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ACT SME

Accelerating Cross-Border transaction of SME

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ACT SME

Assessment

ACT-SME helps SMEs to adapt to global competition and internationalise to enhance their competitiveness and support their growth potential, also and especially in a cross-border transaction perspective.

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Assessment

Training

Training is the main result of the ACT-SME project, specifically designed for SMEs to build their capacity and overcome what are very often only informational or operational barriers to internationalization.

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Training

Partners

ACT-SME includes 8 partners from 6 countries representing the various participants from SMEs’ internationalization process and VET systems.

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Glossary


Internationalization Glossary

Online multilanguage trade and business glossary to help users identifying concepts and terms in everyday activities, thus boosting market opportunities, by creating synergies, building trade relationships and networks between SMEs.

digital marketing

Digital marketing is an umbrella term for the marketing of products or services using digital technologies, mainly on the Internet, but also including mobile phones, display advertising, and any other digital medium.

Ecommerce

E-commerce is a transaction of buying or selling online. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange, inventory management systems, and automated data collection systems.

Enterprise Europe Network

“The Enterprise Europe Network helps businesses innovate and grow on an international scale. It is the world’s largest support network for small and medium-sized enterprises (SMEs) with international ambitions. The Network is active in more than 60 countries worldwide. It brings together 3,000 experts from more than 600 member organisations – all renowned for their excellence in business support”. http://een.ec.europa.eu/about/about

EU Single Market

Eu Single Market allow the free circulation of goods, services, capital and people without internal frontiers. In the definition of EU, “The Single Market refers to the EU as one territory without any internal borders or other regulatory obstacles to the free movement of goods and services. A functioning Single Market stimulates competition and trade, improves efficiency, raises quality, and helps cut prices. The European Single Market is one of the EU’s greatest achievements. It has fuelled economic growth and made the everyday life of European businesses and consumers easier”. https://ec.europa.eu/growth/single-market_it

EUR-LEX

EUR-Lex provides free access, in the 24 official EU languages, to:
the authentic Official Journal of the European Union
EU law (EU treaties, directives, regulations, decisions, consolidated legislation, etc.)
preparatory acts (legislative proposals, reports, green and white papers, etc.)
EU case-law (judgments, orders, etc.)
international agreements
EFTA documents
summaries of EU legislation, which put legal acts into a policy context, explained in plain language
other public documents.

Foreign Direct Investment - FDI

Foreign direct investment (FDI) is an investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets in the other country, such as ownership or controlling interest in a foreign company. Foreign direct investments are distinguished from portfolio investments in which an investor merely purchases equities of foreign-based companies. The key feature of foreign direct investment is that it is an investment made that establishes either effective control of, or at least substantial influence over, the decision making of a foreign business.

Franchising

A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business's (the franchiser) proprietary knowledge, processes and trademarks in order to allow the party to sell a product or provide a service under the business's name. In exchange for gaining the franchise, the franchisee usually pays the franchisor initial start-up and annual licensing fees

FREIGHT

A charge paid for carriage or transportation of goods by air, land, or sea.
A colloquial term for freight charge. Goods may be transported on freight-prepaid or freight-collect basis: If the freight is paid by the consignor (as under C&F and CIF terms) the goods remain the consignor's property until their delivery is taken by the consignee upon their arrival at the destination, and payment of the consignor's invoice. If freight is paid by the consignee (as under FOB terms) the goods become the consignee's property when handed over to the carrier against a bill of lading.

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This project has been funded with support from the European Commission.
This web site and its contents reflects the views only of the authors, and the Commission cannot be held responsible for
any use which may be made of the information contained therein.

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