What is E-business?
Task 2. Read and retell the text.
Suppose you decide that you want to invest some of your money in stocks.
How do you go about buying them? Most people first
seek out the services of a
stockbroker, a dealer who specializes in stock transactions. Stockbrokers will advise
you on which stocks to buy and when to buy them. Stockbrokers will
also process
your order, charging you a certain percentage of the order as a fee. Stockbrokers will
also help you sell your stocks, again for a fee.
Stockbrokers usually buy and sell stocks through a trading market known as a stock
exchange. There are several hundred stock exchanges in the United States. Of these,
the best known are the New York Stock Exchange (NYSE) and the American Stock
Exchange (AMEX), both of which are located in New York. Other cities such as
Chicago and San Francisco also have stock exchanges.
Stock exchanges provide a
central place in which both buyers and sellers of stock can meet. Brokers who are
members exchange carry out the orders of their customers.
This means that many
different brokers are carrying out many different orders. The final buying or selling
prices are arrived at as a result of an auction.
Some investors feel that they are sufficiently knowledgeable to decide on their own
which securities to buy or sell. Rather than pay full
fees for such services as
consultations and research, they take advantage of the brokerage services offered by
many banks. Generally, bank brokerage services allow
the investor to save on
brokerage commissions since they do not provide advice about which stock to buy.
Task 3.Give your idea on the topic: “Corporate strategy”