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1、1International Business English Lesson 1 International BusinessBusiness Knowledge:The major differences between international business and domestic businessA.Differences in legal systemsB.Differences in currenciesC.Differences in cultural backgroundD.Different in natural and economic conditionsThe m
2、ajor types of international businessA. Tradea. Commodity tradeb. Service tradeB. Investmenta. Foreign direct investmentb. Portfolio investmentC. Other typesa.Licensing and franchisingb.Management contract and contract manufacturingc.Turnkey project and BOTTrade Terms:1.Customs area 关税区:2.Conversion
3、货币兑换3.Visible trade 有形贸易有形贸易: The form of commodity trade, i.e. exporting and importing goods produced or manufactured in one country for consumption or resale in another. (including cash transaction-by means of money and market, and counter trade)4.Invisible trade 无形贸易无形贸易: The form of transportati
4、on, communication, banking, insurance, consulting, information etc. is called invisible trade or service industries.5.FDI 外国直接投资外国直接投资: Foreign direct investments. Returns through controlling the enterprises or assets invested in a host country. / P.256. One country acquires assets in a foreign coun
5、try for the purpose of controlling and managing them.6.Portfolio investment 证券投资证券投资: Purchases of foreign financial assets for a purpose other than controlling.7.Stocks 股票: Capital stocks or bonds.8.Bonds 债券债券: The papers issued by a government or a firm with promise to pay back the money lent or i
6、nvested together with interest.9.Maturity（票据等）到期10. Certificate of deposit 大额存单11. Licensing 许可经营许可经营: In licensing, a firm leases the right to use its intellectual property to a firm in another country. They choose licensing because they do not have to make cash payments to stat business, and can s
7、imply receive income in the form of royalty.12. Franchising 特许经营特许经营: Under franchising, franchisee is allowed to operate in the name of another, franchiser who provides the former with trademarks, brand names, logos and operating techniques for royalty.13. Trade Mark 商标14. Patent 专利15. Royalty 专利（许
8、可）使用费，版税16. Copyright 版权17. Licenser 许可方18. Licensee 被许可方 19. Franchiser 特许方特许方: A firm who provides the franchisee with trademarks, brand names, logos and operating techniques for royalty.20. Franchisee 被特许方被特许方: A firm is allowed to operate in the name of another.21. Management contract 管理合同管理合同:
9、Under a management contract, one company offers managerial or other specialized services to another within a particular period for a flat payment or a percentage of the relevant business volume.22. Value chain 价值链23. Turnkey project“交钥匙交钥匙”工程工程: For an international turnkey project, a firm signs a c
10、ontract with a foreign purchaser and undertakes all the designing, contracting and facility equipping before handing it over to the latter upon completion.24. BOT 建设、经营和移交建设、经营和移交: Build, Operate, Transfer25. Expertise 专门知识226. Bonus 红利、奖金、津贴27. Royalty 许可使用费28. International investment 国际投资国际投资: Su
11、pplying capital by residents of one country to another.29. Contract manufacturing 承包生产30. GATT 关贸总协定关贸总协定: General Agreement on Tariffs and Trade31. International business 国际商务国际商务: Transaction between parties from different countries. Sometimes business across the borders of different customs areas
12、 of the same country is also regarded as import and export.32. Intellectual property 知识产权33. Oil deposit: 石油储备 = oil reserves34. the reserves of natural resources 自然资源储备35. Personal advancement 个人的晋升，个人素质的提高以及个人事业的进步等。Answer the following questions:1.What does international business refer to? Please
13、 tell the difference between international business and domestic business.A: International business refers to transaction between parties from different countries. Sometimes business across the borders of different customs areas of the same country is also regarded as import and export.Some major di
14、fferences between international business and domestic business is following:(1)Differences in legal systems(2)Differences in currencies(3)Differences in cultural background(4)Different in natural and economic conditions2.Please explain the differences between visible trade and invisible trade. Which
15、 is becoming more and more important and accounts for an increasing proportion in international trade?A: Visible trade is the form of commodity trade. The form of transportation, communication, banking, insurance, consulting, information etc. is called invisible trade or service industries. The late
16、r is become more and more important.3.Can you cite some examples to illustrate cultural differences in international business?A: Cultural differences including language, customs, traditions, religion, value, behavior etc.4.Please elaborate on the two categories of international investment. What is their major difference?A: FDI (Foreign direct investment) is made for returns through controlling the enterprises or assets invested in in a host country. Portfolio investment refers to purchases
