This book is the outcome of an English Language Teaching Project undertaken by the Department of English, University of Poona, as part of a collaborative programme between the governments of India and the UK. This textbook has been prepared specifically to develop the communicative competence of commerce students. Some of the guiding principles of this textbook have been the use of language for achieving communication tasks, emphasising student initiative and interaction, making students aware of variation in language use, and concentrating on appropriacy and fluency.