acquisition | buying or taking over another company |
Joint venture | two or more companies joint temporarely to carry out a large project |
Consortium | a group of companies in similar business working together |
Franchising | giving someone the exclusive right to sell products in a certain area |
Licensing | selling the right to a manufacturer's trademark, usually in a foreign market |
Local partner | a person or company who cooperate with a foreign company who wishes to enter the market |
Subsidiary | a company partly or wholly owned by a parent company |
duall-career marriege | a marriage where both partners have careers |
niche | a market for an unusual product, or with unusual customers |
standarisation | when things are done the same way everywhere |
commitment | beliving in doing something in a particular way |
welfare benefits | money paid by the government to people in need, for example, the unemployed |
infrastructure | basic facilities and services of a country, for example water, power, roads |
issues | important subjects that people discuss |
profitability | the ability of a business to make money |
flight of capital | a movement of large sums of money out of country |