3 Flashcards
Freight
Freight is the movement of goods by lorries, trains, ships, or aeroplanes
Letter of credit
a letter issued by a bank to another bank (especially one in a different country) to serve as a guarantee for payments made to a specified person under specified conditions
Trouble shooters
people who solve the problems, when the company goes through the difficult times.
Refurbishment
– bringing the premises in order before Great Opening – renovation.
Gross margin
a difference between revenue and the production cost or providing a service.
A mark-up
an increase of the product’s price because of additional production costs or its exclusive specifications or qualities.
Perks
benefits.
Staff turnover
– the speed of the replacement of the staff.
Federal return
tax form – the sum of money you should pay to the tax authority.
Ex-works
– one of the 4 types of incoterms, E term. It means that all the costs covered by the seller.
Trademark
originally designed special distinguishing mark of commercial enterprise, company, which they may place on the selling goods made by order of the firm.
Working capital
start-up capital – the sum of money you should estimate to start the business.
Laisser-faire
deregulation
Customer duties
taxes for imported goods.
The red tape - bureaucracy
an organization of non-elected officials of a government or organization who implement the rules, laws, and functions of their institution.
