Do you want to practice English reading? These are the very good easy English texts for learning. Today, let’s learn about the business world—what it is, how companies work, and some important things about jobs and companies.
What Is Business?
A business is an organization where people work together to make products or provide services. Businesses sell products or services to customers to make money, called profit.
There are many types of businesses. Some are small, like a bakery in your neighborhood. Others are very big, like technology companies, banks, and airlines.
How Do Businesses Work?
Businesses have different parts that work together to make everything happen. Here are some of the most important parts:
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Management – People who make decisions and plan how the company works. These are the managers and directors.
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Finance – This part takes care of the company’s money. They pay bills, manage salaries, and check if the company is making a profit.
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Marketing – The marketing team promotes the company’s products or services. They create advertisements, manage social media, and talk to customers.
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Sales – This team sells the products or services to customers.
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Human Resources (HR) – HR helps hire employees, train them, and manage problems at work.
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Operations – This area manages how products are made or how services are delivered.
How Do Companies Make Money?
A company makes money when customers buy its products or services. The money that comes in is called revenue. After paying costs like salaries, rent, and materials, the money left is called profit.
If a company spends more than it earns, it has a loss. Companies try to avoid losses by improving products, reducing costs, and finding more customers.
Types of Businesses
There are different types of businesses:
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Small Business: Like a coffee shop or a small clothing store.
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Startup: A new business, often in technology, that tries to grow quickly.
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Corporation: A large company with many employees, like Google or Amazon.
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Nonprofit Organization: A company that does not work for profit but helps society, like charities.
Jobs in the Business World
There are many jobs in the business world. Here are some examples:
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Manager: Organizes teams and projects.
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Accountant: Works with company money and taxes.
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Salesperson: Sells products or services.
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Customer Service Agent: Helps customers with questions or problems.
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Marketing Specialist: Promotes the company and products.
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Project Manager: Plans and controls specific projects.
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HR Specialist: Hires people and manages work relations.
Each job is important to help the company succeed.
Business Around the World
Business is not the same in every country. Different cultures have different ways of doing business.
For example:
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In Japan, people are very formal in meetings. They bow to show respect.
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In the United States, business is often direct and fast.
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In Brazil, meetings are friendly and people like to build personal relationships.
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In Germany, people are punctual and very organized.
Knowing how business works in other countries helps companies succeed internationally.
How Technology Changed Business
Technology has changed the business world a lot. Today, many companies use the internet, social media, and apps to reach customers.
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People can shop online anytime.
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Companies have video meetings with people in other countries.
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Social media helps companies promote their brands.
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Data analysis helps businesses understand customer needs.
Technology makes business faster and more global.
Famous Companies in the World
Here are some famous companies you may know:
Amazon
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Type: Online store
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Known for: Fast deliveries, huge variety of products
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Type: Technology
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Known for: Search engine, YouTube, Android
Apple
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Type: Technology
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Known for: iPhones, iPads, and Mac computers
Coca-Cola
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Type: Beverage company
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Known for: Soft drinks like Coca-Cola, Fanta, and Sprite
Toyota
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Type: Automotive
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Known for: Cars, reliability, innovation
Why Is Business Important?
Business is important because it creates:
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Jobs: People work in businesses to earn money.
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Products: Things people need like clothes, phones, or food.
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Services: Things like transport, banks, education, or healthcare.
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Innovation: New ideas and technology come from businesses.
Without business, the world would not have the products and services people use every day.
Let’s Get To Business
The business world is a big part of our lives. Businesses create jobs, offer products, and provide services that people use every day. Understanding how companies work helps you not only improve your vocabulary but also learn about the real world. From small shops to big corporations, every business plays an important role in the economy. Technology, culture, and innovation all influence how businesses grow and succeed. By learning about business, you also practice useful English that can help you in jobs, studies, or daily conversations.
Practice Time!
Start the quiz and answer these simple questions to practice your reading skills.
Practice a little bit more your English skills by watching this video lesson. Try with subtitles and without it: Business World.
Vocabulary
| Word | Meaning |
|---|---|
| Organization | A group of people working together for a purpose |
| Provide | To give something to someone |
| Profit | The money a company makes after paying costs |
| Revenue | All the money a company earns before costs |
| Loss | When a company spends more money than it earns |
| Corporation | A large company with many employees |
| Nonprofit | An organization that does not aim to make money |
| Punctual | Being on time |
| Innovation | A new idea, method, or product |
| Data Analysis | Studying information to understand something |
