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8. Fill in the missing words which relate to business integration:

1.When two companies combine to form a larger single company, the new company is the result of a -------------------- .

2. When a company is incorporated into another firm that has bought the major part of its shares and thereby gained control, we are witnesses to an-----------------------.

3.------------------- is a form of integration which can be accomplished either in a

-------------------- or a hostile manner.

4. One way of avoiding ---------------------------is the decision by senior executives to

attempt a ------------------ .

9. Write the appropriate word or phrase (below) in the following spaces. Translate the sentences into Ukrainian.

1. This deal should be highly ....

2. We have ... of twenty.

3. Choose carefully before making ....

4. We can't afford to buy the computer at that....

5. Our company made ... to sell coffee beans at $ 10 per pound.

6. The family will never sell more than 49 per cent of the shares; they don't want any possibility of... .

7. The software company's ... of Acme Company will help it compete in the hardware market.

8. The directors of both companies met to discuss the terms of... .

9. The two insurance companies have agreed ....

10. We ... the project because it was too expensive.

22

11.... determines what goods are made.

The market, to merge, the merger, acquisition, a takeover, a bid, price, a purchase, a staff, profitable, abandoned.

  1. These words are often confused:

to learn - to find out

to learn - to gain knowledge; to gain new information about a

situation, event or a person

to find out - to discover a fact or piece of information (something

that was previously unknown)

Complete these sentences using the correct form of one of the words above. Make your own sentences to show that you understand the difference in their meaning.

1. She ... some American history in high school.

2. I just... that the payment is due tomorrow.

3. He is ... how to use a computer.

4. We ... about the accident from my friend.

5. She lost so much money in the stock market that she ... a lesson.

6. Please ... when they will discuss the terms of the merger.

7. When did you ... about the acquisition of their companies?

8. We were glad ... this good news.

9. We have not yet... whether he got the profit.

10. Please ... how to get there.

11. Most of these business stories are true and we can ... a lot from them.

12. I am returning the machine so you can ... what is wrong with it.

12. Answer the following questions:

1. What can we often witness in the world of business?

2. Why do companies join with or buy other companies?

3. What happens when companies combine?

4. What do we mean by "making an acquisition"?

5. What types of takeover exist in business?

6. What is a hostile (a friendly) takeover?

7. What do you have to do when you want to buy a company?

8. What is a buyout?

9. Why do businessmen restruct their business?

10.What is the difference between:

a hostile takeover – a friendly takeover

a buyout – a takeover

a merger – an acquisition