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Exercises
1. Match the phrases with their meanings:
1.to balance the books
a) to join another
person to start or expand a
business
2.to be self-employed
b) when a business is forced to close because
it is unsuccessful.
3.to cold call
c) to earn money
4.cut
throat competition
d) to do research into what potential
customers would or wouldn’t buy
5.to do market research
e) to make a sales call to someone without
asking them for
permission first
6.to draw up a business plan
f) to work for yourself/to not work for
an employer
7. to drum up business
g) to not spend more money than you are
earning
8. to earn a living
h) to write a
plan for a new business
9.to go bust
i)to try to get customers
10. to go into business with
j) when one company lowers its prices,
forcing other companies to do the same,
sometimes
to a point where business
becomes unprofitable.
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2.Replace the highlighted words with the correct word from the box
credit demand for employees expenditure exports lending loss net
private recession retail shop floor state-owned industries
take on unskilled labourers white-collar
11.
We have a limited supply of computer base units.
12. Last year, our company made a huge
profit.
13. Our
gross profits are up by almost 150 per cent on last year.
14. Banks across the country are reporting a sharp drop in
borrowing.
15. The company will
debit your bank account with 420 pounds each month.
16. The
wholesale market has experienced a downturn since the recession began.
17. The government is encouraging short-term investors
to put their money into the public sector.
18.
Private enterprises are under a lot of financial pressure.
19.
Skilled workers are demanding a 15 per cent pay rise.
20.
If this continues, we will have to
lay off members of staff.
Essay
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