АНГЛИЙСКИЙ ЯЗЫК ) SETTING UP A JOINT VENTURE

When a businessmen set up a joint venture they want to increase their profit and to satisfy the needs of the customers. Setting up a joint venture must be beneficial to both sides. Foreign partners get the access to the Russian market, they gain the new market share. Russian partners can attract foreign capital, advanced technology and management expertise.
It is not easy to achieve these goals. It is necessary to study economics, politics, culture and science of the foreign country, or to study environment factors, to learn it there is any demand for your goods, to know how the price for your product compares with the competitors’ prices. You need highly qualified staff and a big budget.
A joint venture creation is not a simple thing. The joint venture creation has several stages. Businessmen must discuss the possibility of establishing a joint venture, sign a protocol of intentions, draft of a feasibility study, prepare the foundation documents
1.Finish the following sentences (дополните письменно предложения)
1 A joint venture creation……………
2 You need highly qualified……………
3 Russian partners can attract…………….
4 Setting up a joint venture………………

2.True or False (верно/неверно)

1 Foreign partners don’t get the access to the Russian market.
2 It’s necessary to learn if there is any demand for your materials.
3 You need highly qualified personnel.
4 The joint venture creation has only one stage.

3.Answer the questions (ответьте письменно)

1 What goals do businessmen have when starting up a joint venture?
2 Is it easy to achieve these goals?
3 What can Russian partners attract?
4 What for do they need highly qualified staff and a big budget?
5 Name the things which businessmen must do.​

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