iMadrassa

Defining Business

I DEFINING BUSINESS
1 Read and Observe:

A Read the text and pay attention to the words in bold type.

Trade is the buying and selling of goods and services. The products that are  exchanged are things that people grow or make, like food to eat, machines to work with or clothes to wear.  Services are things that people do for others, like working in bank, caring for old people or teaching pupils. People who purchase articles are   customers and those who provide them are businessmen whether they are the producers or sellers of these articles.

2 Learn
A trade(noun)
(uncountable) Trade is the buying and selling of goods.
Trade between Canada and the US is at its highest level in years.
(countable) A trade is the act of trading. 
I think I made a good trade.

When two people trade, one gives something to the other and the other gives something to the first one. They make an exchange. Sometimes money is one of the things.

country trades with many European countries.
“Trade” can be a nounor a verb
B goods(noun)
products that are made or grown in order to be sold /commodities/ merchandise / 
The store sells a variety of goods.
“Goods” is always in the plural form .It is never used in the singular form
C services (noun)
work done by a company or a person that does not involve producing goods and for which you pay like telecommunication, transport, tourism…etc
  1. the consumption of goods and services has augmented recently.
  2. the local job markets offers more jobs for services than production sector.
D purchase (noun/verb).
  1. to buy / to get (something) by paying money for it 
  2.  an act of buying something
  1. He purchaseda new suit for a hundred dollars.

  2. The purchase of the house was costly for our family

What we can buy and sell is not only goods (merchandise) because we can buy or sell efforts that are made to facilitate our life like health services, housing, media services and others. 

II E-BUSINESS
1 A/Observe:
2 Read the text carefully and pay special attention to the words in bold type

E-business (electronic business) is the conduct of business processes on the Internet. These electronic business processes include buying and selling products, supplies and services; servicing customers; processing payments; managing production control; collaborating with business partners; sharing information; running automated employee services; recruitingand more.

A Learn :
business

(uncountable) the activity of making, buying, or selling goods or providing services in exchange for money 

The store will be open for business next week.

[count] : an organization (such as a store, company, or factory) that makes, buys, or sells goods or provides services in exchange for money 

He has the skills necessary to run a business

customer

someone who buys goods or services from a business also called: client, buyer, or purchaser

Remember, thecustomeris always right
Supplies (noun)

 (noun- plural)   supplies [plural] : things (such as food, equipment, fuel, etc.) that are needed for a particular purpose and that will be used by a particular person or group 

a store that sells officesupplies.

The word supply can be a noun or a verb which means to provide or give something such as in :He supplies his own food.

service (verb)

to provide (someone) with something that is needed or wanted 

The bookstore services people looking for ancient books.
manage (verb)
  1. to have control of something such as a business/ administer/
  2. to take care of and make decisions about (someone's time, money, etc.) 
  1. The company is badly managed
  2. He manages his own finances.

Many words in English can have many meanings; therefore, you must pay attention to the sentence or text in which it is placed so that you can guess which of the word’s meanings is used in the text.

III banks and banking
1 Observe
Read the text carefully and pay special attention to the words in bold type

A bank is a company that works with the money that people give. If you give your money to a bank, it not only protects it but pays you interest so that it can work with the money.  People who need money for certain things like buying a house or starting a business ,need a lot of money quickly. The money they borrow from a bank is called a loan.  Modern banks offer their customers many other services as well. With a check account you can pay your bills.Credit cards are given to customers as a cash-free way of buying things. Almost all banks have automatic teller machines (ATM) at which customers receive money from their account.

Banks collect extra money called banking fees with which they pay interest to savers as well as salaries for their workers.  Banks provide their customers with a number of services. Today, more and more people use theInternet, also a banking service, to pay their bills. 

2 Learn
bank (noun)
  1. (count) A building where you can keep and borrow money.
  2. (count) A safe place to store important things. 
bank (noun)
  1. (count) A building where you can keep and borrow money.
  2. (count) A safe place to store important things. 

I have to stop at the bank to deposit my check and get money for tonight.

The word Bank has a homonym whose meaning is the dry sides of a river.

loan(noun)

A loan is money that you borrow and pay back later. Usually, you take a loan from a bank. 

I'd like to take out a loanfor $5,000.

check / cheque(noun)

a piece of paper that is used to make a payment to someone using the money in a bank account

You can pay in cash or checks.

interest(noun)

When someone borrows money, they have to give back more money than they borrowed. The extra money they have to pay is called interest

The bank gives me two percent interest per year on the money in my account.

investment (noun)

Investment is the use of money, time, or effort to make a profit from a project.

Since 1961, Singapore has attracted many foreign investmentsto develop its economy.

bill (noun)

A bill is a piece of paper telling you what other people have done for you and how much you owe them. 

The waitress hasbrought us the "bill" at the end of the meal. 

credit card

A small plastic card that is used to buy things that you agree to pay for later.

customers can pay their purchases with credit cards

fee(noun)

A fee is the money you pay for some kinds of services , such as legal advice ,education , or club membership

School fees have increased again this year.

  • إختبارات
  • 10
  • الأجوبة الصحيحة
  • False
  • الأجوبة الخاطئة
  • False
  • مجموع النقاط
  • False

المراتب الخمس الأولى في Quiz

  • Fatiha Boudoukha
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