Teacher I.S.Kokovihinа

Практичне заняття № 11

1. READ AND TRANSLATE THE TEXT.

2. RETELL THE TEXT.

WHAT IS A COMPANY

Company is a corporate enterprise that has a legal identity separate from that of its members; it operates as one single unit, in the success of which all the rnembers participate. An incorporated company is a legal person in its own right, able to own property and to sue and be sued in its own name. A company may have limited liability so the liability of the members for the company debt’s is limited. An unlimited company is one in which the liability the members is not limited in any way. There are various different types of ompanies: a chartered company is one formed under Royal Charter in Great Britain.Chartered companies, however, are now rare, unless a charter is equired for prestige purposes, as it might be for a new university. A joint-stock company is a company in which the members pool their stock, trading on the basis of their joint stock. This differs from the earlier merchant corporations or regulated companies of the 14th century, in which each member traded with his own stock but agreed to obey the rules of the company.

A registered company is the most common type of company. A company may be registered either as a public limited company or a private company. A public limited company must have a name ending with the initials “pls” and have an authorized share capital. The regulation of such companies is stricter than that of private companies. Most public companies are converted from private companies, under the re-registration procedure laid down in the Companies Act. A private company is any registered company that is not a public company. The shares of a private company may not be offered to the public for sale. A statutory company is a company formed by special Act of parliament in Great Britain. These are generally public utilities that were either not nationalized or that have been privatized.

 

Active Words and Word Combinations:

corporate enterprise – корпоративне (акціонерне) підприємство

incorporated company – корпорація (об’єднанне товариство)

unlimited company – компанія з необмеженою відповідальністю

liability – відповідальність 

chartered company – чартерна компанія

joint-stock company – акціонерне товариство

registered company – зареєстрована компанія

public limited company – компанія з обмеженою відповідальістю

private company – приватне підприємство

statutory company – статутна компанія

 

 

Teacher ________________I.S.Kokovihinа

Практичне заняття № 12

1. READ AND TRANSLATE THE TEXT.

2. RETELL THE TEXT.

 

MARKS & SPENCER

A BRITISH SUCCESS STORY

Marks & Spencer, the British food and clothes company, is the most famous British shop in the world. At the moment there are 283 M&S shops in Britain, and other shops in France, Belgium, Holland, Spain, and Portugal. Currently, they are building a large new store in Paris on the rue de Rivoli. In North America, the company owns Brooks Brothers and there are about fifty stores in Canada. More and more people, from Hong Kong to

Lisbon are buying their clothes and food from M&S.

 

The company employs about 50,000 people worldwide. Sales have increased by 80% over the last ten years, mainly due to expansion overseas. Many of the shops abroad are franchises. Owners of franchises buy all their stock from Marks & Spencer and pay the company a percentage of their turnover.

 

The clothes vary from country to country. In Thailand, for example, M&S sell more short-sleeved shirts because of the climate. In Japan, they sell smaller sizes because of the average size of the population. In Austria, they stock very large clothes. Food departments sell typically British food: tea, cake, biscuits, etc., and the shops in Paris are very popular at lunchtime for the sale of sandwiches.

 

Why is Marks & Spencer so successful? The standards of quality are very high. All suppliers have regular inspections. All customers can return any item which they think is unsatisfactory. Stocks are limited. Shelf lives are short. This means that items only stay in the shop for six to seven weeks. Eghty per cent of the suppliers are British, in fact. M&S buys twenty per cent of the total cloth produced in Britain. Prices are high but so is the quality. In Britain, one man in five buys his suits at M&S, and one woman in three buys her underwear there.

 

What about the future? At the moment, the company is studying plans for development in Eastern Europe, Japan and even China. Next century, it is possible that one Chinese in five will wear Marks & Spencer suits. That’s a lot of suits!

 

Teacher ________________I.S.Kokovihinа

Практичне заняття № 13

Practice work “Presentation of the company.”

 

Before presentation of your firm or company do the following exercises.

How do you welcome overseas visitors in your company/country? How does it differ in other companies/countries?

Many companies are multinational: they operate in several different countries.

1. What advantages and disadvantages to multinational companies have (compared

     with smaller companies)?

2. Would you prefer to work for a big multinational company? Why?

 

Practice:

Draw an organization characteristic for your own company or a company you know.

Write a description.

Present your company to a colleague.

 

Teacher ________________I.S.Kokovihinа