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        1. Make up your own dialogue using the following exp­ressions:

to meet one's expenses depreciation

to cover the cost of smth long-term loans

the principal to have voting rights

security exchange mutual funds

overproduction to be in demand

        1. Make the following sentences passive:

Model: A firm will use this amount of money to meet its expenses next week.

This amount of money will be used to meet expenses of a firm next week.

1. This business will use internal funds to cover the cost of depreciation. 2. A firm will sell its products and services soon. 3. He will use short-loan terms to finance the everyday costs of doing his own business tomorrow morning. 4. The firms will produce these goods and services which are in demand in two days. 5. The couple will buy the things they want and need in this supermarket tomorrow.

        1. Translate the verbs in brackets in English using them in the necessary tense-form:

1. The principal (буде виплачено) by this business within a year. 2. When the funds come from within the firm they (будуть описані) as internal funds. 3. Long-term loans (бу­дуть використані) to purchase equipment, buildings, etc. 4. In this case demand (буде створений) by supply. 5. Stock (буде продано) by mutual funds and the proceeds (буде використано) to invest or speculate in the security markets.

        1. Translate into English:

1. Коли борги надходитимуть із зовнішніх джерел, вони будуть описані як зовнішні борги. 2. Для чого будуть вико­ристані короткострокові та довгострокові позики? 3. Відсотки та запозичена сума будуть отримані кредиторами наприкінці терміну. 4. Акції будуть продані корпораціями для вико­ристання грошей на фондових біржах.

        1. Communicative situations:

          1. Imagine that you have a great idea for a new popcorn popper. Explain how you would go about raising capital to develop your idea, manufacture and market your product?

          2. There is a saying, «Neither a borrower nor a lender be». Explain why you agree or disagree with this advice with regard to business in our market economy.

          3. Scanning the financial section of the newspaper, you notice that the price-earnings ratio of excellent bank stock range from 5 to 7, while other company stocks had P-E rations over 100.

How do you explain this wide variation?

Lesson 7

PRODUCTION AND MARKETING.

THE BUSINESS OF BUSINESS

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