International Markets
Key Vocabulary
Ways of expanding internationally:
Setting up a sales subsidiary
Finding a distributor (check the pronunciation - which syllable is stressed?)
Buying a local company
Verbs/phrasal verbs
To work out a deal (negotiate)
To work out a problem (resolve)
To buy up something (completely)
To buy out a business partner
To move into a new maket = to enter a new market
To enter into a contract/agreement
False friends
Argument: (i) a verbal disagreement, (ii) the point of view expressed in an article or essay.
Topic: the subject of a discussion, article or essay.
Homework
Revise today's vocabulary and discussion points (e.g. The role of trade fairs, chambers of commerce, trade delegations, embassies, subsidiaries, distributors in international trade) as this will be useful for next week's listening activities.
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