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In 1994 Ford designated the Russian market as a strategic one and began assessing the opinions for organizing production in Russia. However it was resolved to send up a “trial balloon” from neighboring Belarus. In the fall of 1997 Ford Union began assembling Ford Transit mini-buses in the Minsk Region. That production survived only three years. During the service period Ford Belarus managed to make only 3,600 vehicles, after which it had to stop production as it appeared to be losing money. Ford Union is currently operating in Minsk, but now only as a dealer.
By that time Ford already selected the site for the Russian plant, in Vsevolzhsk, 20 kilometers away from St. Petersburg. In the spring of 1999 Ford signed an investment agreement with the Russian government and construction started in 2000. The plant arose from half-finished workshops which Ford had bought from Russky Diesel, a St. Petersburg-based company which went into liquidation. Within two years Ford spent $150 million to create a full-circuit production with the capacity of 25,000 cars per year. The production in Russia concentrated on the Ford Focus model.
In September 2001 Ford signed its first contract with a Russian supplier, Bor Glass Factory, from which the carmaker buys the glass for the doors of its Vsevolzhsk-assembled Focuses. Currently Ford has seven contracts with Russian manufacturers but they are making just minor parts, unable to materially influence the cost of the cars. Russia supplies rubber mats, splash aprons, brackets for the batteries, caps for the plus battery terminals, and small stamped parts of the car body. The car body, the running gear and the engine are supplied from the corporation’s European plants.
SUPPLEMENT
Give synonyms of the following phrases and words. Arrange them in crosswords.
Use underlined words as key ones.
WORD PUZZLE 1
1. agree, regard with approval;
2. science of the production, distribution and consumption of goods;
3. trade between countries;
4. ask for a job;
5. a great amount of money, property;
6. money paid by citizens to the government for public purposes;
7. employ a person for a position;
8. written statement of charges for goods delivered or for services;
9. possessions, things owned;
10.gradual and continued loss of strength;
competition
WORD PUZZLE 2
1. in the natural state, not manufactured or prepared for use;
2. to buy;
3. give or provide, meet a need;
4. ability to do smth expertly and well;
5. going away, withdrawal;
6. take place, happen;
7. price asked for goods or services;
8. sale of goods in small quantities;
9. asking for information;
10.person who uses goods;
application
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WORD PUZZLE 3
1. a written statement of rights, permission to do smth;
2. accept, take (an idea);
3. go forward;
4. an agreement to buy;
5. make or become larger;
6. goods available for sale, distribution or use;
7. get money in return for work;
8. busy oneself with smth;
9. payment of workers.
10.money in coins.
advantage
WORD PUZZLE 4
I. ask for a job.
2. provide safety, guard property.
3. give higher position, help the progress of;
4. money received during a given period of time;
5. money in coins or notes;
6. standard, class or grade, tax on property;
7. safeguard against loss, damage or sickness;
5. going down, losing strength.
purchase
WORD PUZZLE 5
1. make or become greater in size, number, etc.
2. put smth together so that the substances are no linger distinct;
3. money gained in business;
4. advantage, profit, help;
5. support, give hope or courage;
6. be of no success;
7. take part in a race, contest, etc.;
8. assortment, a line of things;
9. expenses or losses;
10. reason, smth that makes things happen;
experience
WORD PUZZLE 6
1. give work to smb, make use of;
2. standard, class or grade;
3. give, supply or do what is necessary;
4. place from which smth comes or is got;
5. a stock held by several partners;
6. rule made by authority to regulate the life of a society;
7. control, conduct business;
8. merchandize, movable property;
9. join with others in giving help, money, etc.
10.make known to people, promote goods in public;
11.series of events taking place regularly.
merchandize
WORD PUZZLE 7
1. characteristic of persons holding office, not personal;
2. goods available for sale distribution or use;
3. buying and selling goods;
4. intention, plan smth to get;
5. giving or being given higher position;
6. safeguard against loss or damage;
7. benefit, profit, make smth useful;
8. sale of goods in small quantities;
9. make easy, lessen the difficulties;
10. internal, home;
11. have a direction, have a tendency.
corporation
Vocabulary
accountant (n)-a person whose job is recording, managing or examining financial
records or accounts;
account for (v)-to be responsible for; to give satisfactory explanation;
advertise (v) - to make a public announcement describing the good qualities of a
product, service or idea in such a way as to make people want to buy it or
support it;
advertising (n)-use of public announcement to promote sale of a product, service or
idea;
agency (n)-an administrative department of government or a legal relationship to
represent a person or business;
annual (adj)- relating to or measured by the year; once a year;
annual Report (n)- a statement or booklet put out by a company once a year;
applicant (n)- a person who asks or applies for something;
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application (n)- a request; a written form used in making a request;
asset (n)- property or resources of a business or a person;
associate (n)-a person who is connected with another or others in some business or
action; partner or college;
association (n)-an organized group of people with common interests
authority (n) –the power or right to act, command or make decisions
balance sheet (n)-statement of financial condition at a given time
benefits (n)-money or other services given by the government or other institution;
billing (n) –total amount of business in a particular amount of time
bill of lading (n)-a receipt listing goods shipped
board of directors (n)-a group of people who supervise or manage a company
bond (n)-a certificate issued by a government or corporation, promising to pay back a specific amount of money, with interest, at a fixed date in the future;
brand (n)- the kind, quality or make of a product
capital (n)-wealth; the total amount of money or property owned or used by a
corporation or an individual
capital surplus -an excess or amount above what is needed
career (n)-an occupation or profession
channel of distribution -the marketing system by which goods are sent from those
who produce them to those who use them
charge(v)- to fix or ask as a price
charter (n)- a formal written document issued by the government, granting the right to
organize for some activity
claim (n)-the right to something; demand for something due
commercial bank-a bank that includes in its functions the acceptance of demand
deposits subject to withdrawal by check
commission (n)- a fee for services or work done, usually a percentage
compete (v)-to strive against another or others
competent (adj)- having or showing ability or knowledge, capable of doing
something well
competition (n) - the act of competing; rivalry
comptroller (controller)(n)- a person in charge of spending and financial activity, as
in a bank or company
consumer (n) - someone who buys and uses up things offered for sale, such as food,
services or clothing
corporation (n) - an organization made up of a group of people who have been given
the legal power to act as one person, created by a government charter with the
right to buy and sell property and enter into contacts
credit (n)- a balance in one’s favour; an entry of an amount in an account as payment
of an existing or future debt
data (n) - information, facts, figures
data processing – the rapid organization and analysis of large amounts of information
by computers or other machines.
deal (v)(dealt) - to do business, trade
debt (n) - something that is owed to another person
debt finding - the use of money supplied by loans
discount (n) - a reduced price
discount house - a store that offers reduced prices on items
display (n)- an exhibition or show
distribute (v)- to divide and give out in shares; to scatter, spread over an area
distribution (n) - the process or system by which goods are sent from those who
produce them to those who use them
diversified (adj) - varied; of different kinds
draft (n) - a written order directing payment of a special amount of money, as from
one bank to another bank
economics (n) - the science that deals with the production, distribution and use of
goods, money, natural resources and services
efficient (adj) - effective or competent; using as little effort or waste as possible
eligible (adj) - qualified to be chosen
employment agency-a company whose business is to find jobs for people seeking
them or to find people to fill jobs that are open
enterprise (n) - a project or undertaking
equity finding - money supplied by owners of a business for investment
exchange (n) -giving one thing in return for something else
executive (n) – a person who directs or manages affairs in a corporation
expand (v) –to make large, to grow in size, extent or scope
export (v) – to send to another country for the purpose of selling
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extensive (adj) - covering a large area; broad in effect or range
face value –the value appearing on bonds, bank notes and so on; the apparent worth
financial statement –a summary of a financial account
financing (n) – raising or providing funds; the funds thus raised or provided
finding (n) – discovery; result or conclusion of an investigation
fire (v) – to dismiss from a job
fiscal year –any 12-month period used as a basis for settling financial accounts in a
business or government
foreign exchange - a foreign currency; settling accounts between persons or
organizations in different countries
franchise (n) – the right to have or do something that has been given to an individual
or group by a business firm or government
gross(n)- total,entire; with nothing taken away
guarantee (n)-an assurance given by a seller to a buyer that his product is what it is
claimed to be or that it will be repaired or replace if anything goes wrong within
a certain period of time; warranty
hire (v)- to employ someone
imperfect (competition) (adj)- competition that is not fair; partly competitive
income statement- a company record showing receipts and payment for services and
goods
incorporate (v)- to form a business corporation
indirect channel-means of distributing goods through the use of one or more
middlemen rather than from the manufacturer to the user
inflow (n)- incoming
innovation (n)- something newly introduced; a new idea or method
installation (n) process of putting something in position or place for service or use
insurance (n)-protection against risk or loss by means of a contract
interest (n)- money paid for the use or borrowing of money
inventory (n)-detailed list of articles in stock at a given time
inventory control- supervision of the inventory
invest (v)- to put money to use for the purpose of getting a profit or income
investment(n)-the act of investing; the amount of money that is invested; something
in which money is invested
issue (v)-to give out or send
joint venture(n)—a partnership formed for a particular project
legal (adj)-relating to or concerned with the law
lending (n)-giving something with the understanding that it will be returned. In the
case of money, with a set rate of interest
letter of credit(n)-a letter addressed by banker to another bank or organization
certifying that a person is entitled to credit up to a certain amount; letter
addressed by banker to person to whom credit is given which allows the person to
draw up to certain amount on his or other bank
liability (n)-condition of being legally responsible to do or pay something
liable (adj)- legally responsible; obligated by law
limited liability- liability that is limited, restricted
line (n)- kind or classification (of goods or merchandise)made
line position- position of a worker with direct receiving orders from immediate
superior and giving orders to an immediate subordinate
loan (n)- act of lending; something lent
manage (v)- to direct or guide the affairs of a store, business or other operation
manufacture (v)- to make to produce, especially on a large scale
marketing n)-the functions involved in moving products from producer to consumer
modification (n)-a change in alteration
negotiable (adj)- capable of being sold or transferred
net (adj)- that remaining as profit after all deductions or allowances have been
net assets –resources of a business after deductions and allowances have been made
net worth – value of a person or company after deductions and allowances
note (n)- a piece of paper money or certificate of payment issued by a government or
bank; promissory note –statement or promise to pay back a certain amount of
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money at a certain time
officer (n)- person who holds office or position of authority in a company
operation (n)- the way of performing, directing or working; the state of being at work
outflow (n)- something that goes out
packaging (n)- process of wrapping, packing, binding or putting together
paper-work (n)-routine record-keeping that is often part of a more important task
partnership (n)- a business organization in which two or more persons are associated
policy (n)- a definite course or method of action
portfolio (n)- a list or group of stocks, bonds and so on belonging to a bank, company
or person
position (n)- a post employment
predict (v)- to announce or declare beforehand; to tell in advance
pricing (n)-setting an amount to be paid for a item
prime rate- an interest rate at which preferred customers can borrow from banks and which is the lowest commercial interest rate available at a particular time and place
profit (n)-financial gain, benefit
profit and loss statement-a summary account used an the end of an accounting period
promote(v)- to try to sell, make more popular, or get the necessary money for, as by
advertising
proprietorship (n)- ownership
prospective (adj)-possible; likely to become
purchase (v)- to get by paying money for; buying
quote (n)-current price or bid
ratio analysis-relationship of two figures
receipt n)- written statement that money, goods or mail has been received
record (n)-an account in writing; an official written form
record v)-to set down in permanent form, such as writing; to indicate, show, register
research (n)-a study or investigation in a particular field, usually for the purpose of
learning new facts and making new interpretations
savings account- a bank account for the purpose of saving money, on which interest
is paid
share (n)-one of the parts into which ownership of a company or corporation is
divided
statement (n)-a report or summary of financial matters
statute (n)- a law enacted by a legislative body; a written rule or law regulating an
organization such as corporation
stock (n)-the total number of shares that a company or corporation is authorized to
issue; the number of shares held by an individual stockholder
stock (n)-the total amount of goods that merchant or commercial establishment keeps
on hand for sale
stock (v)- to lay in stock or supply
take title- assume ownership
tax (n)-money that must be paid by people for the support of the government
trade-in-allowance- an amount given for a used car, appliance or the like as payment
or part payment toward a new item
traffic (n)- an exchange of goods; buying and selling, trade
transaction (n)- a business deal
trend (n)- a tendency, a course; a current style or preference
utility (n)-company that provides an important service to the public as by supplying
gas, electricity or water
warehousing (n)- storing or stocking or depositing of merchandise
wholesaling (n)-selling of goods to retailers for release, usually in large quantity
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