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Complete 1-5 with words from the first paragraph.





1 The ……… is in charge of a company.

2 The ……… is money you have available to spend on a particular project.

3 The ……… is responsible for running a company.

4 To ………... is to put money into a business.

5 …………... put their money into a company.

 

.



 

Reading 2

Someone is giving a visitor a tour of a company. Read about the nine departments and underline the names of all the departments. Match the picture with the department.

OK, let's start here, in research and development, or R & D. This department is responsible for thinking of ideas for new products and finding ways to improve our existing products...

This department looks after our computer equipment. They deal with any problems. This is information technology, or IT...

Purchasing buys all the things we need to make our products. They talk to our suppliers and try to get the best price...

This is the main factory area, the production department. Here we make our products. It's the biggest part of the company...

Here in the finance department, they check how much the company is making and decide how much to spend. They also pay employees' salaries...

This department looks after the people who work here. Human resources is responsible for recruiting new employees, organizing training and helping with any problems...

Sales and marketing is very important. The marketing people think up the ideas for selling our products. The sales people go out and sell our products to our customers...

Customer services processes orders from customers. It organizes transportation, checks that customers have received their orders and deals with complaints...

Finally, distribution is responsible for transporting our products. They receive orders from customer services, and plan how and when to transport the products so the customers receive them at the right time...

Match the names of the departments (1-9) with the phrases (a-i) to make a short description of each department.

a) transports the products, b) pays the salaries. c) sells the products, d) makes the products, e) looks after the computers, f) thinks of ideas for new products. g) recruits new staff, h) processes orders from customers, i) buys parts from suppliers.

1 Sales and marketing

 

2 Information technology

 

3 Customer services

 

4 Human resources

 

5 Purchasing

 

6 Production

 

7 R&D

 

8 Finance

9 Distribution

 

Reading 3

HANSON'S

 

Between the early 1960s and the mid 1990s, two British businessmen, James Hanson and Gordon White, built a global business conglomerate with a value of over £10.5 billion. During that period they bought over 40 companies in the UK and the USA.

However, Gordon White died in August 1995 and a few months later the 74-year-old James Hanson decided to break up their empire.

Hanson wanted to divide his conglomerate into four groups of companies.

 

On the opposite page are details of eight of Hanson's major companies. You don't need to understand every word in the texts, but find the answers to these questions as quickly as possible:

1 Which company owns power stations?

2 Which company is interested in continental Europe?

3 Which company's main customers are in the paint and paper industries?

4 Which company had a flat turnover last year?

5 Which company is the worlds biggest private coal miner?

6 What are aggregates?

7 Which company is based in California?

8 Which company produces polyethylene?

9 Which company has nearly no international business?

10 Which company is interested in power generation in Asia?

£ Now hold a meeting to decide what is the best way to divide the conglomerate into four groups of companies. Give your reasons. (N.B. You don't need to make four groups of two -a 'group' could be just one company.)

 

EASTERN GROUP

The Eastern Group has a number of power stations in the UK and makes most of its profits from electricity distribution in the south-east of England. It is also the UK's fourth largest supplier of gas. Eastern's management would like to develop international interests. Profits last year: £245 million

 

ARC

ARC is the second largest producer of aggregates (rock, sand and gravel) in the UK. It is also second in coated stone for road construction. Despite a difficult construction market last year, ARC increased operating profits from £69 million to £84 million on flat turnover of £563 million.

 

PEABODY

Peabody is the world's largest private sector coal miner and a leading US distributor of propane gas. Hanson's accounts show that St Louis-based Peabody had a difficult time last year. While profits rose from £149 million to £215 million, the underlying trend was down. Peabody is currently interested in power generation projects in Asia.

 

QUANTUM

Quantum is an American chemical company that specialises in plastics, in particular, polyethylene products. Last year it made operating profits of 30% on sales of £1.4 billion. However, it operates in a very unstable market and results will probably not be as good over the next few years.

 

HANSON BRICK

Hanson Brick has about 30% of the UK brick market. Last year it increased its profits from £23 million to £38 million despite the difficult housing market. It is now turning its attention to continental Europe.

 

IMPERIAL TOBACCO

Imperial Tobacco is number two in the British cigarette market. Its operating profits are £ 350 million from sales of £ 780 million and it will soon have new factories that will make it even more efficient. But these profits are nearly all in the British market; it has almost no international business.

 

Company name: SCM

Location: USA

Main product: Titanium oxide (a chemical used to make things white)

Main customer: the paint and the paper industries

Sales: £ 531 million

Future plans: to increase production capacity by 22% before 2000

 

Company name: Cornerstone

Location: California, USA

Main product: aggregates (rock, sand and gravel)

Turnover: £ 930 million

Profit: £ 50 million

 

Reading 4

 







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