Business Vocabulary in Use:

Units 27, 46 and 47



1 Draw a line from each word on the left to a word on the right to make a word pair. (There is one
extra word that you don't need to use.) Then use the word pairs to complete the sentences below.






export

         agreement

sales

         brand

global

         area

indirect

         manager

offering

         exports

licensing



1 It was a very successful _________________ _________________ with the exception of Latin America
where the name had a negative meaning.

2 Goods supplied to a person overseas, who then arranges for the goods to be exported to a place
outside the EU, are considered to be _________________ _________________ for VAT purposes.

3 Our _________________ _________________ is responsible for representing our company and its
products in both existing and potential overseas markets.

4 AZ Pharmaceuticals today announced the signing of a _________________ _________________ with NT
Corporation, the US-based drugs company.

5 My _________________ _________________ covers the south east of England, including London.


2 Use the words in the box to complete the text. You will need to use some words more than once,
and there is one word that you don't need to use.

      Domestic          Income          National          Industrial          Gross
Product



The total value of goods and services that a country produces in a year is called its
(1)______________ (2)______________ (3) ______________. When this value includes profits that the
country makes overseas, but excludes money that leaves the country, it is known as (4)
________________ (5) ________________ (6) ________________. In the past this was called (7)
________________ (8) ________________ (9) ________________.





3 Find the answer to each clue. The first letter has been given in each case.

1 Reduction in the rate of exchange of a currency = d_________________________

2 Able to be easily exchanged for another currency = c_________________________

3 Send or take back to your own country = r_________________________

4 Uncertainty due to a possible change in the present situation = i_________________________


4 Translate.

1 Bankovní systém státu může ovlivňovat přeshraniční kapitálové toky.

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2 Zpráva uvádí, že odliv kapitálu ze země se v posledních desíti letech zdvojnásobil.

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3 Velkou část Latinské Ameriky a Východní Evropy tvoří země se středním příjmem.

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4 Liberalizace pohybu kapitálu mezi vyspělými zeměmi je rychlejší než v rozvojových zemích, ale
ještě zdaleka není dokončena.

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