- •Vocabulary ……………………………………………………………. 57
- •Vocabulary
- •Types of businesses in the uk
- •Vocabulary
- •Incorporation
- •Vocabulary
- •Forms of businesses in the usa
- •Vocabulary
- •Takeovers and Mergers
- •Vocabulary
- •Company Structure
- •Directors and Managers
- •Vocabulary
- •Mts Systems Corporation
- •Philips
- •Motorola
- •The Philips Story
- •Robert Bosch gmbh
- •Procter & Gamble
- •Colgate-Palmolive Company
- •1. Aerated Bread Company
- •2. Apple Corps ltd
- •Mannesmann
Types of businesses in the uk
Most businesses in the United Kingdom operate in one of the following ways:
■ sole trader
■ partnership
■ limited liability company
■ branch of a foreign company.
The sole trader is the oldest form of business. There are many one-man owners, for example: a farmer, doctor, solicitor, estate agent, garage man, jobber, builder, hairdresser etc.
The partnership is a firm where there are a few partners. They are firms of solicitors, architects, auditors, management consultants etc. The names of all the partners of the firm are printed on the stationery of a partnership.
The most common type of company in the United Kingdom is the limited liability company. At the end of the name of such a company the word Ltd. is used. For example: Wilson and Son Ltd.
Many of such companies are joint-stock companies owned by shareholders.
Limited liability companies are divided into public and private ones. Only public companies may offer shares to the public at the stock exchange. The names of such companies end in p.l.c. which stands for public limited company. For instance: John and Michael p.l.c.
Private limited companies may not offer shares to the public. The names of such companies end simply in Ltd.
A branch of a foreign company is a part of a company incorporated outside Great Britain but acting under the law of the UK. Usually these companies act in the UK under their normal foreign names.
Types of business |
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Private sector |
Public sector |
Co-operative |
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Sole trader
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Partner-ship |
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Limited company |
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Nationalised industry |
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Consumer co-op |
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Producer co-op |
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Private limited company |
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Public limited company |
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Vocabulary
sole |
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единственный, исключительный |
* trade
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* 1) торговля 2) профессия (неквалифицированная) |
* to trade |
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торговать |
* trader |
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торговец |
* partner |
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партнер, пайщик |
* partnership |
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товарищество |
* liability |
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ответственность |
* limited liability |
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ограниченная ответст венность |
* limited liability company |
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компания с ограниченной ответственностью |
* branch |
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отделение |
* to own |
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владеть |
* owner |
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владелец |
solicitor |
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адвокат |
estate |
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1) недвижимое имущество 2) имение, поместье |
estate agent |
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агент по купле-продаже недвижимого имущества |
jobber |
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маклер, комиссионер |
to build |
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строить |
builder |
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строитель |
building |
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здание, сооружение |
hairdresser |
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парикмахер |
architect |
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архитектор |
architecture |
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архитектура |
* auditor |
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аудитор, ревизор |
management |
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управление, менеджмент |
stationery |
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канцелярские бланки |
joint |
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объединенный, совместный |
* stock |
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акция |
* joint-stock company |
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акционерная компания |
* share |
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доля, часть, акция |
* shareholder |
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держатель акций, акционер |
to divide |
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делить(ся), разделть(ся) |
* private |
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частный, личный |
exchange |
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биржа |
* stock exchange |
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фондовая биржа |
to exchange |
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обменивать(ся) |
to offer |
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предлагать |
public |
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публичный, государственный, общественный |
the public |
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публика, общественность |
* to incorporate |
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зарегистрировать как корпорацию |
Exercises
Задание 1. Translate into Russian:
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Задание 2. Answer the following questions:
1. What is the most common type of company in the UK?
2. Are all limited liability companies joint-stock companies?
3. To what sector of economy do all these companies and sole traders belong?
4. What two other sectors of economy does the figure show?
5. What can you say about the types of the following companies:
Fine Furniture Ltd.
General Foods p.l.c.
Задание 3. Complete the following sentences:
Very often farmers _____ work as sole traders.
It is quite common for solicitors _____ to form partnerships.
The names of all the partners of the firm _____.
At the end _____ Ltd is used.
At the end _____ plc is used.