Business and Profit

Conversation

After a quick greeting, use the following questions as a guideline to form an interesting conversation with your tutor. Feel free to diverge from these suggestions if anything interesting comes up.

  • Do you agree or disagree with the following statement? Businesses should do anything they can to make a profit. Use specific reasons and examples to support your position.
    • What sorts of things do businesses do to ensure they make a profit?
    • What dangers can this obsession result in?
    • Should profit always be the top priority for a company?

Vocabulary

Skip this section if you have a 15-minute plan. Read the word/expression and definition out loud, and your tutor will go over anything you do not understand. Practice creating a sentence or two to make sure you know how to use the word/expression properly.

Vocabulary/ Expressions

Expression Definition
profit (n) financial gain
To some companies, profit is the most important thing.
receipt (n) statement acknowledging something has been purchased
She asked for the receipt of her purchase.
greedy (adj) showing intense selfishness
Some businessmen can come off as greedy and only care about profits.
obsessed (adj) preoccupied constantly
The managers of the company were obsessed with making large profit margins.
sacrifice (v) giving up something of value for the sake of something else.
The employees had to sacrifice a lot to get their numbers.
merit (v) earn, be worthy of
The findings were good enough to merit bonuses for all employees.
rent out (expression) allow usage for a fee
When money was tight, they decided to rent out their extra bedroom.
buy into (expression) accept an idea
In order to do well, they had to get people to buy into their idea.
dish up (expression) serve
She could dish up a new idea easily in every meeting.
crunch the numbers (expression) do a lot of calculations
They wanted to crunch the numbers several times to be sure they had the right profit margins.

Something Extra

Read the following quote out loud.

“A man must be big enough to admit his mistakes, smart enough to profit from them and strong enough to correct them.”
― John C. Maxwell

Wrap-up

Go over any new expressions or vocabulary that you learned today.

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