The Business pi answer key

3
1 Partnership
2 Private limited company (Ltd)
3 Public limited company (PLC)
4 Sole 
trader
4
1 c) 2 d) 3 a) 4 b) 5 h) 6 g) 7 f) 8 e)
5
1 F
2 T
3 T
4 T
5 F The owners have to be in agreement.
6 T
7 F You can lose money if share prices fall.
6
1 consumer
2 employee
3 politician
4 environmental 
activist
5 shareholder
6 supplier
7
1 customer
2 employee
3 politician
4 environmental 
activist
5 shareholder
6 supplier
6.3 Grammar
 Reported speech
1
1 She said that the headquarters were in New York.
2 She said that the company employed 65,000 people worldwide.
3 She added that they had made a profi t of $100 million the year before.
4 She continued that they could increase their market share by 3%.
5 She explained that they invested a lot of money in R&D.
6 She mentioned that the company would build a plant in India.
7 She said that they had two main competitors.
8 She said that no business could ignore its customers.
2
1 after
2 through
3 with
4 up
5 into
6 up
7 for
8 away

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10
Answer key
3
1 c) 2 a) 3 b) 4 d) 5 g) 6 f) 7 h) 8 e)
4
1
First meeting
4
Talking about business
2
Names
6
Interrupting
7
Written contracts
3
Business cards
5
Presents
5
1 She said that you should shake hands with the most senior person fi rst.
2 She added that you should use the family name, not the given name.
3 She stressed that people didn’t talk business straight away.*
4 She commented that sometimes people brought a present.*
5 She pointed out that a good choice of present was an expensive cognac.*
6 She explained that the Chinese preferred face-to-face meetings.*
7 She said that people didn’t like to say ‘No’.*
8 She stressed that you shouldn’t interrupt people in meetings.