Answer Key
Vocabulary test
Drag & drop: Fill in the missing expression. Use the following words and phrases:
- conglomerate
- acquisition
- diversify
- majority interest
- merger
- parent company
- hostile takeover
- subsidiaries
- joint venture
- stake
- My [stake] in that firm is actually rather small, but I have owned it since I was in university.
- The [parent company] is responsible for monitoring and guiding the activities of the business activities of smaller firms that it controls.
- Despite all my father's efforts to block it, his company was the victim of a [hostile takeover] by a huge multi-national firm last year.
- People would probably be quite surprised if Coca-Cola and Pepsi announced a [merger]and became one firm called Copsi or Pepola or something like that.
- By acquiring that block of shares, we have now gained a [majority interest] in Telnet Co., owning exactly 53% of the firm.
- These smaller firms, or [subsidiaries] , may represent quite a variety of different business interests and areas.
- Often, people don't realize that many well-known companies are in fact just a small part of a much larger [conglomerate] .
- Companies doing poorly may expose themselves to the possibility of [acquisition] by other firms, which is sometimes a form of financial rescue, and sometimes a predatory action.
- I have decided to enter into a [joint venture] with my brother's company – we both sell electronics equipment, so we could probably help each other out.
- In an attempt to [diversify] our activities, we are happy to announce our acquisition of two food retailers, an electronics manufacturer, and several textile factories.