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1、Unit 1A brief introduction to international trade KeyI. Answer my questions1. International trade is business whose activities involve the crossing of national borders. It includes not only international trade and foreign manufacturing but also encompasses the growing services industry in areas such
2、 as transportation, tourism, banking, advertising, construction, retailing, wholesaling, and mass communications. It includes all business transactions that involve two or more countries. Such business relationship may be private or governmental.2. Sales expansion, resource acquisition and diversifi
3、cation of sales and supplies.3. To gain profit.4. To seek out foreign markets and procurement.5. There are four major forms as follows: Merchandise exports and Imports, Service Exports andImports, Investment, and Multinational Enterprise.6. It is the account which is a summary statement of the flow
4、of all international economic and financial transactions between one nation (eg.the United States ) and the rest of the world over some period of time, usually one year.7. Merchandise Exporting and Importing.8. Yes.There are great differences between them.1) direct investment takes place when contro
5、l follows the investment. It usually means high commitment of capital, personnel, and technology abroad. It aims at gaining of foreign resources and foreign markets. Direct investment may often get higher foreign sales than exporting. And sometimes it involves two or more parties.2) While portfolio
6、investments are not under control. And they are used primarily for financial purposes. Treasures of companies, for example, routinely more funds from one country to another to get a higher yield on short term investments.9. MNE is the abbreviation of the multinational enterprise. Its synonyms are NN
7、C (the multinational corporation) and TNC (transnational corporation).10. Examples are travel, transport, fee, royalties, dividends and interest.11. The choice of formsis influenced by the objective being pursued and the environments in which the company must operate.12. It is limited by the number
8、of people interested in a firms products and services and by customers capacity to make purchase.一三. This is because at an early stage of international involvement these operations usually take the least commitment and least risk of a firms resources.14. Royalties means the payment for use of assets
9、 from abroad, such as for trademarks patens, xs, or other expertise under contract known as licencing agreements.Royalties are also paid franchising.一五. It is a way of doing business in which one party (the franchiser) the use of a trademark that is an essential asset for the franchisers business.II
10、 Match each one on the left with its correct meaning on the right1. J 2.A 3.E 4.B 5.C 6.D 7.I 8.G 9.F 10.HIII Translate the following terms and phrases into Chinese1 购买力 11 经济复苏;恢复2 潜在销售量 12 经济衰退3 加价,涨价一三间接投资4 国内市场 14 有形货物5 制成品一五有形进出口6 边际利润 16 收入及支出;岁入及岁出7 市场占有率 17 超额能力8 贸易歧视一八贸易中间人(商);经纪人9 时机选择 19
11、全部包建的工程承包方式10 经销周期 20 许可证协定IV Case Study1 Answer:Batteries called white elephant exported from China were very popular in Southeast Asia,because white elephant was a lucky thing in Southeast Asia, but no one was interested in it in the market of Europe and the United States. The boss of the company
12、was very strange that the quality of the battery or the price of reasons,so he asked his staff to investigate.Finally he found that is the brand white elephant to be blame.The brands name translated into English was white elephant which meant something were no use butcumbersome in Western countries.
13、It was really a bad translation from culture information perspective.The meaning derived from a legend.According to the legend,there was a king who hated a minister,so he gave a white elephant to the minister for punishment.The minister has to take care of the white elephant,he couldnt give it to ot
14、hers or kill it because its the king gave it to him. However,the appetite of the white elephant was so great,and the minister became poorer.So it showed people in western countries would not buy the battery for the consumers have no willing to buy something useless but cumbersome.V. OpenVI.Translate
15、 the following into English1. Trade is often the engine of growth. However oversimplified this metaphor may be, it does serve to underline the importance of foreign trade in the process of growth. A healthy expansion of exports may not always be sufficient condition forrapid and sustained growth, bu
16、t a strong positive association between the twois clearly undeniable. Trade expansion contributes to economic growth in many ways. Among them are the benefits of specialization; the favorable effects of international competition on domestic economic efficiency; the increased capacity to pay for the
17、imports required in development and more generally the stimulus to investment.2. International trade is the exchange of goods and services produced in one country for goods and services produced in another country. In addition to visible trade, which involves the import and export of goods and merch
18、andise, there is also invisible trade, which involves the exchange of services between nations. Nations such as Greece and Norway have large maritime fleets and provide transportation service. This is a kind of invisible trade. Invisible trade can be as important to some nations as the export of raw
19、 materials or commodities is to others. In both cases, the nations earn the money to buy necessities.3. There exist different ways of conductinginternational business. Exclusive sale means the seller gives the overseas client the exclusive right of selling aparticular product in a designated area wi
20、thin a specified period of time. In this kind of business transaction, the product is bought by the exclusive seller and therefore he should sell the product by himself, assuming sole responsibilities for his profit and loss. Exclusive sale is different from agency where only commission is involved. And difference exists between general contract and exclusive sales because the exclusive seller enjoys exclusive
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