lunes, 15 de junio de 2015

Travelling abroad

"The real voyage of discovery consists not in seeking new landscapes, but in having new eyes"

Marcel Proust

International trade

Read the extract from an article about outsourcing. For each question 1-5, mark ONE letter A, B, C or D. 

The benefits of outsourcing Outsourcing means contracting out certain functions to outside specialists. The great advantage of it is that it …………….. (1) companies to avoid unnecessary fixed costs and concentrate on growing their business. Almost anything can be outsourced. Some functions are …………….. (2) processes with easily defined outputs, such as payroll processing and office cleaning. Some require …………….. (3) on skills or equipment which a medium-sized company could not afford: IT (requiring skilled staff and technology), call centres (providing round-the-clock availability) and accountancy (requiring professional skills and knowledge of changing regulations) are …………….. (4) of this. Sometimes outsourcing converts fixed costs into variable ones and improves speed to market. Sometimes it takes the hard work out of otherwise high-value business. The only activities that should not be outsourced are those which are absolutely …………….. (5) to the business. 

1 A facilitates B grants C eases D allows 
2 A staple B average C customary D standard 
3 A outlay B budgets C investment D overheads 
4 A samples B instances C representatives D occurrences 
5 A prime B principal C core D focal 

Text from: Whitehead, R. and Harrison, M. 2006. Achieve Bulats. English for International Business. Heinle Cengage Learning.

INTERNATIONAL TRADE VOCABULARY: You should try to include some of these expressions in your vocabulary 

Keep to targets 
Cut costs 
Meet targets 
A gap in the market 
Move upmarket 
Global ambitions 
Undercut the competition 
Go into a whole new area 
Spread risks 
Wage a price war 
Go global 

Now, increase your knowledge and vocabulary on international trade by watching this video: