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@ 0|scussthesequest|ons.
Wcu|dycu ||ketcstartycucwnbus|ness:Why:}Whynct:
j Whatccnditicnsare impcrtantlcrpecp|estart|nnewbusinesses:Chccsethethree
mcstimpcrtantlrcmthis|ist.Canycuthinkclanycthers
|cwtaxes ccdtranspcrt|nks ski||edstall train|nccurses
|cwinterestrates * h|hunemp|cyment * cheaprents
astrcncurrency a hea|thyeccncmy cvernmentrants
astab|epc||t|ca|situat|cn easyaccesstccred|t
O
Manyeconom|esconta|nam|xoIpub||c andpr|vate-sectorbus| nesses.
Th| nkoIcompan|esyouknow| ntheareasbe|ow.Wh|charepub||c-sector
compan|es,andwh|charepr|vate-sectorones!
pcstclce ra||ways te|evisicn * water enery te|eccms
cars * banks newspapers a|r||nes rcads * m| n| n

Manycompan|es|nthedKhavebeenpr|vat|sed.Whatarethetrends|nyour
country!Ta|kaboutthebus|nesssectors|n Exerc|se8.
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Match theeconom|cterms(1-10)tothe|rdeI|n|tonsa-.
1 interestrate a) tcta|va|eclccdsandservicesprcduced
j exchanerate
inaccuntry
d inl|aticnrate
c) percentaeincreaseinprices
| accurlcce
c) ccst clccrrcwinmcney
taxincentives
d) priceatwhi chcnecurrencycan cuyancther
r cvernmentcureaucracy
e) percentaeclpecp|ewithcut|ccs
P(rcssdcmesticprcduct)
f) thenumcerclpecp|ewcrkin
d unemp|cymentrate
) cwtaxestcenccuraecusinessactivity
_ lcreininvestment
h) mcneylrcmcverseas
10 ca|ancecltrade
i) cllicia|ru|es}reu|aticns}paperwcrk
|) di llerencei nva| uecetweenaccuntry's
impcrtsandexpcrts
O
Trytocomp|eteth|seconom|cproI||ew|thout|ook|ngbackattheterms
|n Exerc|seA.
Theeccncmyisstacelc||cwinthe prccemsclthe pasttwcyears.3ylc||cwinatiht
mcnetarypc|icythecvernmenthasreducedthe

-I

t tc. |crccrrcwers,
altercinupdramatica||y, thei . . . . . . . . . . r . . . i sncwdcwntc.The|astsix
mcnthshaveseenas|ihtimprcvement|n thee . . . . . . r . . . . . . . . aainstthedc||ar.
crtheccuntryasawhc|ethe . . . . . . . ` hasrcwncy. 5.Cxpcrtsareincreasin
andthec. . . . . . . . . cl t. . . . . . . . . |sstartintccckmuchhea|th|er.
|n termsclccs,theu. . . . . . . . . . . . r . . . . . . . . . . . ccntinuestcceaprcc|em,asiti ssti|.
| ncrdertcstimuatetheeccncmyandattract. . . . . i . . . . . . . . . . lrcmacrcadthe
cvernmentiscllerinnew t . . . . . . . . . . i . . . . . . . . . , aswe|as mainarenewedellcrttc
reduce . . . . . . . . . . . c . . . andredtape.inay,a|areski||ed . . . . . . l . . . . .
meansthereccu|dceattractiveinvestmentcppcrtunitiescverthenext|iveyears.

: C02.1 ||stenandcheckyouranswersto Exerc|se8.


O
Th|nkaboutsomeoItheeconom|ctermsyou|ookedatabove|n re|at|onto
yourowncountry.Wh|chdoyouth| nkarego|ngup=go|ngdown=stay|ng
aboutthesame!A|socons|dertheIo||ow|ng:
* ccnsumerprices(thepricec|thinsi ntheshcps
* puc|icspendin(the mcneythecvernmentspends
ccnsumerspendin(themcneypecp|espend)
D
Whatdoyouth| nkaretheb|ggesteconom|cprob|ems|nyourcountryatthe
moment!Whatdoyouth| nkthegovernment'spr|or|t|esshou|dbe!Ta|ktoa
partneraboutyour|deas.
D
Wr|teashortparagraphabouttheeconom|cproI||eoIyourcountry.
X
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usanarratt
Au/ch /hc
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lhc 0v0k0M.

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41LZ.Z Abd|rashd0ua|e|stheCh|eIExecut|veDII|ceroI0ahabsh|||,
ag|oba|moneytransIercompany. ||stentotheI|rstpartoIthe|nterv|ew
andanswerthesequest|ons.
1 dcwmanyccuntriesdces theccmpanytranslermcneytc:
r 0ahacshii|he|pslcurtypesclpecp|ecrcrganisat|cns.Whatarethey:
O
4

LZ. ||stentothesecond partandcomp|etethesenotes.


A||successlu|newcusinesseshavetc:
6
havea. ~ . . + +

havea. . . + . + =

kncwhcwtheyaregcingtc+ + + + = + + . = + . thatvisicn

mctivatethei r. ~ . . + . . ~

keepthei rcustcmers. . . + . . . .
6
mainta|ntheir+ + + + + + = + + +

withthei rcustcmers
6
makesure thatthecustcmersarehappywiththeir+ + . + + + + + +
6
managethed| lleencecetweentheirinccmeand thei r~ + . . + .

4LZ.R 5usan8arratt,theCEDoINature'sWayFoods,ta|ksabouttheadv|ce
shewou|dg|vetoanyonestart|ngthe|rownbus|ness.||stenandcomp|ete
th|sextractIromtheaud|oscr|pt.
^ hcpetheyvegct|ctscl+ + = + + + = . .' ^ thi nk|tisdillicu|tanduitehard+ = + + + = + + + + + and
needsasigni|icantleve|clccmmitment.^ thi nkit'srea||y,rea||yimpcrtanttcmakesure
ycuunderstandthe= + + + + + + + = + + andwhcycurcustcmersaregcingtcce.Andhcwycu
dillereniateycurse|l,crmakeycurse|ldillerent,lrcmanyclycur. + + + + = + + + = i nthat
marketp|ace.
ecp|ewi||cnygctcycuandcuyycu . crycurserviceitheylee|itisadded
. . . . . 'cverandaccvewhattheycangete|sewhere,crscmethingtheyca'tget
e|sewhere.
Sc,crme,understandingthearketandthe+ . . .
'
isacsc|ute|ycritica|tcthe
successclthecusiness.Thectherkeythingisthatycu'vegctsullicient+ = . + + + + + + + +
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| ngroups,d|scussthesequest|ons.
1 What scrt cprcc|emsdcnewcusinesseslace:
4 Whatadv|cewcu|dycugivetcscmecnestartingthe| rcwn cusiness|nycurccuntry!
O
Wh|chnewbus|nesshas|mpressedyou most|nthe|asts|xyears!
Whyd|d |t|mpressyou!
Work|n pa|rs.5tudentA,readArt|c|eAontheoppos|tepage.5tudent8,
readArt|c|e 8.Make notes |nth|schart.
name clnewcusiness
namecllcunder
agecllcunder
ageclcusinessattimeclwritig
|ccaticnclnewcusinesscityandccuntry
numcerclempcyees
whatthenewcusinessis}dces
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Notedowntwoother|nterest|ngp| ecesoI| nIormat|onaboutyourart|c|e.

6|veyourpartneranora|summaryoIyourart|c|e,thentakenotesasyou
||stentoyourpartner'ssummary.
D
Work|n groupsoIthreeorIour.Th| nkaboutabus|nessyoucou|dstart
asagroup.Cons|derthesequest|ons.
1 WhatK|uC O cus|nesswcud|tce:
j Wh| chccutryandc|tywc|dycu||ketc|cateycu|newcus|ness| nT| nkclthe
lactcrsment|cned|H Sta|t|nup,Exerc|seA
5 Whatdcycua|readyhaveasarcup:Thi nkaccutsk|||s,expe||enceandccntacts.
Whatctherstrenthsdcycu have:Whataccutycuraps:
Whatd|lli|t|esdcycuth| nkyc may lace: dcwwi|ycu cverccmethem:
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T|mec|ausesprcvide|n|cmat|cnabcutact|cnsandeventsi nthepast,present
andluture.
1 We clten usewhen tcintcducet|mec|auses.
5he rememoers when she rs/ s/Jr/ed her ousness. pasttime)
when you ]ly rs/ c/Jss, you ge/ more /eg room. presentt|me)
when l'm n 6enevJ, l'// revew J// /he s/Jr/up cos/s. |utuet|me)
j We can a|scusewh/e, oe]ore, J]ei, un// and Js soon Js tcintrcduceti mec|auses.
He /ooked J/ our ousness p/Jn while we were wJ/ng.
Ke need /o hJve J so/d ousness p/Jn n p/Jce be]ore we /Junch our onlne ousness.
Aer we nsh /hs proec/, we'// /ook J/ new mJrke/s.
He wJ/ed until she nshed speJkng.
J Whenwe useatimec|ausetcta|kabcutthe luture,theverbintheti mec|ause
is| nthepresenttensecrthepresentper|ecttense.
Ke'// de/ver os soon os /hey poy /her /Js/ o//.
when wc've nisheJ /he repor/, we'// emJ/ / /o you.
@6rJmmJr re]erence pae5

Matchthesentenceha|vestomakeappropr|atesentences.
1 Ccu|dycucheckthedeparturet|me a unt|| themeetinhasnished.
j Assccnas|nterestratesr|se, b assccnasycuettcthec|ce.
J Weneedtcstay c) unti |we'vesavedencuhmcney.
7 heinance0| rectcrneedstcspeaktcycu d) whi|eycuaresti|wcrk|n.
Shewi|mcvetc|anklurt e) when theccnditicnsareriht.
Wewcn'tcpencur newclce |) when she|indsa ccd cb.
thi nkycushcu|dsavescmemcney ) be|crewe|eave|crthea|rpcrt.
r We can setup |n thatccuntry h) theeccncmyw| | | s|cwdcwn.
O
Comp|etethesesentencesw|thwhen, whe, bejore, oet, un!h oros soon os.
Morethanoneanswermay beposs|b|e| neachcase.
1 Wewcn'tbuyanythinnew. . . . . . . we'vepaidclla| | curdebts.
j hey||startthemeetin. . . . . . . . . . . . the manaerarrives.
J waslinishnthe repcrt. . . . . . . . . . . . mybcss wentcutwithc||ents.
7 t'surent,sc| | | phcneycu . . . . . ^ ethcme.
Canycu checkthe |iures. . . . . . . . . . . . ycuchcme:

8|rg|t5che|der|swr|t|ngtoherprev|ousboss,asuccessIu|Amer|can
bus|nesswoman.Readherquest|onsaboutstart|nganewbus|nessand
choosethemostappropr|ateopt|on| neachcase.
^ rememberoe]ore } Js soon Js } when '^ l|rstthcuht abcutquittinmycbandycu
advisedmetcainscmeepeienceJs soon Js } wh/e } oe]ore startedanewbusiness.
^ needtcearnscmeprclitun// } Js soon Js } oe]ore pcss|b|e,as^ dcnthavemuchspare
cash.rdc^ havetcacceptthatwcn'thavemuch mcneyJs soon Js } un// } wh/e m
statinupmynewbusiness:0c^ needtchavescmesavinswhen } wh/e } Js soon Js
^ etmynewbusinesscl|thercund:m|ustnctsurehcw|surviveJs soon Js } when }
un/l

myccmpanystartsearninmcney.
P|easeadv|se me oe]ore } Js soon Js } wh/e ycucan.

4C2.5 ||stenandcheckyouranswerstoExerc|seC.
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) C02.6 5aythesenumbers.L|stenandcheckaItereachgroup.
1 a) 362 b) 1,841 c) 36,503 d) 684,321 e) 4,53/,25
r a) 3. 5 b) 2.8 c) .8/5
J a)

b) } )

'
d)
e)

}
a) 15% b) 50% c) /% d) 100%
b a) 80 b) $5,800 c) t150,000 d) t20,000
O
Trytoanswerthesequest|ons.
1 Whatisthe pcpu|aticnc|ycura)ccuntry!b)city
r dcwmanypecp|ewcrk|crycurccmpany}studyatycurinstitut|cn:
J Whatisthe averae sa|ary| ycurccuntry
Whatisthecurrentinl|aticnrate
b Apprcximate|yhcwmanypecp|eare unemp|cyed:
What|sthe interestate|crsav|ns
What|racticnc|theirinccmedcycu thi nkpecp|espendcn |ivinccsts!
d Whatpercentaeclycurinccmedcycuspendcntranspcrt!

4C02.I-2.J0 ||stentoIourextractsIromarad|obus|ness-newsprogramme.
dnder||nethenumbersyouhear.
1 a) nllaticnrate: 2.0% } 1.2 %
b) dnemp|cyment. 1 ,258,000 } 1,800,000
2 a) Prcl|ts |ncrease. $1.8 bi | | i cn}$1. 8 m| | l cn
b) Sa|esincrease 80% } 18%
J a) cbcsses }

}
ST
T Wcrklcrcereduct|cn: 1 3,000 } 3,000
a) nterestratereducticn. 0.5% } 1. 5%
b) Eccncmicrcwth. 2.8% }1. 8%

Work| npa|rs.YouworkIoramarket|ngdepartment,wh|ch|s|aunch|ng
anewrangeoImob||ephones|nanoverseasmarket.Youaregather|ng
stat|st|ca|| nIormat|on.
StudentATurntcpae135. Student3 Turntcpae140.
1 Askeachctherquest|cnstcccmp|eteycurcharts.
2 0iscussw|chare the bestarketstc|aunchthenewraneclphcnesi .
88|1|5b AN0 AM8|CAN N6||5b
0| ||8NC5
P8CN1A65
65% sixty||vepercent
12 ninehundredandtwe|vemi | | i cn,
/5/ sevenhundredand|i|tyseven
tcusand,
320 threehundredandtwenty3rE)
threehundredtwentyAE)
0 ncuhtch3rE) } erc A)
C088NC|5
3,000,000 threemi|| i cnpcunds
t16,000 sixteenthcusandeurcs
250 twchundredand||lty
|8AC1|0N5
`f l|vesevenths
} a ha| l

}: twc||ths
a quarter
0C|MA|5
1. 25 cnepci nttwc||ve
0./54 ncuhtpcintseven ve|currE)
ercpcintseven|ivelcurAmE)
pci ntsevenlive lcur3rE} Am)
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rac|ngb|cyc|eslcrprcless|ca|cyc||sts.
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c|cyc|elcrch||dren,wh| chhasreatsa|es
pctent|a|.
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andScthCastAs|ascthat|tceccmesacca|
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apprc|matey,000wckers,whcw||prcducethe
|rames|crthecyces|cca||y.0therccmpcnents,such
assadd|es,ears,cha|ns,tyres,etc.,w|||ce|mpcrted.
Wcrersw||cerecru|ted|cca||yandtra|ned|l
necessary,ataspec|a|schcc|setup|crthatpurpcse.
Theccmpany|sccns|der|nlcuccunt|esasa
|ccat|cn|crthe |actcry.There|sscme|n|crmat|cn
accuteachccuntrycnpae. heyareccde
namedA,3 Cand0.
5a|esrevenueof cyc|emode|sasapercentage
ofturnover
|astyea
rcab|cyc|es
tcur|ngb|cyc|es
rac|ngbicyc|es
cunta|nb|cyc|es
Prev|cusyear
rcadb|cyc|es J
tcr|ngb|cyc|es
racngb|cyces
mcnta|nb|cyc|es
Youaemembersofthep|ann|ngcomm|tteewh|chmustchcosea|ocat|onforthe newfactcy.
Work|n pa|rs.0|scusstheadvantages andd|sadvantagesofeach|ocat|on.
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