Present Perfect in Business Reporting
B1-B2 Level
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Time expressions often show why the present perfect is needed. Use it with unfinished periods such as this quarter, this year, and this financial year. Use since for the starting point of a continuing situation and for for the duration. Already highlights completed results, while yet is common in negatives and questions. For completed past times such as last year or in March, the past simple is usually the better reporting choice because the period is closed.
Quick Rule
subject + has/have + past participle + unfinished time/result marker
- 1.Revenue has increased by 12% this quarter.
- 2.We have opened two new offices this year.
- 3.The supplier has not delivered the materials yet.
- 4.Customer complaints have fallen since we launched the new support system.
- 5.The board has approved the budget for the next financial year.
All 20 questions
Complete the business sentences using the present perfect tense. Use the verb in brackets to form the correct answer.
Revenue _____ (increase) by 12% this quarter.
Complete the quarterly update.
The team _____ (complete) the first phase of the project.
Complete the project update.
We _____ (open) two new offices this year.
Complete the company announcement.
Our sales team _____ (exceed) the monthly target.
Complete the sales report update.
Customer complaints _____ (fall) since we launched the new support system.
Complete the operations update.
The company _____ (hire) fifteen new engineers this year.
Complete the HR update.
The development team _____ (release) three product updates since January.
Complete the product update.
Operating costs _____ (rise) by 8% compared to last year.
Complete the finance report.
The marketing department _____ (spend) most of its annual budget already.
Complete the progress report.
We _____ (sign) an agreement with three suppliers this quarter.
Complete the partnership announcement.
The company _____ (invest) heavily in new software this financial year.
Complete the technology update.
Profits _____ (not/recover) since the market downturn last year.
Complete the negative update.
The supplier _____ (not/deliver) the materials we ordered two weeks ago.
Complete the negative update.
The team _____ (not/meet) its targets for the past two months.
Complete the performance review.
Our company _____ (expand) into three new markets since the restructuring.
Complete the business development update.
We _____ (send) the revised proposal to the client, but we are still waiting for feedback.
Complete the client update.
The board _____ (approve) the budget for the next financial year.
Complete the annual results statement.
Customer satisfaction scores _____ (improve) significantly since we changed our service process.
Complete the customer satisfaction update.
The company _____ (grow) its market share from 12% to 18% over the past three years.
Complete the financial summary.
Since the merger, the combined business _____ (become) the market leader in its sector.
Complete the strategic review statement.
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