Expanding Abroad

Question 1

direct export

Answer 1

a company itself participates in the transaction

Question 2

indirect export

Answer 2

a company sells good to a local supplier which then integrates the product sold abroad

Question 3

franchising

Answer 3

a company makes its business format available to franchisees for a fee and a percentage of profit

Question 4

joint venture

Answer 4

a collaboration with a local partner aborad on the basis of complementary capabilities; both company invest in each other

Question 5

licensing

Answer 5

giving permission to perform activities developed uned a specific system in exchange for a licensing fee

Question 6

strategic alliance

Answer 6

two companies from two different countries work together; they are not investing in each other, they just work together and learn from each other

Question 7

Foreing Direct Investment (FDI)

Answer 7

you put 100% of your money in the investment; you have full ownership and control, but you also take the whole risk

Question 8

subsidiary

Answer 8

part of a bigger company, individual but not totally independent; it works in a different city (country) [filia]

Question 9

annually, biannually, fortnightly, quarterly

Answer 9

corocznie, co dwa lata, co dwa tygodnie, co kwartał

Question 10

to take over

Answer 10

przejąć (np. firmę)

Question 11

complacent

Answer 11

showing smug or uncritical satisfaction with your achievement

Question 12

to leverage

Answer 12

using something for your benefit

Question 13

expertise

Answer 13

professional knowledge

Question 14

synergy

Answer 14

a benefit for combining two things

Question 15

to supervise

Answer 15

nadzorować

Question 16

financial performance

Answer 16

wynik finansowy

Question 17

to realise cash

Answer 17

zdać sobie sprawę, że można zyskać pieniądze

Question 18

outlet

Answer 18

punkt sprzedaży / rynek zbytu

Question 19

local retailers

Answer 19

lokalni sprzedawcy detaliczni