1、D. Different in natural and economic conditionsThe major types of international businessA. Tradea. Commodity trade 商品贸易b. Service tradeB. Investmenta. Foreign direct investmentb. Portfolio investment 证券投资C. Other typesa. Licensing and franchising 许可经营和特许经营b. Management contract and contract manufact
2、uring 管理合同和承包生产c. Turnkey project and BOTTrade Terms:1. Customs area关税区:2. Conversion货币兑换3. Visible trade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 a
3、nd market, and counter trade)4. Invisible trade无形贸易: The form of transportation, communication, banking, insurance, consulting, information etc. is called invisible trade or service industries.5. FDI外国直接投资: Foreign direct investments. Returns through controlling the enterprises or assets invested in
4、 a host country. / P.256. One country acquires assets in a foreign country for the purpose of controlling and managing them.6. Portfolio investment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: The papers issued by a
5、government or a firm with promise to pay back the money lent or invested together with interest.9. Maturity(票据等)到期10. Certificate of deposit大额存单11. Licensing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 d
6、o not have to make cash payments to stat business, and can simply receive income in the form of royalty(许可费).12. Franchising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 technique
7、s for royalty.13. Trade Mark商标14. Patent专利15. Royalty专利(许可)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: A firm who provides the franchisee with trademarks, brand names, logos and operating techniques for royalty.20. Franchisee被特许方: A firm is allowed to operate in the name
8、of another.21. Management contract管理合同: 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”工程: For an international
9、 turnkey project, a firm signs a contract 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: Build, Operate, Transfer25. Expertise专门知识26. Bonus红利、奖金、津贴27. Royalty 许可使用费28. International i
10、nvestment国际投资: Supplying capital by residents of one country to another.29. Contract manufacturing承包生产30. GATT关贸总协定: General Agreement on Tariffs and Trade31. International business国际商务: Transaction between parties from different countries. Sometimes business across the borders of different customs
11、areas 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? Pl
12、ease 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 maj
13、or differences 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 tr
14、ade. Which is becoming more and more important and accounts for an increasing proportion in international trade? 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.
15、The later is become more and more important.3. Can you cite some examples to illustrate cultural differences in international business? Cultural differences including language, customs, traditions, religion, value, behavior etc.4. Please elaborate(详细说明) on the two categories (种类)of international investment. What is their major difference? FDI (Foreign direct investment) is made for re
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