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Question		Answer
Inward investment start learning		inwestycje wewnętrzne
Emerging market start learning		New and increasing demand or consumer purchasing activity
recovery start learning		upswing
growth start learning		expansion/boom
Recession start learning		contraction/ downturn
depression start learning		slump
Gross domestic product start learning		PKB
Outsource start learning		subcontract
Foreign subsidiaries start learning		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 start learning		a partnership in which two or more companies (often from different countries)
Cut red tape start learning		cut bureaucracy
Tariffs start learning		taxes
Quotas start learning		limits
Trade surplus start learning		positive balance of trade
Trade deficit start learning		negative balance of trade
Balance of payments start learning		it includes imports and exports of goods
Exchange rates start learning		currencies
Strategic alliance start learning		a long term partnership might be between two companies of very different sizes such as a large manufacturer and one of its suppliers
Subsidiary start learning		a company owned by the parent company or holding company
Competitors merge start learning		join together
Subsidy start learning		money paid by a government to support a business
Recovery start learning		upswing
Growth start learning		expansion/ boom
recession start learning		contraction
Downturn start learning		slowdown
Depression start learning		slump
royalty start learning		a company gives the right to manufacture its product to a foreign company for a fee
License start learning		A legal document giving official permission to do something; a permit
franchising start learning		it is usually used for a small business in the retail the name and brand image is always retained
Outsourcing start learning		an international company uses a low- cost manufacturer in another country and then sells the products under its own brand name in other markets

Unit 2 Business SGH Angielski

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