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University of Algiers 3
Faculty of Economics, Business and Management

International Business
Bachelor degree
Subject 03: Business operations
Correction:

Activity 01: Write questions, relating to the text, to which these could be the answers.
1) Common business operation divisions include: production,
marketing, finance and human resource management.
What are the business operation divisions ?
2) They aim to achieve revenues that exceed the costs of operating the
business.
What is the main aim of profit businesses?
3) The process of identifying the goods and services that consumers need
and want using the 04Ps.
What is the concept of marketing?
4) Recruiting new employees to replace those who leave and for filling
newly created positions.
What are the main functions of Human Resources Management?
5) Granting, monitoring, and collecting on credit or loans and ensuring that
customers pay bills on time, also establishing a good working relationship
with a bank.
What do financial activities include?
Activity 2: Find words or expressions in the text which mean the following.
1) The amount of goods a business keeps available for wholesale or retail.
inventory
2) An organization that provides goods and services with the aim to make
profit. For-profit business
3) Is an inventory strategy that involves ordering and receiving inventory
for production and customer sales only as it is needed to produce goods,
and not before. Just-in-time inventory
4) A sum of money that one or more individuals or companies borrow from
banks or other financial institutions so as to financially manage planned or
unplanned events. Loan
5) To inform potential customers and motivate them to purchase goods/
services by using advertisements. Advertising
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6) The management of money. Finance

Activity 03: Cross out the word which does not normally go with the key word.
1) to fund, to be involved in, to carry out, to expire: a project
2) to award, to do, to tender for, to bid for: a contract
3) to enter into, to build a, to break up a , to make: partnership
4) to operate, to improve, to compete, to provide: a service
5) to declare a, to go out to, to win a , to put something out to: tender
6) to pursue, to succeed, to achieve , to specify: an objective