Answer Key

The life of a company – Practice 2

Fill in the gaps with the appropriate word or phrase in the correct form.
  1. An engineer who works by herself providing consultancy from home or visiting clients in their offices is a  [sole] – trader.
  2. We specialize in helping SMEs, that is small or medium  [enterprises] .
  3. I overspent because I didn't budget  [for] the repair of the photocopier.
  4. The phone company was taken  [over] by a multinational electronics firm.
  5. The big supermarkets benefit from  [economies] of scale because they get low prices from suppliers.
  6. Several airlines went  [under] when the demand for flights fell.
  7. We sell 15,000 of this model a year and make $80 on each one. It's a real  [cash] cow.
  8. We are a  [multinational] corporation based in the US and operating in over 30 countries.
  9. The company is planning to sell  [off] its IT division.
  10. In order to reduce inflation, the government must cut  [back] on spending.