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