Unit 6. Forms of business organisation

TEXT A: Forms of business organisation TEXT B: Nonprofit organisations TEXT C: Franchising BUSINESS COMMUNICATION: At the hotel GRAMMAR: Nouns. Articles.

Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage.

Niccolo Machiavelli (1469-1527),

Italian writer and statesman

Lead-in

1. What do you think “an entrepreneurial person” means? Are you entrepreneurial by nature? Can you make decisions? How organised are you? Are you self-motivated?

2. Have you ever thought of launching your own business? If yes, why do you think it is more preferable to be “your own boss” than to be directed and managed by somebody else?

3. What are the arguments for the work in a company? Would you prefer to work for a big or small company? Why? What are the advantages of each?

PRE-TEXT EXERCISES

1. Reading drills

Ex.1. Read the following words with letter u.

[ʌ] fund, function, suffer, structure, number, production, vulnerable

[ju:] use, numerous, assume, dispute, future, unique, pursue, contribute

[u:] junior, true, rule, rude, prudence

[u] full, pull, push, fulfil, fulfilment

[juə] security, contractual, individual, during

[ə] difficult, successful, circumstance, upon

[i] business, businessman, busy

Ex.2. Read the words with the following letter combinations.

qu [kw] quickly, require, quantity, quality, quarter

igh [ai] light, bright, sight, high, sigh, might, fight

ous [əs] numerous, dangerous, famous, glamorous, obvious

Ex.3. Read the words in the groups below. Pay attention to the word stress.

1. Words with the stress on the first syllable:

numerous, profit, asset, vision, partnership, income, flexible, generate, personal, legal, crisis, argument, favour, process (n,v – обробка, обробляти), corporate, ordinary, management, separate, government, charter, dividend;

2. Words with the stress on the second syllable:

particular, security, potential, achievement, fulfilment, process (v – рухатися у процесії), control, proprietor, requirement, advantage, majority, complete, distinct, receive, dissolve, desire, adaptable, assume, distinguish, incentive;

3. Polysyllabic words with the main and secondary stress:

entrepreneur, opportunity, liability, corporation, disadvantage, responsibility, disagreement.

Ex.4. Practise reading the following words.

Entrepreneurship, independence, liability, vulnerability, proprietorship, decision, restructure, high-calibre, opportunity, distinguish, corporate, bankruptcy, withdrawal, unique, weighty, weightiest, obviously, shareholders, circumstance, pursue.

2. Word formation

Ex.5. Using the following endings, change each of the following words into a verb.

Model: soft +-en → soften; motive + -ate → motivate; memory + -ize → memorize; note + -ify → notify.

Short, final, dark, intense, industrial, different, person, sweet, just.

Ex.6. Make up adjectives from the following nouns as in the model.

Model: noun + - ful/-ous = adjective

e.g. success → successful; danger → dangerous

Care, doubt, duty, event, harm, help, hope, law, peace, power, purpose, skill, thought, truth, use;

advantage, fame, humour, industry, labour, luxury, mystery, religion.

Ex.7. What does prefix co- mean in the following words? Translate them into Ukrainian.

Co-worker, co-owner, co-author, co-operative, cooperation, coexistence, coordination.