首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Read the article below about possible reasons for acquiring a company. Choose the best sentence from the opposite page to fill
Read the article below about possible reasons for acquiring a company. Choose the best sentence from the opposite page to fill
admin
2013-05-18
75
问题
Read the article below about possible reasons for acquiring a company.
Choose the best sentence from the opposite page to fill each of the gaps.
For each gap(8-12), mark one letter(A-G)on your Answer Sheet.
Do not use any letter more than once.
There is an example at the beginning(0).
Acquisition
When should a company consider acquisition as a way forward?
There are many circumstances in which a company may wish to take over another organisation through an acquisition.
The need to keep up with a changing environment often dominates thinking about acquisitions. One compelling reason to develop by acquisition is the speed with which it allows the company to enter new product or market areas. (0)_G_ This is particularly true of e-commerce.
The strength of competitors may influence a company to choose acquisition as a way forward. In markets that are static and where market shares of companies are reasonably steady, It can be difficult for a company to break into the market, since its presence may create excess capacity. (8)______
The same arguments also apply’ when an established supplier in an industry acquires a competitor. This may either be to gain the competitor’s market share or, in some cases, to shut down its capacity in order to restore a situation where supply and demand are more balanced.
There may be financial motives for acquisition. If the share value of a company is high, the motive may be to spot and acquire a firm with a low share value. (9) ______An extreme example is asset stripping, where the main motive for the acquisition is short-term gain by buying up undervalued assets and selling them on bit by bit.
There may also be resource considerations. There may be a lack of resources or skills to compete successfully, so they must be acquired. (10)______It may also be that It has knowledge of a particular type of production system, business process or market need. In an international context, acquisition is often a means of gaining market knowledge.
Sometimes there are reasons of cost efficiency which make acquisition look attractive. A cost efficiency could arise from the fact that an established company may already be very experienced and have achieved efficiencies which another company would find difficult to achieve quickly by internal means. (11)______ In consumer goods Industries, cost efficiency is usually the reason for an acquisition.
Acquisition can also be driven by the expectations of key shareholders. Shareholders usually expect to see continuing growth, and acquisition may be a quick way to deliver this growth. But there are considerable dangers that an acquisition can lower share price rather than increase It (12)______This is more likely when the decision to acquire is speculative as opposed to strategic. There are some shareholders who favour acquisition simply to bring a short-term boost to share value.
A The necessary development and organisational learning would be too slow.
B In the same way, an organisation can increase manufacturing opportunities.
C Indeed, this is one of the major reasons for the more speculative acquisitions that take place.
D It may be that the parent company may not have sufficient understanding of the acquired business, and this could remove value.
E For example, a company may be taken over for its research and development expertise.
F If, however, the company enters by acquisition, the risk of reaction from industry rivals is reduced.
G In some cases, a market is changing so fast that acquisition becomes the only way of successfully breaking into it.
选项
答案
C
解析
转载请注明原文地址:https://kaotiyun.com/show/7joO777K
本试题收录于:
BEC中级阅读题库BEC商务英语分类
0
BEC中级阅读
BEC商务英语
相关试题推荐
•Readthearticlebelowabouthowtohandleworkaftertreatmentforcancer.•Choosethecorrectwordorphrasetotillea
•Readthefollowinga~icleaboutteamworkandanswerthequestionsontheoppositepage.•Foreachquestion15-20,markon
Inthispartofthetestyouareaskedtogiveashorttalkonabusinesstopic.Youhavetochooseoneofthetopicsfromthet
Inthispartofthetest,youareaskedtogiveashorttalkonabusinesstopic.Youhavetochooseoneofthetopicsfromthe
Inthispart,theinterlocutorasksquestionstoeachofthecandidatesinturn.Youhavetogiveinformationaboutyourselfand
Inthispartofthetest,youareaskedtogiveashorttalkonabusinesstopic.Youhavetochooseoneofthetopicsfromthe
Inthispartofthetest,youareaskedtogiveashorttalkonabusinesstopic.Youhavetochooseoneofthetopicsfromthe
Inthispart,theinterlocutorasksquestionstoeachofthecandidatesinturn.Youhavetogiveinformationaboutyourselfan
A.giveadviceB.makeanofferC.askforpermissionD.requestsomeinformationE.confirmarrangementsF.make
Youwillhearfivestatementsinwhichpeopletalkabouttheiropinionsonbusinessmeetings.Foreachrecording,decideeac
随机试题
热爱人民是爱国主义的()
蓝光疗法的适应证为
正常心电图P波代表心房除极的结果,时限为大于0.12s;QRS波群代表心室除极的结果,时限为0.4~1s。()
下列各项中,属于应收管理模块中坏账处理的有()。
会计职业道德的评价功能是指对会计人员的行为,根据一定的()进行评价。
2007年3月31日,甲公司对经营租人的某固定资产进行改良。2007年4月28日,改良工程达到预定可使用状态,发生累计支出120万元。该经营租人固定资产剩余租赁期为2年,预计尚可使用年限为6年,采用直线法摊销。2007年度,甲公司应摊销的金额为( )
外国投资者股权并购的,并购后所设外商投资企业承继被并购境内公司的债权和债务。()
有的教师讲课虽然声音不高,但神情自若,情真意切,犹如春雨渗入学生心田,润物细无声,它虽没有江海波澜的壮阔,却不乏________流水之清新,给人一种心旷神怡、恬静安宁的感受。填入划横线部分最恰当的一项是()。
细菌性痢疾属于下列哪一种炎症?()
一台模型机共有7条指令,主频25MHz,各指令的使用频率与CPI如表2-4所示。该模型机有8位和16位两种指令字长,采用2-4扩展操作码。8位字长指令为寄存器-寄存器(R-R)二地址类型,16位字长指令为寄存器-存储器(R—M)二地址变址寻址类型(-128
最新回复
(
0
)