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- •Издательство
- •Ж.Г. Аванесян
- •Для экономистов
- •Isbn 978-5-370-00797-2
- •Учебное издание Редактор л.Н. Волкова Корректор ал. Воробьева Компьютерная верстка к.С. Шахалина, о.Н. Баканковой
- •Отпечатано в полном соответствии с качеством предоставленных лиапозитипов вОао «Дом печати - вятка». 610033. Г. Киров, ул. Московская, 122
- •Isbn 978-5-370-00797-2
- •Business success stories of all time
- •Предисловие
- •Basics of economics
- •Essential Vocabulary
- •Exercises
- •9 * Before you listen to Dialogue No 2 match the expressions in the left column with their translation in the right one.
- •10. Workers questioned rated job as more
- •Words and Expressions
- •Types of businesses
- •It is important to realise that a business will have other aims. These include:
- •Essential Vocabulary
- •Corporate combinations
- •Words and Expressions
- •Multibillion-dollar corporate mergers occurred
- •Market structure
- •Essential Vocabulary
- •Exercises
- •Essentials of marketing
- •Essential Vocabulary
- •Interest-free - беспроцентный
- •Exercises
- •Marketing mix in action
- •Isolated by (3) - dividing a market into
- •Words and Expressions
- •Notes to Quotations
- •Pricing policy
- •In addition to adopting particular pricing method, a firm can also follow a number of pricing strategies or tactics. The more common of these include:
- •Exercises
- •Input in this sector is relatively small, second sawa intends to conduct a competitive pricing policy with
- •Selling price for a finished product
- •Demand, supply and market equilibrium
- •Words and Expressions
- •Insurance premium - страховые взносы
- •Irregular demand - неравномерный спрос
- •Consumers are hesitating to buy
- •Robotics and technological change
- •Goals of advertising
- •Introduce a new product or a new price schedule.
- •Essential Vocabulary
- •Increase sales увеличить объем продаж
- •Exercises
- •Impact on a product's sales but the exact effect is uncertain.
- •Advertising media
- •Words and Expressions
- •Advertising
- •In general the advertising of a particular product or service during a particular period of time is called an advertising campaign.
- •Sales promotion
- •Essential Vocabulary
- •Exercises
- •Discussing a promotional campaign
- •Distribution and sales
- •Words and Expressions
- •Personal selling
- •Notes to Quotations
- •The financial objectives of the business
- •In return for - в оплату за
- •Injection of funds вложение капитала
- •Internal finance - внутреннее финансирование
- •Exercises
- •Planning a new business
- •The financial control of the business
- •Words and Expressions
- •Interest charges - расходы по уплате процентов; процент по займам
- •The functions of money
- •Essential Vocabulary
- •Exercises
- •The history of american money and ranking
- •5* Before you listen to Talk No 1 use Glossary to match the words and expressions below with their definitions.
- •What Is a Gold American Eagle?
- •12 Federal Reserve banks, each representing a section
- •Inability to control credit during the 1920s. (15)
- •5,100 Banks failed, some 4,000 in 1933 alone.
- •Industry. Today, Americans have a wide choice of financial
- •Institutions where they are offered a variety (30)
- •Words and Expressions
- •Insurance payment - страховой платеж
- •Installment loan - ссуда с оплатой в рассрочку
- •Interest rate - процентная ставка
- •Usually run from one to five years
- •4. As long as the company does well the profits will be very high.
- •7 Английский язык для экономистов
- •Bill gates and microsoft corporation
- •Essential Vocabulary
- •Information technology - информационные технологии
- •Exercises
- •5* Before you listen to Talk No 1 use Glossary to match the words and expressions below with their definitions.
- •Isaakson did not start at the top of (4) . She
- •In 1980 she founded a (6) research and con- sulting firm Future Computing.
- •In 1981 Isaakson learned of ibm's plans to market a new personal computer. In a published report she predicted that the ibm pc would have a dramatic effect on the
- •Instant success а. Приводить в восторг, очаро-
- •Honorary degree вывать
- •In 1976, he (2) a television station, wtbs,
- •Corporation
- •In 1929, Ford, General Motors and the newly formed Chrysler Corporation - known then and now as the Big Three - accounted for 80 percent of the market.
- •Words and Expressions
- •Chapter two
- •Chapter three
- •Chapter four
- •I mean: show cards, special display stands — where we can
- •Относительная стоимость
- •Подсчитывать прибыли и убытки
- •Налоговые поступления
- •Задача бухгалтерского учета
- •Накапливать состояние
- •Не поддаваться износу
- •Чеканить монеты
- •Стабильность ценности
- •Долговечность
- •Chapter ten
- •In 1963, she decided to form her own direct-sales cosmetics company. Mary Kay built a new corporate culture based on the education, participation, and authority of women. I
- •In 1966, she decided to rebuild her personal life. She married Mel Ash, a businessman whom she had met on a blind date.
- •In 1928, Walt Disney produced a mouse character Mickey Mouse which was an overnight success and changed animation forever. As Mickey's creator Disney became a celebrity.
- •In 1952, he came up with an idea to build an amusement park, that would be entertaining for adults as well as for children. 1
- •10 Английским ялы к для 'jkohovmctOn
- •11 Am минский язык для экономистов
- •Increase or decrease the quantity supplied, eminent domain: the right of governments to take private
- •Interview: a formal meeting in which someone asks you questions to find out if you are suitable for a job, course of study, etc.
- •Inventory: stock of goods held by a business.
- •Investment: placing of money so that it will increase in value or
- •Incomes regardless of size.
- •Vaults.
- •Income is divided by common stock equity, revenue tariff: tax on imports designed to raise money for the
- •Identify a product, service or company, trade-off: giving up one thing in order to obtain something
Corporation
John Davison Rockefeller, the head of Standard Oil, a multibil-lion-dollar enterprise, established an integrated system of production and distribution. His most lasting contribution lay in the systems of professional management that integrated the many aspects of his business. Rockefeller's extraordinary drive and legendary attention to detail led his company to early suc-ces. An understanding of the history of the Standard Oil Company is
essential to the understanding of the rise of the large corporation in the American economy. By 1913 Rockefeller amassed a fortune of $900 million and owned nearly all of the nation's oil industry.
John D. Rockefeller was born in 1839 on a small farm in upstate New York. In 1853, his father, William A. Rockefeller, an occasional farmer, small-time entrepreneur, moved from upstate New York to Cleveland with his deeply pious wife and five children. Rockefeller upon completing secondary school and a few business courses at Folsom's Commercial College, found work as a $4-a-week bookkeeper for a Cleveland dry goods merchant.
Obsessed with attaining professional and financial independence, John scrimped and borrowed for three years, until he had enough - $1,800 to set up shop in 1859 as a dry-goods trader. Rockefeller watched as Cleveland-area businessmen made quick fortunes in oil refining, and he too was caught up in the heady excitement.
Rockefeller was among the first to set up refineries in Cleveland in the mid~1860s, when the end of the Civil War signalled a period of unprecedented economic expansion,
Rockefeller brought in new interests, recapitalized his firm, and began to buy out the competition.
Unable to control the price of vital raw materials, Rockefeller decided that the best way to boost his profits was to raise production, so he borrowed money to open a second refinery, the Standard Works. Surveying the refining business in 1870, the 31-year-old Rockefeller began to think about expanding further. Despite the oil industry's chaos, Rockefeller had a clear vision of where it was going, and the key role his company could play in it. Following his instincts, he and his associates set out to combine all of Cleveland's refineries into a single firm in order to gain still greater leverage over railroads and crude oil producers. Capitalized at $1 million, Standard Oil eventually grew into a multibil-lion-dollar enterprise.
Once Standard Oil was established, Rockefeller approached weaker competitors with a simple proposition: join us or face the ravages of heightened competition. By 1870, when he formed the Standard Oil Company of Ohio, Rockefeller owned all of the refineries in his home base.
By the end of 1872, Standard had boosted its capacity sixfold and was refining 10,000 barrels a day. With 80 percent of Cleveland's refining industry under its roof, the company already stood as the nation's largest refining complex.
Standard Oil Company embodied the principle of a twentieth century factory - it facilitated a continuous flow of raw materials through various links in a production chain until it emerged as a finished consumer product.
In the 1890s, Rockefeller, though only in his fifties, essentially removed himself from the daily affairs of the Standard Oil Company. He devoted much of the rest of his life to charity. He endowed the University of Chicago in 1892, and set up a foundation that dispensed millions to educational and health efforts around the world. Rockefeller died in 1937 at the age of 97. He provided the basis for one of America's greatest philanthropic foundations and serving
the needs and desires of others, he improved to a great extent the quality of life for millions of people.
HENRY FORD AND THE "UNIVERSAL CAR
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Ford's "universal car" was the industrial success story of its age. Model T Ford cars pervaded American culture. The central role that the Model T had come to play in America's cultural, social and economic ] ife elevated Henry Ford into a full-fledged folk hero.
Henry Ford invented neither the automobile nor the assembly line, but recast each to dominate a new era. Indeed, no other individual in this century so completely transformed the nation's way of life. He
transformed the automobile itself from a luxury to a necessity.
"I'm going to democratize the automobile, I will build a motorcar for the great multitude," Henry Ford had said in 1909. "When I'm through, everybody will be able to afford one, and about everybody will have one." Such a notion was revolutionary. Ford set out to make the car a commodity.
Henry Ford was born in 1863 in Dearborn, Michigan, on the farm operated by his father, an Irishman, and his mother, who was from Dutch stock.
Ford devoted himself to making a working automobile. On weekends and most nights, he could be found in a shed in the back of the family home, building his car. So great was his obsession that the neighbors called him Crazy Henry. In 1903, he formed the Ford Motor Company in association with Alexander Maicomson and about a dozen other investors.
Prickly, brilliant, willfully eccentric, he relied more on instinct than business plans. With a few colleagues, he devoted two years to the design and planning of the Model T.
The car that finally emerged from Ford's secret design section at the factory was simple, sturdy, and versatile. That little car was doomed to excite the public imagination and change America forever. The car went to the first customers on October 1, 1908. In its first year, over ten thousand were sold, a new record for an automobile model. Between 1914 and 1916, the company's profits doubled from $30 million to $60 million.
On June 4, 1924, the ten millionth Model T Ford left the Highland Park factory, which would remain the main facility for T production.
On May 26,1927, the fifteen millionth Model T Ford rolled off the assembly line at Ford's factory in Highland Park, Michigan.