3. Changes CHECK YOUR ENGLISH VOCABULARY FOR BUSINESS AND ADMINISTRATION

CHECK YOUR ENGLISH VOCABULARY FOR BUSINESS AND ADMINISTRATION

3. Changes

Exercise 1: Look at sentence pairs 1 – 22, then complete the second sentence in each pair with a word or expression from the box so that its meaning is similar to the first sentence. There are some words / expressions in the box that do not fit in any of the sentences. You do not need to change the form of any of the words / expressions. amended build up considerable growth constant rise cuts deterioration downsizing downward trend dramatic increase expansion fluctuated general improvement marked progress narrow narrowing phased in phased out reduce relaxation restructure sharp decline/fall steady decrease streamline strengthening tightening up upgrade upward trend weakening widening 1 Last year, 33% of the population worked in secondary industries and 48% worked in the tertiary sector. This year, the figures are 27% and 53% respectively. There has been a _____________ of the gap between those working in different sectors of the economy. 2 Last year, the overseas market accounted for 60% of our sales. This year, it only accounts for about 15%. There has been a _____________ in overseas sales figures in the last year. 3 People can afford to buy more and live more comfortably than they could twenty years ago. There has been a _____________ in the standard of living. 4 Because our company is bigger now than it was two years ago, we need to recruit more employees. Because of company _____________ over the last two years, we need more workers. 5 British travellers abroad have discovered that they can buy less foreign currency with their pound. There has been a _____________ of the pound sterling. 6 It is now much harder to import goods into the country than it was a few years ago. There has been a _____________ of border controls for imports. 7 In 2002 inflation was running at about 4%, in 2003 it was 4.5%, in 2004 it was 5% and in 2005 it was 5.5%. Between 2002 and 2005, there was a _____________ in the rate of inflation. 8 Last year, the company employed 200 people. This year it now has over 1000 employees. There has been a _____________ in the number of employees working for the company. 9 Unemployment figures have dropped by about 2% every year for the last four years. There has been a _____________ in unemployment figures over the last four years. 10 Over the next few years, some management positions in the company will be gradually removed. Some management positions will be _____________ over the next few years. 11 Because of forecasts for high demand in the future, we need to increase our stocks. We need to _____________ our stocks to cope with future demand. 12 The government will spend less on import subsidies next year. There are going to be _____________ in import subsidy spending next year. 13 Public services are less reliable now than they were five years ago. There has been a _____________ in public services reliability over the last five years. 14 Nowadays, more and more people are travelling abroad for business and pleasure. There has been _____________ in the overseas travel market. 15 Compared with five years ago, more people are shopping at out-of-town retail parks than in town centre shops. There has been an _____________ in the number of people shopping in out-of-town retail parks. 16 Unless your work visibly improves, we will have to recommend a transfer to another department. We need to see some _____________ in your work, or we will recommend a departmental transfer. 17 Over the next two months, we plan to make our office computers faster and more efficient. Over the next two months, we plan to _____________ our office computers. 18 We are trying to make the accounting system simpler and more efficient. We are trying to _____________ the accounting system. 19 Making the company smaller by making a lot of staff members redundant has made it much more profitable than it was before. _____________ the company has made it much more profitable than it was before. 20 Property prices have gone up, then gone down, then gone up again twice this year. Property prices have _____________ twice this year. 21 We have made small changes to the rules for applying for instant credit. We have _____________ the rules for applying for instant credit. 22 The company is planning to change its marketing division to make it more effective. The company is planning to _____________ its marketing division. Exercise 2. Choose the most appropriate word in bold to complete sentences 1 – 10. 1 The company cannot refund customers' money, and goods can only be altered / exchanged / revised on production of a receipt or other proof of purchase. 2 We have made radical changes to the working regulations, and employees are expected to expand / stretch / adapt to these over the next few weeks. 3 Our customer call centre used to be in Sheffield, but last year we promoted / varied / outsourced it to India, where costs are much lower. 4 The new director has completely reduced / transformed / heightened the company, from a small local enterprise to a major international concern. 5 The hotel is currently being renovated / replaced / switched but will remain open while building work is carried out. 6 Production has been switched / disappeared / enlarged from our Bracknell site to a new industrial centre near Milton Keynes. 7 Our new memory cards extend / vary / raise in price, from £42 for a 64Mb card up to £140 for a 2Gb card. 8 The Internet clothing company Pants2U.com has deepened / shortened / expanded its range to include jewellery and watches. 9 The decision to dissolve / demote / disappear the company wasn't an easy one to make, but everyone agreed that there was no other option but to cease trading. 10 Air fares will be adapted / extended / revised on 21 July: domestic flights will go down by 10%, but international flights will go up by 22%.

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