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Chapter1InternationalBusinessEnglish

Objectives
Studentswillbeableto:
(business,international
business,thescopeofinternationalbusinessactivities,internationalrisk,international
businesslaw,commercialcredit,managementofinternationalbusinessandbrief
introductiontoWTO);
(economicsurplus,
portfolio,parentcompany,turnkeyproject,collection,weightmemo,T/T,D/D,etc.);
,listening,speakingandwritingactivitiesrelatedtothe
themeoftheunit;
.
Timeallotment
1stperiodpre-readingactivities(familiarizingnewwords,warming-upquestions
andbackgroundinformation)
2ndperiodwhilereading(highlightsofthetext)
3rdperiodhighlightsofthetext
4thperiodafter-readingactivities
ILTeachingMethod(s)


,teacherasksquestionswithdetailedexplanationor
:.

-profitorthemoneythatremainsafteralltheexpensesarepaid.
-thelistofsharesinbusinessownedbyapersonoracompany;holdings
intheformofstocks,bondsorothersecurities.
-holdingcompany.
-aprojectundertakenbyacontractor.
-takingaway(property)ordispossessing(,etc.).
-obtainingpaymentofadebt,,cheque,etc.
-abankthathasregularbusinesswithanotherbankor
companyinadistanceplace().
-adocumentissuedbytheinsurer,settingouttheexacttermsand
conditionsofaninsurancetransaction.
-asimplifiedinsurancepolicy.
(note)4anotemadeoutbyasellerandusedtoindicatethenetand
grossweightsofeachpackage.

Pre-readingtasks
Warming-upquestions
?
?
?
Contents
?
8Traditionally,exchangeortradeforthingspeoplewantedorneeded
8Technically,theproduction,distribution,andsaleofgoodsandserviceforaprofit
8Theprimarygoalofbusinessactivitiesiscreatingprofitoreconomicsurplus
?:.
8Asafieldofmanagementtraining,itdealswiththespecialfeaturesofbusiness
activitiesthatcrossnationalboundariesincludingmovementsofgoods,services,
capital,orpersonnel;transfersoftechnology,information,ordata,oreventhe
supervisionofemployees.
8Theinternationalbusinessfieldencompassesinternationaltransactionsin
commodities,internationaltransfersofintangiblessuchastechnologyanddata,
andtheperformanceofinternationalservicessuchasbankingandtransportation.
Itgivesspecialattentiontothemultinationalenterprises_anenterprisebasedin
onecountryandoperatinginoneormoreothercountries_andthefullmethods
opentosuchenterprisesfordoingbusinessinternationally.

8Physicalgoods-productsfrommining,petroleum,agricultureand
manufacturingactivities
8Transactionsinservice-construction,hotel,tourism,businessconsulting,and
retailingandwholesaling,transportation
8Financialareas-commercialandinvestmentbanking,securities,andinsurance
8Communicationmedia-radio,television,telegraph,telephone,magazines,books,
newspapers,newsservices,networksandmovies.
8*foreigndirectinvestment-investmentthatgivetheinvestoreffectivecontrol
andareaccompaniedbymanagerialparticipation.
*portfolio
investment-forthesakeofobtaininginvestmentincome
orcapitalgainsratherthanentrepreneurialincome.
*differentwaysoffinancinginforeigndirectinvestment-notthroughcapital
movementabroad,butbyborrowinglocally,reinvestingforeignearnings,bythesale
totheforeignaffiliateofnon-financialassetssuchastechnology,orthroughfunds
generatedbylicensingfeesandpaymentsformanagementservicestotheparent
company.
*directinvestmentincludeswholeownershipandajointventurewithoneor
morepartners,whomaybeprivatefirmsorgovernmentsinthehostcountryorother
:.

8Includefinancial,political,regulatory,andtaxrisks
8Financialriskelementsinvolvebalance-of-paymentsconsiderations,varying
exchangerates,differentialinflationtrendsamongcountries,anddivergent
interestrates.
8Politicalrisksincludetheriskofexpropriationandotheradversarynational
policies.
8regulatoryrisksarisefromdifferentlegalsystems,overlappingjurisdictions,and
dissimilarpoliciesthatinfluencebusinesspracticesandtheapplicationof
antitrustlaw.
8Inthetaxfield,unforeseenchangesinfiscalpoliciesandtheuncertaintyof
applicationoftaxlaws.

8Themovementofpeoplevisa,workpermit,employmentagreement,and
employmentterminationclauses
8Themovementofgoods___tax,antitrust,packagingandadvertising
8Transfersofinformation___patentandtrademark
8Domesticlawsofthehomeandhoststates,traderulesofregionalgroupsEU,
WTO,andmultilateralandbilateraltreatiesbetweenthehomeandhoststates

8Credit___meanswhotakestheresponsibilityofpayingmoneyandsurrendering
theshippingdocumentswhichrepresentthetitletothegoodsinhandingoverthe
transactedgoodsandpayingtheabovesaidmoney.

andcollection thebuyeris
responsibletomakepayment,thesellertosurrenderdocuments.
'scredit___letterofcreditL/C thebankerisresponsible
topaymoneyandtenderdocumentsonbehalfofbothparties.
8Thebuyercanadoptthreedifferentwaysofremittancewhenhesendsthemoney
tothesellerthroughabank::.
1MailTransferM/T

payment
 thensendsittoacorrespondentbankattheseller'sendby
meansofmailandentrustshimtopaythemoneytotheseller.
2TelegraphicTransferT/T
Attherequestofthebuyer,thelocalbanksendsatrustdeedforpaymentby
cabledirectlytoacorrespondentbankattheseller'sendandentrusthimtopay
moneytotheseller.

.
3 DemandDraftD/D
Thebuyerbuysabankdraft fromhislocalbankandsendsitbymailto
,thesellerorhisappointedpersontakes
themoneyfromtherelativebankinhisplace.
CCollection
Thesellerissuesadraft,towhichtheshippingdocumentsareattached,forwards
.,theremittingbank makes
anapplicationforcollectionandentruststheremittingbanktocollectthepurchase
.,thecollectingbank
 .
Becausetheremittingbankinstructsthecollectingbanknottopartthe
documentswiththelatteruntilthedraftisacceptedorpaid!"#
thebuyer's
lackofcommercialintegrityisguardedagainst.
8D/P____documentsagainstpayment
$%
Theexporteristoshipthegoodsorderedanddelivertherelativeshipping
documentstothebuyerabroadthoroughtheremittingbankandthecollecting
bankwithinstructionsnottoreleasethedocumentstothebuyeruntilthepayment
forthegoodsismade.
8Whycannotthebuyerdirectlysendcashorbanker'sdraftwithhisordertothe
seller?:.
1thebuyer'scapitalwillbetiedupfromthetimeofremittingituntil
thegoodsarriveandaresold,especiallyincaseswherethegoods
orderedcanonlybeshippedbythesellermonthsoryearsafter
placingtheorder.
2Thesellermaybeunknowntothebuyer,andhiscommercial
integritymaybequestionable.
8Insurancepolicy&'% ----adocumentissuedbytheinsurer,settingoutthe
exacttermsandconditionsofaninsurancetransaction__thenameoftheinsured,
thenameofcommodityinsured,theamountinsured,thenameofthecarrying
vessel,thepreciseriskscovered,theperiodofcover,andanyexceptionsthere

andtheinsured.
8Insurancecertificate&') *
necessaryitemsofaninsurancepolicy,butitdoesn'tsetouttherightsandduties
oftheinsurerandtheinsured,whicharesubjecttothedetailedinsuranceclauses

insurancepolicy.
8Weightmemo+,% ___ismadeoutbyasellerwhenasaleisaffectedin
foreigntrade,indicatingthenetandgrossweightsofeachpackage,whichenables
theconsigneeorthecustomsofficetocheckthegoods.
8Packinglist./% ----ismadeoutbyasellerwhenasaleisaffectedin
foreigntrade,indicatingthenameofthegoods,thenetweight,thegrossweight

enablestheconsigneetodeclarethegoodsatthecustomsoffice,distinguishand
checkthegoodswhentheyarriveattheportofdestinations.

8Regardlessofthespecificjob,mostmanagersperformfivebasicfunctions.
1planning_involvesdeterminingoverallcompanyobjectivesand
decidinghowthesegoalscanbestbeachieved.
2:.
importantisallocatingresources,especiallyhumanresources,
decidingonthepositionstobecreatedanddeterminingthe
associateddutiesandresponsibilities.
3)Theday-to-daydirectionandsupervisionofemployees_makethe
fullofthepotentialsoftheemployeesandachievethecompany
goals.
4)Coordinating_tobringintoproperrelationsamongthevarious
departmentsofthecompany.
5)Controlling__managersevaluatehowwellcompanyobjectivesare
,thenchangesarenecessaryinthecompany's
,reorganize,
redirect,recoordinate.



obligationsdetermininghowgovernmentsframeandimplementdomestictrade

countriesevolvethroughcollectivedebate,negotiationandadjudication
8ItisbasedinGeneva,Switzerland.
8Itsessentialfunctionsare:
4administeringandimplementingthemultilateralandplural-lateraltrade
agreementswhichtogethermakeuptheWTO;
4actingasafbrumformultilateraltradenegotiations;
4seekingtoresolvetradedisputes;
___overseeingnationaltradepolicies;and
___cooperatingwithotherinternationalinstitutionsinvolvedinglobaleconomic
policy-making.
8ThestructureoftheWTOisdominatedbyitshighestauthority,theMinisterial
Conference,composedofrepresentativesofallWTOmembers,whichisrequired
tomeetatleasteverytwoyearsandwhichcanmakedecisionsonallmatters:.
underanyofthemultilateraltradeagreements.
-readingactivities
.
.
Answerthefollowingquestions
1).Whatisthedefinitionofbusinesstoday?
2).What'sthescopeofInternationalbusinessactivities?
3).Whatisthedefinitionofforeigndirectinvestment?
4).Howdowetreattheinternationalrisk?
5).Whatarethemanagementfunctionsininternationalbusiness?
6).Whatdoestheword“credit"mean?What'sthecommercialcredit?
7).Whatwaysofremittancecanthebuyeradoptwhenhesendsthemoneytothe
seller?

Remittance,collection,D/P,D/D,T/T,packinglist,insurancepolicy,turkey
project,weightmemo
.
Chapter2BusinessOrganizations

Objectives
Studentswillbeableto:
;
(corporation,generalpartnership,:.
limitedpartnership,soleproprietorship,professionalcorporation,joint-stock
companies,businesstrustsandjointventures,etc.);
,listenin

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  • 上传人cjc201601
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  • 时间2022-12-09