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GLOBALIZATION (barriers & free trade (infant industries, strategic…
GLOBALIZATION
barriers & free trade
infant industries
strategic industries
open borders
deregulation
laissez-faire
protectionism
dumping
at below cost
economies scale
free ports
tariffs & quotas
restrictions on trade
negotiations
make concessions
win-win/win-lose situation
versatile (=universal)
counterpart = the other side
bargain = haggle
repackage the negotiations
manage conflict
self-discipline
build rapport
make suggestions
give smth in return
close the deal
foreign trade regulation
free trade
protectionism
trading bloc
single market
customs
custom duties
ways of entering foreign markets
exports
franchising
strategic alliance
joint venture
direct investment
paying methods
custom duties
shipping terms = incoterms
FINANCING
cash-in-advance
letter pf credit
open account (pays later in terms of contract)
documentary collection
consignment purchase (hold in stock)