Documente Academic
Documente Profesional
Documente Cultură
K
H
L
D
G
6. A
7. F
8. B
9. E
10. M
National
Commodites
Balance of trade
Balance of trade
Barter or countertrade
Protectionism
7. Factors of production
8. Climate
9. Divison off labour
10. Economies of scale
11. Quotas tariffs
12. Tariffs
Barriers
Autarky
Dumping
Merchandise
Advantage
6.
7.
8.
9.
Norms
Barter
Debt
Substitute
Ex3.
1. Trade
2. Components
3. Containerships
4. Fares
Ex4.
4.1:
1. I
3. E
2. F
4.D
4.2:
1. T
4. T
2. NG
5. NG
3. F
time
Limit down
4. The project is viable when reliable access to outside financing is available. Nonviable project is the project where expected rate of return is likely to be lower than
5.
6.
7.
8.
5.
6.
7.
8.
the intervention points to within 2.25% of the pur value of the currencies
9. Forex market takes place between banks , customers and middlemen by a system
of telephone of telex communication
10. Acting for a client (customer) vis a vis the bank
11. Tourists, investors, exporters, importer, governments
12. Spot transaciton in a transaction when currency is bought or sold today with
delivery two business days later eg: a French father transfer money to his son in
New York. Forwarding Transaction means buying or selling a currency in the
future with payment and delivery at that future date
Eg:
Japanese exporters on Toyota cars to the US from the SC that they will receive a
specified US dollar amount in 6 months
13. 2 days later a sufficient time to consumate the transaction
14. Couples of month later on the date of contract
15. Offeeting contract
16. Long open positon is when a tracker buy currency forward without selling it
forward at the same time. Short open position: is when a trader sell currency
forward at the same time
17. A bird is the price dealers will pay to accquire pounds (buying) while an offer is
the price they will sell the pounds for (sell price)
18. Arbitrage is the practice of tranfering funds from one currency to another to
benerfit from rate diffentials no because
19. If Internet rates in England are 2 % higher than in the US money market and a US
investor would dowell to change USD into pounds sterling at the English interest
rate In present of foreign exchange regulation
Review
1.
2.
3.
4.
5.
Goods
Gold
Fixed
Floating
Arbitrage
1.
2.
3.
4.
C
A, D, G
E, F
B
Vocabulary tasks
1. B
2. F
3. J
4. G
5. A
6. E
7. C
8. D
9. H
10. I
Word search
1.
2.
3.
4.
Undertaking
Consignment
Intermediary
Maturity
Draw
Forwards
Dispatches
Present
Accepts releases
Dishonours
Remit
Further discussion
1. They are: non-delivery, late delivery, failure to receive goods, faulty goods
Good methods for importer is Open Account because they can pay after receive
goods in good quality and no faults.
2. This is an undertaking issued by a bank to the exporter through the exporters bank
to pay for the goods, provided that exporter complies fully with the conditions
established at the documentary credit.
Reading 2
Part 1: The correct order of the steps is: 4 1 3 2
Part 2: The correct order of the steps is: 7 10 9 8 6 5
UNIT 5: MARKETING
Ex1:
1.
2.
3.
4.
5.
a
i
f
h
d
6. j
7. e
8. b
9. c
10. g
Ex2:
Product
Price
Promotion
Place
Ex3:
1.
2.
3.
4.
f
h
a
c
5.
6.
7.
8.
e
g
d
b
Ex4:
i: 5
m: 8
j: 2
n: 6
k:4
o: 3
l:1
p:7
Ex5:
1.
2.
3.
4.
Making a loss
Early adopters
Similar offerings
Advertising budgets
5.
6.
7.
8.
Differentate products
Reaches saturation
Consumer tastes
Withdrawn from the market
Ex6:
1. Boston Matrix is useful for a company to analysis how succesful a range of its
products or services are by looking at the percentage of sales it has in the market
share and how fast the sales are growing
2. Star products are products that have both eargest market share and highest market
growht. Some potential products to name are Smartphones, laptops
UNIT 6: TRANSPORTATION
Vocabulary extension
1.
2.
3.
4.
5.
5.
6.
7.
8.
a forklift, pallet jack, front loader, work saver or other jacking device.
9. Hooks are designed for grabbing and lifting loads by means of a device such as
a hoist or crane.
10. Refrigerated vessels are equipped to carry special goods that needs freezing.
11. Fork-lift trucks are developed for lifting and transporting materials.
12. Barges are designed for carrying cargo form internal points to big vessels in
deepwater ocean ports.
Language focus revision
Language drill
Order of adjectives
1.
2.
3.
4.
5.
large.
2500 day old chicks should be transported by cargo ship.
50 air-conditioning units should be delivered by plane.
Materials for training course might be transported by ship.
1200T beef should be transferred by plane.
3 diesel locomotives should be transferred by Ra-Ra ship and then by rail.
2 kg platinum should be transported by plane.
Language focus
Oral activity
It is Owendo
It linked the Atlantic port of Owendo with Franceville.
After August 1987.
311km has been laid.
This is one of the very few tracks in Africa to be built to standard gauge.
It is near the port.
It represents the distance between the inside edges of the rails.
Local raw materials such as oil, uranium and manganese will be carried on this.
These are: opening up the eastern part of the country, encouraging settlements
Language focus
1. The economy of Gabon will go up because the new line allows more transport thus
increasing revenue quickly.
2. The speed of inland transport will be improved considerably as the rail enables
standard transport and encourages more train voyages.
3. The road transport business will be more convenient and profitable since the goods
could travel more quickly and easily.
4. The eastern part of Gabon will be granted access to close relationship with the
capital thanks to the new railway.
5. The extended track will encourage more people to settle down and live in Gabon.
6. Standard line makes it easier for raw material to be transported.
7. More businesses will be engaged thanks to the new railway as it allows regular
transport trips.
8. The packaging of goods has no change.
9. Transshipping goods at Booue will be better because the new line saves labour and
makes it easier to proceed.
Report
1. Set up
2. Incentives
3. Employ
4. Prosperity
5. Attitude
6. Dominate
7. Bring out
8. Investors
9. Equity
10. Train
11. Levels
Find appropriate words to fill the blank
1. Subsidiaries
2. Agents
3. Tariffs
4. Quotas
5. Economic
6. Boost
7. Joint
8. Venture
9. Share
10. Registered
11. Guides
12. Legally
13. Effective
14. L.khf
1. Enterprising
2. Differentiate
3. Basically
4. Tense
5. Threat
6. Richness
7. Marketable
8. Worrying
9. Indecisive
10. Remotely
11. Intrusive
12. Involvement
13. Strategic
Before you read
1. There should be cars to suit the tastes of different markets, as it would be easier to
process marketing and sales to particular customers.
2. I think strong central control of international operations is better for an
international company, because it needs a uniform way of working and processing
all over the world to ensure profit and efficiency.
Understanding the main points
1. Applying the statement
a. Honda
b. Ford
c. Honda
d. Honda
e. Ford
f. Honda
g. Honda
h. Ford
i. Honda
2. To exploit the perceived strengths of other rivals.
3. Ford became more centralized, replacing old functional departments with new
multi-disciplinary product teams. Honda became more decentralized, having the
glocalization strategy a global strategy with local management.
How the text is organized
a.
b.
c.
d.
e.
f.
g.
h.
i.
j.
Paragraph 8
Paragraph 3
Paragraph 5
Paragraph 10
Paragraph 7
Paragraph 2
Paragraph 4
Paragraph 1
Paragraph 6
Paragraph 9
Synonyms
1. Parent.
2. Designing, engineering and building cars.
3. Vehicles.
Word search
1.
2.
3.
4.
5.
6.
7.
8.
Scale.
Production unit.
Individual.
Requirements.
Chairman.
Comprise.
Self-sufficient.
Output.
Comprises.
Individuals.
Chairman.
Output.
Requirements.
Scale.
Production units.
4.
5.
6.
7.
Firmly.
Simultaneously.
Increasingly.
Such a high proportion.
D
E
B
A
C
Understanding details
1.
2.
3.
4.
5.
6.
7.
8.
9.
Diversify
Stock
Benefits from economies of scale
Fee
Customer
Optimum
Synergy
Raider
Conglomerate
10. Asset-stripping
Exercise 1
a.
b.
c.
d.
1. Because I fear that they will have home-team advantages or local bias.
2. They are: construction, shipping and commodities.
3. 3 arbitrators will be selected to form a neutral forum, with one chosen by each
party and the third chosen either by the parties or the appointed arbitrators.
4. Arbitration takes place privately, while litigation publicly.
5. Stockholm, Longdon, Singapore,
6. Stockholm.
7. ???
8. They look for speed, cost effectiveness, confidentiality and reliability.
9. Accountants and engineers.
10. No.
Understanding details
1.
2.
3.
4.
5.
6.
7.
8.
F
T
T
T
T
T
T
F
Exercise 1
1. D
2. H
3. C
4. F
5. A
6. K
7. I
8. B
9. G
10. J
11. L
12. E
Exercise 2
1. Resolve.
2. Arbitrator.
3. Arbitration.
4. Delaying tactics.
5. Arbitrate.
6. Dispute.
7. Settle.
8. Disagree.
9. Resolution.
10. Agree.
Exercise 3
1. Signatories.
2. Plaintiff defendant.
3. Buyer seller.
4. Borrower lender.
5. Wholesaler retailer.
6. Lawyer client.
7. Licensee licensor.
8. Franchiser franchisee.
9. Undersigned.
10. Parties to the agreement.
Exercise 4
The company has obligation to fulfill the order as the price quoted on the website,
mistaken or not, had been the price at that time. However, it can have a private agreement
with the customer to negotiate the price again. If the company refuses to sell, customers
can take it to the court of litigation or board of arbitration.
Exercise 5
1.
2.
3.
4.
5.
6.
7.
8.
Adjudication.
Arbitration.
Dispute.
Hearing.
Needs.
Arbitrator expert.
Expensive.
Duration.