundred and twelve million,

Seven hundred and fifty-seven thousand,

Two hundred and fifty

British and American differences

320 = three hundred and twenty (BrE)

Three hundred twenty (AmE)

0 = nought / oh (BrE), zero (AmE)

Decimals

1.25 = one point two five

0.754 = nought point seven five four (BrE)

zero point seven five four (AmE)

point seven five four (BrE/AmE)

Fractions

5/7 = five sevenths 2/5 = two fifths ½ = a half ¼ = a quarter

Percentages

65% = sixty-five percent

Currencies

f 3,000,000 = three million pounds $16,000 = sixteen thousand dollars

  1. You work for a Marketing Department which is launching a new range of mobile phones in the overseas market. You are gathering statistical information. Work in pairs.

Student A: ask and answer questions to complete the information in your tables. For example, What’s the population of Tokyo? (Twenty-six point four million OR Twenty-six million, four hundred thousand).

Biggest cities (population in millions)

  1. Tokyo …

  2. Mexico City …

  3. Sao Paulo 17.8

4. New York 16.6

Computers per 100 people

  1. Luxembourg 77.4

  2. United States …

  3. Switzerland …

  4. Denmark 46.2

Oldest population (% aged over 65)

  1. Italy …

  2. Greece 17.9

  3. Sweden …

  4. Japan 17.1

Cars per 1,000 people

  1. Luxembourg 650

  2. Italy …

  3. Iceland 570

  4. Germany …

Student B: ask and answer questions to complete the information in your tables. For example, What’s the population of Sao Paolo? (Seventeen point eight million OR Seventeen million, eight hundred thousand).

Biggest cities (population in millions)

  1. Tokyo 26.4

  2. Mexico City 18.1

  3. Sao Paulo …

4. New York …

Computers per 100 people

  1. Luxembourg …

  2. United States 55.5

  3. Switzerland 53.1

  4. Denmark …

Oldest population (% aged over 65)

  1. Italy 18.2

  2. Greece …

  3. Sweden 17.4

  4. Japan …

Cars per 1,000 people

  1. Luxembourg …

  2. Italy 689

  3. Iceland …

  4. Germany 670

CASE STUDY

Setting up a business