自考国际商务英语复习资料.docx

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自考国际商务英语复习资料

lesson1InternationalBusiness

1.Internationalbusiness国际贸易

Transactionbetweenpartiesfromdifferentcountries.Sometimesbusinessacrossthebordersofdifferentcustomsareasofthesamecountryisalsoregardedasimportandexport.

2.Visibletrade有形贸易

Theformofcommoditytrade.i.e.exportingandimportinggoodsproducedormanufacturedinonecountryforconsumptionorresaleinanother.

3.Invisibletrade无形贸易

Theformofservicetrade.i.e.transportation,communication,banking,insurance,consulting,informationetc.

4.Franchise特许

Anarrangementbywhichanmonopolyproducerorownergivesanotherpermissionfortheexclusiverighttomanufactureorselltheproductsinacertainarea.

Franchising特许经营

Aspecialformoflicensing.Afirm,calledthefranchisee,isallowedtooperateinthenameofanother,calledthefranchiserwhoprovidestheformerwithtrademarks,brandnames,logo,andoperatingtechniquesforroyalty.

5.Licensor给予许可的人Apersonoracompanygrantingalicence

Licensing许可经营/国际许可

Afirmleasetherighttouseitsintellectualpropertytoafirminanothercountry.Suchastrademarks,brandnames,patents,copyrightortechnology.

6.Non-tariffbarrier非关税壁垒

Allformsofman-madeobstructionstointernationaltradeotherthantariffs,includingprohibitionsandquotas,etc.

7.Portfolio证券

Theentirecollectionofinvestmentsintheformofstocks,bonds,orcertificateofdepositsforpurposesotherthancontrolling.

8.Turnkeycontract交钥匙工程

Oneinwhichoneofthepartiesagreetosupply,atthecontractprice,acompleteproductreadyforuse,suchasanewhome,factory,ship,etc.

9.Contractmanufacturing承包生产

Afirmcanconcentrateontheirstrongestpartinthevaluechain.

11.Majordifferencesbetweeninternationalbusinessanddomesticbusiness.

Ans:

Differencesin

(1)legalsystem

(2)currencies

(3)culturalbackground:

language,customs,traditions,religion,value,behavioretc.

(4)naturalandeconomicconditions

 

12.Majortypesofinternationalbusiness

Ans:

(1)trade:

A.commoditytradeB.servicetrade

(2)Investment:

(difference)

A.foreigndirectinvestment(FDI外国直接投资)

(ismadeforreturnsthroughcontrollingtheenterprisesorassetsinvestedininahostcountry.)

B.portfolioinvestment证券投资

(referstopurchasesofforeignfinancialassetsforapurposeotherthancontrolling.)

(3)othertypes:

A.licensing&franchising

(incomparisonwiththerelationbetweenthelicenserandlicensee,franchiser

hasmorecontroloverandprovidemoresupportforthefranchisee.)

B.managementcontract&contractmanufacturing

C.turnkeyproject&BOT(makingprofitfromoperatingtheprojectforaperiod)

13.Whydofirmschooselicensingasameansofenteringaforeignmarket?

Ans:

(1)donothavetomakecashpaymentstostartbusiness;

(2)receiveincomeintheformofroyalty;

(3)benefitfromlocationaladvantagesofforeignoperationwithoutanyobligationsinownershipormanagement.

14.Underwhatconditionismanagementcontractmostapplicable?

Ans:

Whenagovernmentforbidsforeignownershipincertainindustriesitconsidersto

beofstrategicimportancebutlackstheexpertiseforoperation.Aforeigncompany

tooperateintheindustrywithoutowningtheassets.

 

Lesson2IncomeLevelandtheWorldMarket

1.PPP购买力平价--purchasingpowerparity

Purchasingpower购买力ofpersons,thepublic,havingthemoneytobuygoodsandservices.

2.Recipient接受者apersonoranorganizationetc.thatreceivessomething.

3.Infrastructure基础设施

large-scalepublicservices,suchaswaterandpowersupplies,road,railandradiocommunications,etc.Neededtosupporteconomicactivity,esp.industry,tradeandcommerce.

4.GNP---refertothemarketvalueofgoodsandservicesproducedbythepropertyand

laborownedbytheresidentofaneconomy.(国民生产总值)

(focusesonownershipofthefactorsofproduction)

GDP---refertothemarketvalueofallgoodsandservicesproducedwithinthe

geographicareaofaneconomy.(国内生产总值)

(concentratesontheplacewhereproductiontakeplace)

 

5.CountriesoftheworldaredividedbytheWorldBankinto3categories:

(1)high-incomecountries(percapitaincomeof$9,386andabove):

A.OECD(theOrganizationforEconomicCooperationandDevelopment)

B.RichoilproducingcountriesoftheMiddleEast(Kuwait,SaudiArabia&ArabEmirates)

C.Small-industrializedcountriesorregions(Israel,Singapore,HKandTaiwan)

(2)middle-incomecountries(percapitaincomebellow$9,386butabove$765)

A.6OECDmembers(Czech,Greece,Hungary,MexicoandTurkey)

B.-a.SomeLatinAmericancountries

-b.SomeAsiacountries(China,Indonesia,Malaysia,thePhilippinesandThailand)

-c.SomeSouthAfricanandoil-producingcountries(Libya,Nigeria,Algeria)

(3)low-incomecountries(percapitaincomesofonly$765orevenless)

Include:

mostAfricancountries,someAsiacountriesandafewLatinAmericancountries.

6.High-incomecountriesoftenhave:

(1)goodinfrastructure

(2)highpurchasingpower(3)advancedtechnology

(4)efficientmanagement

(5)favorableenvironmentfortradeandinvestment

A.Offerprimemarketsforexpensiveconsumergoods

B.Arebothattractivesourcesanddestinationsofinvestment

7.Low-incomecountriesshouldnotbeneglectedininternationalbusinessactivities:

(1)lower-pricedstaplegoods

(2)cheaplabor

(3)areoftenrichinresources(4)marketissomethingtobedeveloped

8.Inwhatway,GDP&percapitaincomesignificantinassessing(评估)thepotentialofaparticularmarket:

(1)GDPisimportantinmarketassessmentfordurableequipment耐用设备orbulkgoods大宗货物,suchasgrain谷物,steel,orcement水泥.(indicatestheoverallsizeofaneconomy)

(2)Percapitaincomeisimportantwhenmarketingconsumerdurables.(revealstheaverageincomelevelofconsumers)

9.Chinawithapercapitaincomeofover$1,100isamiddle-incomecountries

thoughiswasalowincomecountriesjustafewyearsago.

10.ThebestpolicyforChinatodevelopbusinessopportunitiesis

whereveradvantageouswhilekeepinginmindthekeymarkets.

11.Triad---referstothe3richestregionoftheworld(theUnitedStates,theEUandJapan).

Quad---extendthescopeofTriadtoincludeCanadaandnamethebroadened

groupingQuad.

12.OECD(theOrganizationforEconomicCooperationandDevelopment)经济合作发展组织

headquartersinParis,establishedin1963,have29members(23membersarehigh-incomecountries&6middle-incomecountries).

Lesson3RegionalEconomicIntergration

1.Majorobjectiveofregionalintegration

Tobetterenjoythebenefitoffreeflowofgoods,services,capital,laborandotherresources,countrieshavesignedvariousagreementtoliberalizetradeamongthemselveswhileputtingupbarrierstoeconomicactivitieswithnon-members.

2.Thecharacteristicsofacommonmarket

(1)Freetradearea自由贸易区

membersofafreetraderemovesbarrierstotheflowofgoodsandservicesamongthemselveswhileeachmemberstilladoptsitsownpolicyasregardstotradewithoutsiders.(differentmembersmayhavedifferenttariffratesorquotarestrictions.)

Themostnotable(largestmarket)freetradeareaisNAFTA(theNorthAmericanFreeTradeAgreement),formedbytheUnitedStated,Canada,Mexicoin1991.

(2)Customsunion关税同盟

byadopting(采取)thesametradepolicyforallmemberstowardcountriesoutsidetheirorganizationinadditiontoabolishing(废除)tradebarriersamongthemselves.(It'simpossiblefornon-memberstogetintothemarketofthecustomsunioninadetour(以迂回方式)astheypossiblydointhecaseoftradewithafreetradearea.)

(3)Commonmarket共同市场

theEuropeanCommunityremainedacommonmarketforsomeyearsinthepast

A.Freemovementofgoodsandservices

B.Adoptionofcommonexternaltradepolicy

C.Freemovementofthefactorofproduction(suchaslabor,capital,andtechnology)

It'shardtosayindividualmemberswillalwaysbenefit,stilllesstoexpectthemtoenjoytheadvantageoffactormobilitytothesamedegree.

(4)Economicunion经济同盟

A.ischaracterizedbyintegrationofthedomesticpoliciesofitsmembersinrespectofeconomy,financeetc.inadditiontoabsenceoftradebarriers,practiceofcommonexternalpolicyandfreeproductionfactormobility.

(notonlytoharmonizetheirtaxation,governmentexpenditure,industrypolicies,etc.butalsousethesamecurrency.)

B.themembercountriesarerequiretosurrendersomeoftheirnationalsovereignty,whichiserodingthetraditionoftheworldpoliticalsystembasedontheautonomyandsupremepowerofsovereignstates.

3.ThedevelopmentofEU(theEuropeanUnion)欧盟:

1952---ECSC(theEuropeanCoalandSteelCommunity)

Formoreambitiousintegrationefforts.

1957---EEC(theEuropeanEconomicCommunity)---TreatyofRomesigned

Aimtorealizingthefreemovementofgoods,services,laborandcapitalaswellas

harmonizationofeconomicpoliciesofthemembercountries.

1967---EC(theEuropeancommunity)--becameaturecommonmarketasevisagedby

theSingleEuropeanAct

formedbyemrgingEEC,ECSCandEURATOM(theEuropeanAtomicEnergyCommunity)

1994---EU--thestrengthoftheMaastrichtTreaty---12members

(6signatoriesoftheTreatyofRome:

France,Germany,Italy,Belgium,NetherlandsandLuxemburg

+1973.Britain,IslandandDenmark+1981.Greece+1986.SpainandPortugal)

1995---15members(+Austria,FinlandandSweden)

1999---usethecommonEuropeancurrencyforaccountingandsettlement

2002---eurobanknotesandcoinwereputintocirculation.

 

4.TheEUisafull-fledged(齐全的)entity.

---composedof20commissionersoverseeing23departmentsinchargeofdifferentaffairs.

---thecommissionersappointedbymembergovernments,butthecommissionersarere

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