1 Fill in the missing letters. It is dangerous for a company to stand aside while competitors m……….. e (= join together), form j……………..t v……………….es, or create overseas divisions.
A 'sub……………y' (= company owned by another company) is not the same as a 'sub………….y' (= money paid by a government to support a business).
3 A less formal synonym for 'bureaucracy' is 'r…….t………'.
4 A technical word for taxes on imported goods is 'ta…………….s'. A word for limits on the quantity of goods that can be imported is 'qu…………….s'.
'The euro against the dollar' (€/$) is currently 1.28. 'The dollar against the yen' ($/¥) is currently 115. These are examples of 'ex……………ge r…………s'.
If a currency falls in value, domestic a…………….ts are cheaper for foreigners to buy.
2 Make collocations using one item from each box. Then use the collocations to complete the sentences.
competitive contractual deeper inward mobile trade trading
National governments encourage ……………. …………… because it brings benefits such as the creation of jobs, skills development and technology transfer.
Low labour and manufacturing costs are a major ……………. ……………….in the global market.
Import / export is low-risk, but has a low profit potential. If a company wants a ……………… ………………… in the global market they will look at outsourcing.
Outsourcing involves a long-term …………….. ……….… with a low-cost provider of goods or services.
5 ………………. …………………. make it easy for managers to stay in touch with colleagues and Head Office.
6 If a country exports more to its ……………………… ………………………. than it imports, it has a ……………………… …………………….. (= positive balance of trade).
