Suggested answer: (127words)

The last years of twentieth century saw theInternet being used by more and more companies asa business tool. In 1997 e-commerce was verylimited earning a revenue of less than $25 billion.However, since then, there has been a steadygrowth worldwide. This trend looks set to continueinto the next century with revenue from e-commerce rising to reach almost $200 billion by2003.

Like e-commerce, e-business has shown steadygrowth with revenue tripling in the period 1997 to 2000, rising from about $50 billion to $150billion. However, during there is predicted to be a far more dramatic increase in e-businessrevenue over the next three years. It is thought that by 2003 revenue from e-business willhave reached over $800 billion worldwide.

Business practices in China Ex 3: Sample answer: (244words)

Dear Chen，

I was very pleased to receive your letter. Asrequested, I enclose some advice about visitingMilan.

There are lots of good hotels near the Fiera and Irecommend the Hotel Wagner; it is about a ten-minute walk from the trade fair and also has themetro and train connections. The public transportsystem here is quite reliable and I do not think youneed to hire a car; the traffic in Milan can be a bit chaotic.

Finding somewhere to eat in the evening should be easy. There are plenty of restaurantsand pizzerias near the hotel. My favourite is Nove Cento, which serves excellent seafood pasta.

It is difficult to know what to recommend for sightseeing as the city has so much to offer.If you are interested in art, then the world famous ‘Last Supper' by Leonardo da Vinci is a shorttrain ride from the hotel or you could visit the Brera art gallery. There is also the Duomo,Milan's huge gothic cathedral. If you are interested in football, there should be midweek matchfeaturing either AC or Inter Milan. Alternatively, you could visit the fashion area around viaMontenapoleone.

Thank you for inviting me for a meal one evening during you stay. I would be very happyto accept.

I look forward to hearing from you nearer the time. We can then make the arrangementsfor where and when we are going to meet.

Best regards

Maurizio