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  • What is business?

    Business is a word which is commonly used in many different languages. But exactly what does it mean? The concepts and activities of business have increased in modern times. Traditionally, business simply meant exchange or trade for things people wanted or needed. Today it has a more technical definition. One definition of business is the production, distribution, and sale of goods and services
    for profit. To examine this definition, we will look at its various parts.
    First, production is the creation of services or the changing of materials into products. One example is the conversion of iron ore into metal car parts. Next these products need to be moved from the factory to the marketplace. This is known as distribution. A car might be moved from factory in Detroit to a car dealership in Miami.
    Third is the sale of goods and services. Sale is the exchange of a product or service for money. A car is sold to someone in exchange for money. Goods are products which people either need or want, for example, cars can be classified as goods. Services, on the other hand, are activities which a person or group performs for another person or organization. For instance, an auto mechanic performs a service when he repairs a car. A doctor also performs a service by taking care of people when they are sick.
    Business, then, is a combination of all these activities: production, distribution, and sale. However, there is one other important factor. This factor is the creation of profit or economic surplus. A major goal in the functioning of an American business company is making a profit. Profit is the money that remains after all the expenses are paid. Creating an economic surplus or profit is, therefore, a primary goal of business activity.
    1. Является ли утверждение «Today, the word “business” means the exchange or trade for things people wanted or needed »
    а) ложным
    б) истинным
    в) в тексте нет информации
    2. Является ли утверждение «Profit is the most important factor in the process of business making »
    а) ложным
    б) истинным
    в) в тексте нет информации

    3. Найдите английские эквиваленты:, торговля, распространение, предоставлять услугу, обмен, главная цель, превращение/изменение, избыток/излишек, продажа, товар , увеличиться.

    4. Ответьте на вопросы:
    a) What does the word “business” mean?
    b) Business is a combination of production, distribution, and sale, isn’t it?
    c) What is the main goal of business activity?

    5. Сформулируйте главную мысль текста.

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