Task 4. Writing: describe and characterize each stage in written form.
A business cycle has four major stages:
Depression, recovery, prosperity, recession.
Task 5. Presentation
Make a presentation (8-12 slides) on the topic: Production
SELF STUDY 4
Task 1. Vocabulary
Exercise 1. Match the expressions (1-5) to the functions (a-e).
1 If you order more, we'll give you a discount. a) Refusing an offer
2 What exactly do you mean? b) Playing for time
3 I'd like to think about it. c) Making offers and concessions
4 I'm not sure about that. d) Closing the deal
5 Right, I think we've covered everything. e) Checking understanding
Exercise 2. Match the sentence halves.
1 If they didn't offer such good terms, a) we'll have to cancel it.
2 If you ordered a larger quantity, b) the consignment will reach us in time.
3 If we offer them a 10% discount, c) we can start production as scheduled.
4 If you don't confirm your order soon, d) we wouldn't do business with them.
5 As long as we get the parts in May, e) we could negotiate a better price.
6 Provided that it is sent by air, f) they say they'll place an order today.
Task 2. Reading
Banks of Great Britain
The biggest banks of the United Kingdom are the Bank of England, Lloyds' Bank, Midland Bank, Barclays Bank, and the National Westminster Bank.
The Bank of England is the state or national bank, which controls the British banking system. Like any other national bank it issues banknotes and mints coins.
The other four banks are commercial banks. Very often they are called "the Big Four". The National Westminster Bank is often referred to as "NatWest".
Moscow Narodny Bank Ltd. is incorporated as a British registered company. It specializes in the finance of East - West trade. Their close working relationship with banks in East European countries and in the West enables them to provide a unique service in this field.
The first bankers in Britain were Italians who came to do business in the City of London a few centuries ago. They came from Lombardy, a region in Northern Italy where there was a group of independent cities. This group was called the Lombard League.
The Lombards settled down in the part of the City of London which was later called after those Italians, Lombard Street.
The Lombards did not stay in London long. After a century or so they left London because they were made bankrupt. It happened mostly because they loaned money to kings who did not repay the loans.
So the Lombards left, but their name is still alive in London. Lombard Street is still the centre of British banking. This is the street where the head offices of the biggest English and foreign banks are located.
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