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The joint venture project and Unit 8 review

Lessons 58–59 · 2 lessons · L. Jurayev, M. Abdullayeva, H. Tuhtarova, S. Khan, L. Tsoy, K. Inogamova, L. Matskevich, R. Ziryanova. Fly High English 9 (English, Grade 9), revised and expanded 2nd edition. “Yangiyo‘l Poligraf Servis”, Tashkent, 2014
58

Project

Textbook: pp. 89–90
GoalProject: a joint venture — roles, product, costs, income and profit (profit = income − costs), sharing profit (50/50, 30/70).
New words
profit · foydaincome · daromadcosts · xarajatinvestment · sarmoya
Explanation

In a joint venture two sides — a local and a foreign company — work together. First they choose what to produce (for example teapots, carpets or silk goods), then they divide tasks: buying materials, production, selling, design, staff training and finance. Each company pays its own costs. When the goods are sold we calculate the income and subtract the costs: profit = income − costs. The profit is shared as agreed: 50/50 or 30/70. A poster shows the structure, tasks, costs and profit. Useful phrases: We have agreed that ... ; Our company will be responsible for ... ; If we sell all the products, the profit will be ... .

Worked examples
Product: ceramic teapots. Uzbek partner: materials and production. Foreign partner: design, training and sales abroad. Income 900,000 so‘m, costs 600,000 so‘m: profit 300,000 so‘m. Shared 50/50, each partner gets 150,000 so‘m.
If the profit is shared 30/70, the partner with 30% gets 90,000 so‘m and the partner with 70% gets 210,000 so‘m.
Class activity

Groups draw a joint-venture poster: name, product, tasks, costs, income, profit and shares; they present it to the class.

Practice
1
Calculate the profit: income 800000, costs 500000. Profit?
2
Profit is 400000. If shared 50/50, how much does each get?
3
Profit is 100000. If shared 30/70, how much is the 70% share?
4
Why does each company pay its own costs while the profit is shared?