Professional Documents
Culture Documents
commitment.
exporting
organizing two or more usually overseas firms into one with the aim to get
an official right of the only person to make, use or sell a product or an invention
patent
a sum of money that is paid to somebody who has written a book, piece of music,
etc. each time that it is sold or performed or a sum of money that is paid by an oil
or mining company to the owner of the land that they are working on- royalties
manufacturing
Ex.4
Надлишки-surplus;
ліцензіат -licensee;
прибутки від продажу патентів, ліцензій і технічного досвіду- fee and royalty;
недолік-disadvantage, drawback;
Ex.5
експортування товарів.
Direct exporting gives more rights to control the market and therefore requires
more investment.
Due to direct investment, the company keeps full control over investments and
marketing policies.