SPEAKING. XIII. Practise talking about

XIII. Practise talking about

a) You decided to get into business. Choose the trend of business (manufacture, trade, service) and explain why.

b) Tell about benefits and difficulties in business.

c) Tell about the role of small business in economy.

d) Tell about characteristic features of small business enterprise.

e) How to make choice between starting up a new business and buyng an existing one.

SECTION 2. DIFFERENT TYPES OF BUSINESS: SOLE PROPRIETORSHIP AND PARTNERSHIP

KEY VOCABULARY

I. Read and remember the pronunciation the following words

enterprise [`entә'praɪz]

responsible [rIs'pɔnsәbl]

alternatively [әl't ә:nәtɪvlɪ]

numerous ['nju:mәres]

efficiency [e'fɪʃɪәnsɪ]

ownership ['әunәʃɪp]

incentive [In'sentɪv]

disadvantage [dɪsәd'va:ntɪʤ]

liability [laɪә'bɪlɪtɪ]

possession [pә'zeʃn]

involvement [ɪn'vɔlvmәnt]

since [sɪns]

entrepreneur [әntrәpre'nә:]

resources [rɪ'sɔ:sɪz]

security [sә'kjurɪtɪ]

prevalent ['pri:vәlәnt]

retailing [rɪ'teɪlɪɳ]

debt [det]

II. Read and translate the following groups of words

sole proprietor, joint stock company, cooperative society, public corporation, one-person business, decision-taker, extremely flexible, easy adjustment, market conditions, repair and maintenance work, personal services.