5

Question 1

Specification

Answer 1

technical opportunities of the product

Question 2

Invoice

Answer 2

the document, provides the info about goods exchanged between the exporter and the importer/ it’s a proof of purchase, informing the buyer that the goods have been sent , invoice includes description of the goods, quantity supplied and their price

Question 3

Protectionism

Answer 3

government policy of favoring of domestic products or imposing trade barriers in order to restrict imports

Question 4

Outsourcing

Answer 4

. Recruitment of people for a short period of time and for permanent employment (not at crucial posts)

Question 5

Shareholders

Answer 5

people who provides capital

Question 6

Early retirement

Answer 6

– leaving the job before getting old enough for it 

Question 7

References

Answer 7

– recommendations from highly – regarded people

Question 8

Front-and-fee

Answer 8

payment for purchase of franchise

Question 9

Export/Import

Answer 9

send goods to another country/bring in goods from another country

Question 10

Fringe benefits

Answer 10

Some bonuses given at the work (not money) – life insurance, medical coverage, profit sharing plans and pension plans.

Question 11

Balance of trade

Answer 11

– ratio of the value of the goods exported and imported at the same period of time

Question 12

Intangible qualities

Answer 12

qualities that should be revealed

Question 13

Personnel department

Answer 13

the department which manages affaires of the staff – finding and screening new employees, keeping employee records and running training, recreation and education programs, managing employee fringe benefits.

Question 14

Dumping

Answer 14

the situation, where exported goods are sold at less than in the home market, or for less than they cost to produce, usually in order to gain market share in the export market.

Question 15

Franshise fee

Answer 15

– front and fee - payment for purchase of franchise