ex1

• Company


  Legal entity formed by a group of individuals to engage in and operate a business
• Competition


  the contest between businesses to win customers
• Environment


  The sum of all external and internal factors that influence a business
• Gap


  An area that business don't currently serve, but that there is customer demand for
• Opportunity


  a chance to do something
• Poverty

  the state of being poor
• Price


  The amount of money exchanged for a good or service
• Standards


  Define how the company act which in turn builds trust in the brand
• Unemployment


  the state of not having a job
• Worker


  someone who works for a company or organization but does not have a powerful position
• Self-sustaining


  able to corporate independently, without help from others
• Absolut advantage


  the ability to produce more of a good or service than competitors, using the same amount of resources
• Competitive advantage


  Anything that gives a company advantage over its competitors
• Find an easy market

  Sector with relatively low competition, high demand, low entry barriers, making it simpler for a the company to achieve goals
• International exchange of goods

  Import, export between countries
• Economic growth

  an increase in the production of goods and services in an economy
• long term agreement


  An agreement between two parties that last for an extended period of time
• Economic ties


  Interconnected, relationships and interactions between different entities
• Cooperate closely

  To work together in a tighty coordinated manner
• Free flow of products

  The exchange of goods without any restrictions or tariffs
• Labour


  Workforce or human resources engaged in different activities to produce goods or services
• Capital


  All types of financial resources available to a company (assets, investments)
• Promote free trade


  To promote exchange of goals and services between countries, without restrictions, tariffs, trade barriers
• Employment opportunities


  Job availabilities in different locations.
• Unemployment rate


  the percentage of the labor force that is unemployed
• Creation of new jobs

  Process of generating additional employment opportunities
• Efficiency of production

  Ability of a company to maximise output while minimise input
• Improve living standards


  Efforts made by business to improve the quality of life, for the society, by increasing their access to essential goods and services
• Aid-and-trade agreements


  Helping less developed countries to promote growth and reduce poverty
• Terms and conditions of trade

  Specific rules that must be followed by parties engaged in trade
• Bilateral level


  Involvement of two sides
• Subsidiary


  Companies controlled by another company
• Parent company


  A company that controls or owns another company
• Branches


  One of the offices, shops which belong to company and which are located in different places
• Plants


  Factory or workshop for the production of a particular product
• Factories


  Plants, industrial facilities where goods are produced
• Order Winners


  Company with competitive advantage
• low-cost country


  Countries were production costs are relatively lower compared to others regions
• Outsourcing

  Subcontracting
• Trade Organizations


  Company which negotiate trade agreements