- •Part III text 1.Types and forms of business organization
- •Why are companies referred to as ltd., inc., gmbh, or s.A.?
- •Text 2. Recruitment
- •Finance Analyst
- •Text 3. Job specification
- •Text 4. People in organization
- •Insert the correct verb.
- •Text 5. Behaviour patterns
- •Text 6. Dismissal procedure
- •Text 7. Meetings
- •Text 8. Types of international business
- •Text 9. Advertising
- •Text 10. Advertising as a career in the usa
- •Text 11. Consumer rights
- •Text 12. History of accounting
- •Text 13. Careers in finance
- •Text 14. Marketig evolution of marketig
- •Text 15. Management management: art or science?
- •Text 16. Franchising
- •Part IV text 1. History of economics
- •Text 2. The economic system
- •Text 3. Money
- •English money.
- •Text 4. The functions of money
- •Text 5. The role of banks in theory
- •Text 6. Central bank
- •Text 7. Finance
- •Text 8. Gr. Britain economy. How it all started
- •Text 9. Made in britain
- •Text 10. The city of london: its past and present
- •Text 11. American economy
- •Say what the text is about. Comment on the content of the text (orally).
- •Present the general idea of the text in five-six sentences. Do it in written form. Text 12. Made in the usa: from coffee to wheels for all mankind
- •Say what the text is about. Comment on the content of the text (orally).
- •Present the general idea of the text in five-six sentences. Do it in written form. Text 13. Macro environment
- •Text 14. The small business
- •Text 15. Adventages and disadventages of running a small firm
- •Text 16. Corporate alliances and acquisitions
- •In both these examples a modal verb is used to express mild obligation or advice. What do the following verbs express?
- •Рекомендуемая литература
Say what the text is about. Comment on the content of the text (orally).
Present the general idea of the text in five-six sentences. Do it in written form. Text 12. Made in the usa: from coffee to wheels for all mankind
In 1873, when Joel Owsley Cheek reached the age of twenty-one, his father gave him the traditional silver dollar. This represented his freedom to go out into the world to seek his fame and fortune.
Joel left the family farm in Kentucky and joined a firm of wholesale grocers as a travelling salesman, going from village to village. However, it was the coffee that held a special fascination for him and in his spare hours he experimented, selecting different beans, varying their proportions and roasting times — creating new blends.
He spent most of his time searching for the elusive «perfect blend» of coffee. In 1882, he felt that he had found it. Now he wanted to let the world know, but how could he do this?
Joel knew that the Maxwell House Hotel in Nashville was where the president, senators, diplomats, and leading Europeans met and stayed. Could he persuade the management to let him demonstrate «his» blend there? He was sure this would be the best way of testing his judgement. The hotel did co-operate and within weeks distinguished visitors were enjoying his coffee and singing its praises. Many years later, when President Theodore Roosevelt visited the hotel, he was heard to say of the coffee, «It is good to the last drop».
Unfortunately, in 1961, the Maxwell House Hotel caught fire and was destroyed. Few people may know of Joel Cheek, but around the world people drink his blend of coffee, Maxwell House, thus commemorating the inventor and the hotel where the coffee first found fame.
In many ways the tale of Henry Ford and the product associated with his name is a microcosm of American economic history — a story of trial and error, of innovation and ultimate success. A farmer with a penchant for things mechanical, the young Ford quit school at 17, began building small steam engines, and drove his first bicycle-wheeled, engine-driven device in 1896.
It was a primitive affair, much simpler than cars already on the roads in Europe, and it was not until 1901 that the stubborn tinker, after several false starts, got enough financial support to start the Henry Ford Automobile Company. Financial disputes arose and Ford left. Two years later, with new backers, he established the Ford Motor Company. (When in 1919 Ford bought all outstanding shares original investors reaped heavy rewards; a share that cost $100 was then worth $260,000.)
Ford was convinced that he could produce a good car at a reasonable price, and on October 1, 1908, he realized his dream with the unveiling of the Ford Model T. This was a straightforward, sturdy machine made of the best metals young Henry could obtain and propelled by a single 4-cylinder, 22-horsepower, 167-cubic-inch engine. As early as 1913, his company was able to produce an astonishing 1,000 7s per day.
The T was an instant success and within months was outselling other American cars combined. What is more, Ford promised to reduce the 7"s price. From $850 in 1909, the price dropped steadily to $260 for some models by 1924. By then, however, other manufacturers' inexpensive cars with better methods of changing gears and more speed were outperforming the T on America's improved roads.
Recognizing this, Ford and his engineers went to work, and in late 1927 they were ready with the company's second breakthrough — the Model A. The car caught America's imagination, and like its predecessor, the Model T, was an instant success. There was nothing revolutionary about the engine, but the car's classic good looks and sturdiness endeared it to millions. Some 4.5 million Model A's were built in five years, and even the most expensive version sold for under $600. Today the Model A Restorers Club has thousands of members, who proudly drive their prizes.
But times were changing. The Detroit manufacturers realized that the mass market was not only growing but would buy a wide variety of cars. This trend was encouraged by General Motors, which began to make annual model changes, supported by intensive advertising campaigns. The Detroit design syndrome was soon established. Each year the new models had to be sufficiently different from the ones before, to set them clearly apart (so that one's neighbours would be sure to know that a car was new); yet it could not be so drastically changed as to put it out of character with previous models.
Today the Big Three — General Motors, Ford, and Chrysler — manufacture many different products. But the automotive industry owes an enduring debt to a mechanical genius named Henry Ford, the man who first put Americans oh wheels.
Notes and Commentary
Kentucky — Кентуки, название одного из штатов США
Nashville — Нэшвил, небольшой город в США
Detroit — Детройт, один из центров автомобилестроения в США
General Motors, Chrysler — Дженерал Моторс, Крайслер, две крупнейшие автомобилестроительные компании, которые совместно с компанией Форд образуют так называемую «Большую Тройку»
EXERCISES
Exercise 1. Answer the questions.
When Joel Owsley Cheek's father gave him the traditional silver dollar, what did it represent?
Why did Joel want to demonstrate his blend of coffee in the Maxwell House Hotel in Nashville?
Why is Henry Ford's life considered to be a microcosm of American economic history?
What was so special about Ford's cars?
Why does the automotive industry owe an enduring debt to a mechanical genius named Henry Ford?
Exercise 2. Match the English words with their Russian equivalents.
silver (n) A. оптовый
wholesale (n) B. привилегированные акции
wholesale (a) C. рекламная кампания
4. wholesale (v) D. прорыв (зд. новая исключительная модель машины)
outstanding shares E. оптовая продажа, продажа оптом
breakthrough (n) F. серебро
advertising campaign G. продавать оптом
Exercise 3. Find the Russian equivalents of the following.
A microcosm of American economic history; to reap heavy rewards; to put the new model out of character with previous models; to test one's judgment; to join a firm of wholesale grocers; to put Americans on wheels; to search for the elusive «perfect blend» of coffee; annual model changes; a primitive affair; to commemorate the inventor; to set the models clearly apart; to be an instant success.
Exercise 4. Find the English equivalents of the following.
Классический внешний вид; финансовая поддержка; искать славу и богатство; радикально измениться; переключать скорости; основать компанию; коммивояжер; создавать новые сорта кофе; знаменитые посетители; продаваться лучше других машин вместе взятых.
Exercise 5. Translate in written Paragraphs 6 and 7 of the text beginning
with the words «In many ways...» and ending with the words «...was then
worth $260,000». When translating, please keep in mind the norms of the
Russian language.
Exercise 6. Fill in the correct word or phrase from the list below. Use the words or phrases only once.
To seek; dream; debt; fire; travelling; success; to catch; to persuade.
1) … someone's imagination
2) to owe an enduring …
3) … his fame and fortune
4) a … salesman
5) to catch …
6) to realize one's …
7) … the management
8) a story of innovation and ultimate …
Exercise 7. Fill in the correct preposition.
…a reasonable price
to be good … the last drop
a penchant … mechanical things
to search …the perfect blend of coffee
to hold a special fascination …someone
the price … some models
to sell a model … under $600
nothing revolutionary … the engine
to drop … $260
10.to be ready … something
Exercise 8. Say whether these sentences are true or false and explain why.
Rewrite false statements to make them true.
Ford was not sure if he would produce a good car at a reasonable price.
Americans liked the Model A at once.
No one knows the blend of coffee called Maxwell House.
The car manufacturers were in the habit of producing new models every year.
Original investors did not get extra money when in 1919 Ford bought all outstanding shares.
Exercise 9. Look through the text again and write down words and word
combinations appropriate to describe:
how Joel Owsley Cheek let the world know that he had found a new blend of coffee;
the «Detroit design syndrome».
Exercise 10. From the text, select those facts and ideas concerning Joel Owsley Cheek's fascination for coffee (in written form).
Exercise 11.