Exercise 3. Match the American English words with their British English equivalents

Exercise 2. Match the word with its definition. Sometimes there can be more then one definition for a word or more then one word for a definition.

Exercise 1. Write down the questions for these answers.

1.Merchandise exports are goods sent out of a country.

2.Exporting of goods is the major sources of interna­tional revenue for most countries.

3.Importing and/or exporting is usually the first type of foreign operations in which a firm gets involved, because these operations usually take the least risk.

4.Exporting and importing usually continue when a company adopts other interna­tional business forms.

5.International business comprises not only tourism, but many other different types of services.

6.Earnings from foreign travel are an important source of revenue for interna­tional airlines, shipping companies, reservations agencies, and hotels.

7.Greece and Norway depend heavily on revenue collected from carrying foreign cargo on their ships.

8.The Bahamas earns less from export­ing merchandise than it earns from foreign tourists.

9.Royalties are the payment for use of assets from abroad.

10. Franchising is a way of doing business in which one party sells an independent party the use of a trademark.

11. After success­fully building exports to a market, firms often move to franchising.

12. Direct investment takes place when control fol­lows the investment.

13.A joint venture is a company where two or more organizations share in the ownership of a direct investment.

Business, Businessman, Businesswoman, Business cycle, Organization, Organizer.

1. the person who makes all the arrangements for something and makes sure that it happens as planned.

2. a large group of people that has particular aims.

3. work relating to the production, buying, and selling of goods and services.

4. process by which investment, output, and employment in an economy
tend to fluctuate up and down in a regular pattern causing boom and
depression, with recession and recovery as intermediate stages.

5. a company which produces and sells goods, or which provides a service.

6. a person engaged in trade or commerce.

7. important matters that you have to discuss or deal with.

American

1. subway

2. cab

3. apartment

4. corporation

5. downtown

6. highway

7. attorney

8. baggage

9. soccer

10. railroad

11. round-trip ticket

12. salesman

13. ticket-office

14. one-way ticket

15. fall

16. gas

17. schedule

British

A. return ticket

B. shop assistant

C. company

D. autumn

E. petrol

F. city centre

G. underground

H. time-table

I. luggage

J. taxi

K. football

L. railway

M. motorway

N. lawyer

O. flat

P. single ticket

Q. booking office

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