DA Voci
Set of flashcards Details
| Flashcards | 30 |
|---|---|
| Language | English |
| Category | English |
| Level | Primary School |
| Created / Updated | 22.11.2013 / 06.10.2019 |
| Weblink |
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bureaucracy
inflexible system of administration
flattened hierarchy
more middle than senior manager
standardised products
goods of the same quality and design
lifetime employment
permanent jobs
merger
when two companies become one
customised
made for a particular user
tangible assets
buildings and machinery a company owns
lease
rent a building on a temporary basis
freelance workers
work indepandently or on short-term contracts
entrepreneurs
are willing to take risks
venture capitalists
are willing to invest in new and / or risky business projects
bidders
express a wish to buy something
producers
make goods
shareholders
own part of a company
bid
make an offer of money
conduct
führen, leiten
tangible
handfest, konkret, dinghaft, berührbar
corporate
vereinigt, gemeinsam
red tape
Bürokratie
global competition
The US's giant corporations have either disappeared or been transformed by global competition.
lifetime employment
They provided their workers with lifetime employment.
management hierarchies
they flattened their management hierarchies
giant company
A handful of giant companies are engaged in a silent takeover of the world.
network
Companies are being replaced by networks.
entrepreneur
Groups of entrepreneurs form such a network to market an idea.
bidder
They then sell it to the highest bidder and move to produce another idea and to create another firm, with the money being supplied all the time by venture capitalists.
conduct
Technology and globalisation open up ever more opportunities for individuals and firms to collect infomation and conduct economic activity outside traditional structures.
mass production
While the age of mass production lowered the costs of products at the expense of limiting choices, modern "flexible" production systems both lowercosts and increase choice.
durable
long lasting
decade
10 years
