Business Vocabulary in Use eT eKxet TLBusiness Vocabulary in Use STM AACeKxe TL 5] CAMBRIDGE ay UNIVERSITY PRESSPUBLISHED BY THE PRESS SYNDICATE OF THE UNIVERSITY OF CAMBRIDGE ‘The Pitt Building, Trumpington Street, Cambridge, United Kingdom CAMBRIDGE UNIVERSITY PRESS ‘The Edinburgh Building, Cambridge CB2 2RU, UK 40 West 20th Street, New York, NY 10011-4211, USA 477 Williamstown Road, Port Melbourne, VIC 3207, Australia Ruiz de Alarcon 13, 28014 Madrid, Spain Dock House, The Waterfront, Cape Town 8001, South Africa [Link], © Cambridge University Press 2002 This book is in copyright. Subject to statutory exception and to the provisions of relevant collective licensing agreements, no reproduction of any part may take place without the written permission of Cambridge University Press. First published 2002 Second printing 2002 Third printing 2002 Printed in Italy by G. Canale & C. Typeface Sabon 10/13pt. System QuarkXPress® [GECKO ITD] A catalogue record for this book is available from the British Library ISBN 0 521 77529 9| Contents INTRODUCTION JOBS, PEOPLE AND ORGANIZATIONS @ Work and jobs A What do you do? B Word combinations with ‘work’ C Types of job and types of work ® Ways of working A Old and new ways B Nice work if you can get it © Nature of work Recruitment and selection A Recruitment B Applying for a job € Selection procedures Skills and qualifications A Education and training B Skilled and unskilled © The right person GB Pay and benefits ‘A Wages, salary and benefits B Compensation 1 © Compensation 2 GB People and workplaces A Employees and management B_ Management and administration © Labour D Personnel and human resources The career ladder A.A job for life B A job for now © In-house staff or freelancers? D Losing your job 10 12 14 16 18 20 22 GB Problems at work A Health and safety B Bullying and harassment © Discrimination @D Managers, executives and directors ‘A Managers and executives: UK B_ Managers and executives: US @D Businesspeople and business leaders A Businesspeople and entrepreneurs B Leaders and leadership © Magnates, moguls and tycoons GD Organizations 1 A. Business and businesses B Commerce € Enterprise DWord combinations with ‘enterprise’ Organizations 2 Self-employed people and partnerships Limited liability Mutuals: Non-profit organizations coe PRODUCTION Manufacturing and services A Industry B Manufacturing and services © Countries and their industries The development process Market research Development and launch Business Vocabulary in Use 24 26 28 30 32Innovation and invention 38 A Innovation and invention B_ Research and technology C Patents and intellectual property @ Making things 40 A Products 8 Mass production © Capacity and output Materials and suppliers 42 A Inputs B Suppliers and outsourcing C Just-in-time Business philosophies 44 Total quality management Continuous improvement Benchmarking Business process re-engineering A 8 c D MARKETING Buyers, sellers and the market 46 A Customers and clients B Buyers and sellers The market D_ Word combinations with ‘marker™ Markets and competitors 48 ‘A Companies and markets B More word combinations with ‘market’ © Competitors and competition @D Marketing and market orientation 50 A Marketing B The four Ps © Market orientation Business Vocabulary in Use Products and brands A Word combinations with ‘product’ B Goods © Brands and branding Price A Pricing, B Word combinations with ‘price’ © Upmarket and downmarket D-Mass markets and niches Place A Distribution: wholesalers, retailers and customers B Shops © Direct marketing Promotion A Advertising B The sales force © Promotional activities The Internet and e-commerce A The Internet B Clicks-and-mortar © B2B, B2C and B2G MONEY Sales and costs A Sales 1 B Sales 2 © Coss D Margins and mark-ups @) Profitability and unprofitability A Profitable and unprofitable products B Budgets and expenditure C Economies of scale and the learning curve me 54 56 58 60 62@) Getting paid A Shipping and billing B Trade credit C Accounts ED Assets, liabilities and the balance sheet A Assets B Depreciation C Liabilities D Balance sheet The bottom line A Accounts B Results Share capital and debt A Capital B Share capital © Loan capital D Security E Leverage Success and failure A Cash mountains and surpluses B_ Debt and debt problems € Turnarounds and bailouts D Bankruptcy Mergers, takeovers and sell-off A Stakes and joint ventures B Mergers and takeovers C Conglomerates FINANCE AND THE ECONOMY Personal finance A Traditional banking B_ New ways of banking © Personal investi 66 68 70 72 74 76 78 Financial centres A. Financial centres B Stock markets © Other financial markets D Derivatives Trading A Market indexes B Market activity: good times C ... and bad times Indicators 1 A Finance and economics B Inflation and unemployment C Trade D_ Growth and GDP Indicators 2 A Going up B Going down C Peaks and troughs D Boom and bust DOING THE RIGHT THING GD wrongdoing and corruption A Wrongdoing B Bribery and corruption © Fraud and embezzlement GB Ethics A. Code of ethies B Ethical standards © Ethical investment PERSONAL SKILLS Time and time management A Timeframes and schedules B Projects and project management © Time tips Business Vocabulary in Use 80 82 84 86 88 90 LrStress and stress management 94 A When work is stimulating, B_ When stimulation turns to stress © Downshifting Leadership and management styles 96 A Leadership B Modern management styles © Empowerment CULTURE Business across cultures 1 98 A Cultures and culture B Distance and familiarity GB Business across cultures 2 100 A Names B Business cards © Dress Business across cultures 3 A Entertainment and hospitality B Time © Cross-cultural communication 102 TELEPHONE, FAX AND EMAIL GQ Telephoning 1: phones and numbers 104 A Telephones and beyond B Phone, call and ring C Numbers D Doing things over the phone G@ Telephoning 2: getting through 106 ‘A Phoning scenario B Asking to speak to someone 1 C Voicemail Business Vocabulary in Use Telephoning 3: messages A. Asking to speak to someone 2 B Giving and taking messages C Spelling names D Taking messages: checking information Telephoning 4: arrangements ‘A Making arrangements B Closing the conversation © Changing arrangements Faxes A Sending faxes 8 Fax layout © Receiving faxes Emails A Email 8 Email expressions © Email abbreviations BUSINESS SKILLS Meetings 1: types of meeting ‘A Word combinations with ‘meeting’ B Types of meeting © How was the meeting? Meetings 2: the role of the chairperson A. Before the meeting B During the meeting C Follow-up Meetings 3: points of view ‘A Opening the meeting B Inviting people to speak © Making your point 108 110 112 114 116 118 120Meetings 4: agreement and disagreement 122 A. Discussion without argument? B Agreeing © Disagreeing Meetings 5: discussion techniques 124 A Hedging B Checking understanding, interrupting, referring back C Agreement, consensus or compromise? D Concluding Presentations 1: preparation and introduction 126 A. Types of presentation B Dos and don'ts: preparation © Key phrases: introduction GQ Presentations 2: main part 128 A Dos and don'ts: timing B Dos and don'ts: voice C Rapport with the audience Presentations 3: closing and questions 130 A Dos and don'ts: body language Visual aids Key phrases: closing and dealing with questions 2 Negotiations 1: situations and negotiators 132 A Types of negotiation B Word combinations with ‘negotiations’ © Bargaining Negotiations 2: preparing 134 A Preparing to negotiate B Negotiating scenario Negotiating styles @B Negotiations 3: furthering negotiations Win-win Probing Proposal and counter-proposal Trade-offs voe> Negotiations 4: difficulties A Confrontation B_Confrontational negotiating tactics, © Dealing with problems Negotiations 5: reaching agreement A Deadlock and mediators B Agreements and contracts € Checking the deal Answer key Index Business Vocabulary in Use 136 138 140 142 160im Introduction Who is this book for? Business Vocabulary in Use is designed to help intermediate and upper-intermediate learners of business English improve their business vocabulary. It is for people studying English before they start work and for those already working who need English in their job. Apart from improving your business vocabulary, the book also helps you to develop the language needed for important business communication skills. You can use the book on your own for self-study, or with a teacher in the classroom, one-to-one or in grou How is the book organised? ‘The book has 66 two-page units. ‘The first 46 of these units are thematic and look at the vocabulary of business areas such as people, organisations, production, marketing, finance and business-related economics. The other 20 units focus on the language of skills you need in business, such as those for presentations, meetings, telephoning and negotiations. ‘The left-hand page of each unit explains new words and expressions, and the right- hand page allows you to check and develop your understanding of them and how they are used through a series of exercises. There is cross-referencing between units to show connections between the same word or similar words used in different contexts. ‘There is an answer key at the back of the book. Most of the exercises have questions with only one correct answer. But some of the exercises, including the Over to you activities at the end of each section (see below), are designed for writing and/or discussion about yourself and your own organisation. ‘There is also an index. This lists all the new words and phrases introduced in the book and gives the unit numbers where they appear. The index also tells you how the words and expressions are pronounced. The left-hand page This page introduces new vocabulary and expressions for each thematic or skills area. The presentation is divided into a number of sections indicated by letters: A, B, C, etc, with simple, clear titles. As well as explanations of vocabulary, there is information about typical word combinations and the grammar associated with particular vocabulary, for example the verbs that are typically used with particular nouns. There are notes on mistakes to avoid, for example: You can’t say that someone is 'a responsible’. There are also notes about differences between British and American English. wm BE: CV Am résumé or resume 8 Business Vocabulary in UseThe right-hand page ‘The exercises on the right-hand page give practice in using the new vocabulary and expressions presented on the left-hand page. Sometimes the exercises concentrate on using the words or expressions presented on the left-hand page in context. Other exercises practise the grammatical forms of items from the left-hand page. Some units contain diagrams to complete, or crosswords. ‘Over to you' sections An important feature of Business Vocabulary in Use is the Over to you section at the end of each unit. There are sometimes alternative Over to you sections, for learners who are in work and those who are not, The Over to you sections give you the chance to put into practice the words and expressions in the unit in relation to your own professional situation, studies or opinions. Self-study learners can do this section as a written activity. In the classroom, the Over to you sections can be used as the basis for discussion with the whole class, or in small groups with a spokesperson for each group summarising the discussion and its outcome for the class. The teacher can then get students to look again at the exercises relating to points that have caused difficulty. Students can follow up by using the Over to you section as a written activity, for example as homework. How to use the book for self-study Find the topic you are looking by referring to the contents page or the index. Read through the explanations on the left-hand page of the unit. Do the exercises on the right-hand page. Check your answers in the key. If you have made some mistakes, go back and look at the explanations and exercise again. Note down important words and expressions in your notebook. How to use the book in the classroom ‘Teachers can choose units that relate to students’ particular needs and interests, for example areas they have covered in course books, or that have come up in other activities. Alternatively, lessons can contain a regular vocabulary slot, where students look systematically at the vocabulary of particular thematic or skills areas. Seudents can work on the units in pairs, with the teacher going round the clas assisting and advising. ‘Teachers should get students to think about the logical process of the exercises, pointing out why one answer is possible and others are not. We hope you enjoy using this book. Business Vocabulary in Use| 1 Work and jobs HD What do you do? To find out what someone’s job is you say “What do you do?” Here, Kerstin talks about her job: ‘work for a large European car maker. I work on car design. In fact, I run the design department and I manage a team of designers: 20 people work under me. It’s very interesting. One of my main responsibilities is to make sure that new model designs are finished on time. I'm also in charge of design budgets. I deal with a lot of different people in the company. I'm responsible for co-ordination between design and production: I work with managers at our manufacturing plants.” Note: in charge of i 4 noun responsible for verb + -ing responsibility + infinitive or -ing One of my responsibilities is to make sure One of my responsibilities is making sure YP You can’t say Prve-responsible. HEED Word combinations with ‘work’ If you work or have work, you have a job. But you don’t say that someone has ewer, Work is also the place where you do your job. Here are some phrases with ‘worl @ Hi, I'm Frank. I work in a bank in New 7 York City. Leave for work at 7.30 every The economy is growing fast morning. and more people are in work m Igo to work by train and subway. than ever before. The percentage mI get to / arrive at work at about nine. of people out of work has fallen we Pm usually at work till six. to its lowest level for 30 years. ™ Luckily, I don’t get ill very much so I’m not a sere wont often off work. _ 1 You don’t say, for example, Parar-thework or Far going te the-werk. HES) Types of job and types of work A full-time job is for the whole of the normal working week; a part-time job is for less time than that. You say that someone works full-time or part-time. A permanent job does not finish after a fixed periods a temporary job finishes after a fixed period, You talk about temporary work and permanent work. 10 Business Vocabulary in Use11 1.2 1.3 Pierre is talking about his work. Correct what he says. I work for a French supermarket company. (1) I work about the development of new supermarkets, (2) In fact, I runing the development department and (3) | am manage for a team looking at the possibilities in different countries. It’s very interesting. (4) One of my main is to make sure that new supermarkets open on time. (5) I'm also charged with financial reporting. (6) I deal at a lot of different organizations in my work. (7) 'm responsible of planning projects from start to finish. (8) I work closely near our foreign partners, and so I travel a lot. Complete the text with one of the prepositions from B opposite. Rebecca lives in London and works in public relations. She leaves home for work at 7.30 am. She drives (1) .. work. The traffic is often bad and she worries about getting 2). (3) snes quite late, at about eight. ‘Luckily, P'm never ill’ she says .. work late, but she usually arrives . work at around nine. She finishes work ‘Icould never take the rime (4) work? She loves what she does and is glad to be (5) . work, Some of her friends are not so lucky: they are (6) sans sesseseens WOTK, Write about each person using words from C opposite, and the words in brackets. The first one has been done for you. 1 Pm Alicia. I work in a public library in the afternoons from two until six. (Vjob) Vhave. a part-time. job. 2 My husband works in an office from 9 am to 5.30 pm. (he/job) 3. Our daughter works in a bank from eight till five every day. (she/work) 4 Pm David and I work in a café from 8 pm until midnight. (work) 5 My wife works in local government and she can have this job for as long as she wants it. (she/job) 6 Our son is working on a farm for four weeks. (he/job) 7 Our daughter is working in an office for three weeks. (she/work) (Jerome a ard ee ae RR a Cece RSs Pee RC Re eon of? What are your responsibilit What routine would you like to have? What time do you leave for work? How MSc Ce RO Se Ona What time do you arrive at work? Do you rea aera Business Vocabulary in Use "