I. Read the text about table service. Fill in the gaps with appropriate words given below. Translate the text into Ukrainian Businesses are generally of three 1)…... Manufacturing businesses (or 2) ……………) are organized to process various materials into tangible goods, such as automobiles, delivery trucks, 3)………….., cereals or towels. Service businesses produce services such as insurance, car rentals, haircuts or lodging. And some firms - called 4)………….. - are organized to buy the goods produced by manufacturers and then 5)…………… them.
Business takes 6)…………. forms. The three major forms of business are: sole proprietorships, 7) and corporations.
Anyone who 8)……….. and operates a business is often considered to be an entrepreneur. Entrepreneurs and 9)……………. businesses owners are motivated by the possibility of earning profits. They also 10)…………. the risk of losing money if their businesses fail.
a. breakfast; b. manufacturers; c. partnerships; d. middlemen; e. small; f. accept; g. owns; h. different; i. resell; j. types.
II. Match the words with the definitions below.
Match the terms in column A with their definitions in column B:
A B
1. enterprise
2. competition
3. employment
4. business cycle
5. manufacturing
6. venture capitalist a) the business or industry of producing goods in large quantities in factories, using parts or raw materials;
b) a company or business; a business project, especially one that is difficult or involves taking risks; the activity of starting and developing businesses;
c) the usual pattern of a country’s economy over a period of time, with periods of success (growth) and periods of difficulty (recession) happening regularly one after another;
d) a private investor or a financial business that invests money in new companies, which may involve a lot of risk and bring good profits;
e) a situation in which people or organizations compete with each other for something that not everyone can have;
f) work, especially when it is done to earn money; the state of being employed; the situation in which people have work; the act of employing somebody;
III. Fill in the blanks with the prepositions in the phrases below.
1. to work … a network;
2. to report … the Director;
3. a system … communication;
4. the relationship … positions;
5. … an organization … any size;
6. to be … charge … a department;
7. to be a market leader … its niche;
8. to be run … the Board … Directors;
9. to be responsible … policy decisions;
10. people …the head … an organization;
11. … a typical case;
12. the organization’s size … terms … employees;
ІV. Give the definition of the terms:
Company, business park, enterprise, shareholder, competition
