Unit 2 Business SGH Angielski

Inward investment

inwestycje wewnętrzne

Emerging market

New and increasing demand or consumer purchasing activity

recovery

upswing

growth

expansion/boom

Recession

contraction/ downturn

depression

slump

Gross domestic product

PKB

Outsource

subcontract

Foreign subsidiaries

a parent company directly owns a company in another country. Business operations are under the control of local management although head office is responsible for global strategy

Joint ventures

a partnership in which two or more companies (often from different countries)

Cut red tape

cut bureaucracy

Tariffs

taxes

Quotas

limits

Trade surplus

positive balance of trade

Trade deficit

negative balance of trade

Balance of payments

it includes imports and exports of goods

Exchange rates

currencies

Strategic alliance

a long term partnership might be between two companies of very different sizes such as a large manufacturer and one of its suppliers

Subsidiary

a company owned by the parent company or holding company

Competitors merge

join together

Subsidy

money paid by a government to support a business

Recovery

upswing

Growth

expansion/ boom

recession

contraction

Downturn

slowdown

Depression

slump

royalty

a company gives the right to manufacture its product to a foreign company for a fee

License

A legal document giving official permission to do something; a permit

franchising

it is usually used for a small business in the retail the name and brand image is always retained

Outsourcing

an international company uses a low- cost manufacturer in another country and then sells the products under its own brand name in other markets