6

Question 1

Quota

Answer 1

– the maximum quantity of a product allowed into a country during a certain period of time

Question 2

Visible/invisible import/export

Answer 2

physical goods/services

Question 3

Utility deposit

Answer 3

a sum of money, which you pay when you start to rent premises

Question 4

. GATT

Answer 4

General Agreement on Tariffs and Trade.

Strategic / infant industry – strategic interests of the country/developing branch of industry

Question 5

Bill of lading

Answer 5

the consignment note that shows the goods have been shipped. Clean - without damage or other problems, dirty – with some problems.

Question 6

Advertising levy

Answer 6

advertising fee paid by the franshisee to cover marketing.

Question 7

Cover letter

Answer 7

the CV - the letter to accompany the letter of application.

Question 8

Trade deficit/ surplus

Answer 8

when export < import, when import<export

Question 9

End-of-line equipment

Answer 9

goods whic should be loaded off before thenw models appearBill of lading – конусаймент (накладная) the list of goods which s have been shipped (clean – without damage or other problems)

Question 10

The invoice

Answer 10

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 Bill from the vendor or supplier

Question 11

Joint venture -

Answer 11

a business activity in which two or more companies have invested together to carry out a large project (usually on of the companies is a foreign one)