→ Business Handbook-unit 2- Globalization → Start Learning / Download MP3 Flashcards

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Question		Answer
main drivers of globalization start learning		cost factors, technology factors, market factors, global business cycle
the BRICs start learning		Brazil Russia India China
łańcuch dostaw start learning		supply chain
company strategy in the face of globalization start learning		import/export, outsourcing, foreign direct investment
outsourcing start learning		subcontract
subsidiary start learning		overseas division
tariffs start learning		taxes on imports
quotas start learning		limits on imports
balance of trade start learning		difference between a nation's imports and exports
nadwyżka handlowa start learning		trade surplus
deficyt handlowy start learning		trade deficit
balance of payments start learning		balance of trade plus service and investments
WTO start learning		World Trade Organization - works towards reducing tariffs and quotas
IMF start learning		International Monetary Fund - makes short-term loans to countries that cannot pay debts
World Bank start learning		lends money to developing countries, particularly for infrastructure projects
subsidiary start learning		company owned by another company
subsidy start learning		money paid by government to support a business
recovery start learning		upswing, upturn
growth start learning		boom, expansion
recession start learning		contraction, downturn, slowdown
depression start learning		slump
inwestycja zagraniczna start learning		inward investment
licensing start learning		a company gives the right to manufacture its product to a foreign company for a fee= royalty
joint venture start learning		a partnership in which two or more companies join to undertake a major project or start a business activity
strategic alliance start learning		a long-term partnership similar to joint venture, but it may be between two companies of very different sizes, such as large manufacturer and one of its suppliers

Business Handbook-unit 2- globalization

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