W7: Vocab blog

Exporting (n)

Export (v)

The meaning : The term export is derived from the conceptual meaning as to ship the goods and services out of the port of a country. The seller of such goods and services is referred to as an "exporter" who is based in the country of export whereas the overseas based buyer is referred to as an "importer". In International Trade, "exports" refers to selling goods and services produced in home country to other markets.Any good or commodity, transported from one country to another country in a legitimate fashion, typically for use in trade. Export goods or services are provided to foreign consumers by domestic producers

Q1:The products mentioned in the video that foreign companies usually export to Thailand : Cosmetic, medicare product, Gn,and Honda
The sentence of exporting : USA is exporting cosmetic to Europe

Freight /freɪt/

The meaning: goods, but not passengers, that are carried from one place to another, by ship, aircraft, train or truck, or the system of transporting these goods.

Freight forwarder  

The meaning: is a person or company that organizes shipments for individuals or other companies and may also act as a carrier.A forwarderis often not active as a carrier and acts only as an agent, in other words as a third-party (non-asset-based) logistics provider that dispatches shipments via asset-based carriers and that books or otherwise arranges space for these shipments. Carrier types include ships, airplanes, trucks, and railroads.Freight forwarders typically arrange cargo movement to an international destination.  

Q2: Why is freight forwarder important for a company exporting products to other countries? Answer:Because when they have to open the market in each country. These agents are familiar with the import rules and regulations of foreign countries, the export regulations of the U.S. government, the methods of shipping, and the documents related to foreign trade. THen the fright forwarder important for a company exporting product.

Importing (n)

Import (v)

/ɪmˈpɔːt/

The meaning; it is to buy or bring in products from another country.

Do you agree that the products mentioned in the video are what Thailand usually imports from foreign companies? What else is Thailand also known for importing? 
Answer; I do agree with the question above. Thailand imports the new technology from USA for example, the machines for factory.
The sentence of importing:  Gasoline in Thailand is importing from  another country.

Learning Curve 
curve /kɜːv/  

For the business context:  learning curve is a graphical representation of the changing rate of learning (in the average person) for a given activity or tool. Typically, the increase in retention of information is sharpest after the initial attempts, and then gradually evens out, meaning that less and less new information is retained after each repetition.

 
For non-business context: it is the curve that show the development of knowledge or ability of somebody.


Licensing  (n) /ˈlaɪ.sənt s/

The meaning: The granting of permission to use intellectual property rights, such as trademarks, patents, or technology under defined conditions.

The sentence of licensing : Disney's company have licensing to produce and sell product about doll or clothes.

The synonym of licensing : authorization, certificate