Vocabulary Study

8. Study the following words and phrases:

barter	бартер
bilateral	двусторонний
commodity	товар, продукт, предмет потребления
customary spot	обычное место
decipher	расшифровывать
deposit	депонировать, сдать на хранение, вкладывать
distort	искажать
engage	заниматься, занимать
facility	объект, установка, средство, возможность
generic	общий
initial offering of stocks and bonds	первичное размещение акций и облигаций
Gross Domestic Product	валовой внутренний продукт
medium	посредник (зд.)
multilateral	многосторонний
mutual	взаимный
negotiate	вести переговоры
precious	драгоценный
quota	квота
retail	розничная торговля
stock exchange	фондовая биржа
subsequent trading	последующие торговые операции
tariff	тариф
tax	налог
utilize	использовать
wholesale	оптовая торговля
withdraw	выводить

Lexis

10. Decipher the following abbreviations:

B2B – B2C –

C2B – C2C –

11. Match the definitions:

a. B2B, b. B2C, c. C2B, d. C2C

1. Businesses selling to the general public typically through catalogs utilizing shopping cart software. By dollar volume, B2B takes the prize, however B2C is really what the average Joe has in mind with regards to ecommerce as a whole.

2. A consumer posts his project with a set budget online and within hours companies review the consumer’s requirements and bid on the project. The consumer reviews the bids and selects the company that will complete the project. Elance empowers consumers around the world by providing the meeting ground and platform for such transactions

3. There are many sites offering free classifieds, auctions, and forums where individuals can buy and sell thanks to online payment systems like PayPal where people can send and receive money online with ease. eBay’s auction service is a great example of where person-to-person transactions take place everyday since 1995.

4. Companies doing business with each other such as manufacturers selling to distributors and wholesalers selling to retailers. Pricing is based on quantity of order and is often negotiable.

12. Cross the odd word out:

1. negotiate, bargain, disagree, discuss, compromise

2. mutual, shared, common, detached, correlative, communal

3. falsify, beautify, distort, deform, misshape, pervert

4. code, decipher, explain, interpret, resolve

5. common, generic, exclusive, universal, wide, collective

13. Match the idiomatic expressions (1-5) with their meaning (a-e) and translation (i-v):

1. Jack of all trades is a master of none 2. stock in trade 3. to trade on something 4. to do a roaring trade 5. to horse trade

a. to use a fact or a situation to one's advantage b. to make a business agreement after hard negotiations c. If you are able to do a lot of things fairly well, you will not have time to learn to do one thing extremely well d. to sell a lot of goods quickly (usually in continuous tenses) e. goods, skills, etc., are necessary to undertake an activity of some kind

i. вести баснословно выгодную торговлю ii. ловко производить выгодный обмен iii. все необходимое для выполнения того или иного рода деятельности iv. извлекать выгоду v. за все браться – ничего не уметь