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