Joint Ventures
To go international a large firm can set up a joint venture with a company of another country. In this case two companies pool their resources to design, manufacture and sell the product. Both firms profit by the results of this arrangement. They also share responsi¬bility. One of the firms provides the necessary funds and know-how for producing goods. In return it gets a foothold in the foreign market. The other firm obtains financial and technical assistance. And it takes responsibility for handling red tape and organizing sales in the local market.
In the beginning of the 21-st century, for example, a Connecticut engineering company set up a Joint venture with Russian oil refineries and petrochemical plants. The venture gives the Russians the necessary technology and the Connecticut Company has gained a foothold in the world's largest oil industry in return.
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-What can a firm set up if it wants to go international?
-Who can it make a joint venture with?
-What do the two companies do when they arrange a joint venture?
-What do they need joint resources for?
-Do they share profit or responsibilities only in this case?
-What does each firm provide and get when the two of them set up a joint venture?
-Who provides finance and technology?
-Who deals with the red tape?
-Who organizes sales?
-Why was the Connecticut engineering firm interested in this joint venture?
-What did the Russians get in return?
Complete the sentences with the correct
form of the verbs in the box.
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1 When I want to my mood, I go running.
2 Did you know laughing can ___ your blood
5 Choose the correct words.
1 Perhaps some light exercise could / must relieve
the pain.
2 He fell asleep at his desk! He might / must have been exhausted.
3 Ann isn’t here. She must / can’t have forgotten.
4 You don’t have to / shouldn’t exercise when
you don’t feel well.
5 She’s walking to school. She might / can’t have missed the bus.
6 He can’t / could have gone home. He’s left his bag on the chair.
7 We mustn’t / don’t have to learn Chinese.
8 Tania’s in Spain. You must / could have seen
someone else.
Communication
pressure?
3 My dad doesn’t
the discipline to run a
marathon.
4 She’s very shy. I think she needs help to her
self-esteem.
5 Coffee doesn’t
gives a short boost.
6 Our new project
7 There are exercises you can do to your
concentration.
2 Write the nouns for these words.
your energy for very long. It
a lot of team work.
6
Complete the dialogue with the words in the box.
suppose have sure might should think
Kate Look at these adverts for the new sports hall, Nick.
Объяснение:
b I was because the company closed the department.
A made redundant
c Sam retired last month after a very successful as a heart surgeon. B career
d Bill has a job working forty hours a week in a hospital. A full-time
e I'm going to apply a job as a circus clown. B for
f Most people in the UK when they're 65. B retire
g Susie works sales and marketing, doesn't she? B in
h I resigned my job mainly because I was bored. A from
i If you're out of, life can be hard. B work
j Dave works Pizza Palace as a waiter. A in