best performance (commerce and trade)

Primary production includes

• the manufacturing of goods

• mining and farming

• medical services

• education

Insurance

• is the process of supplying goods

• holds money for business

• covers the risks and compensates for possible losses or damage

• involves raising consumer interest through research and promoting

An import

• is a product that is sold from its country of origin on the global market

• is a product that is bought into a country from the global market

A sole trader

• is a business enterprise formed and owned by its shareholders

• is a business owned by one person

• is an agreement in which a company buys a licence to use an established business brand

• has its headquarters in one country but has branches in different countries

оптовый продовец

• retailer

• wholesaler

• shareholder

• supplier

расходы, издержки, затраты

чистая прибыль

расширить ассортимент продукции

• to take an advantage of an opportunity

• to enter a market

• to meet a need

• to extend a product range

Elements of the supply chain are:

• an export and an import

• warehousing, transport, logistics, advertising

• planning, purchasing, inventory, production, transport

• primary, secondary and tertiary production

The flow of goods, information and other resources is

• warehousing

• marketing

• banking

• logistics