2. 职称英语
  3. Mergers and takeovers mean the activities that two or more businesses join

Mergers and takeovers mean the activities that two or more businesses join

游客2023-12-09  54
问题     Mergers and takeovers mean the activities that two or more
businesses join together and operate as one organization. Mergers
usually occur when two firms are similar strong or weak, and【M1】______
takeovers occur when one firm is strong and the other is weak. One【M2】______
business can acquire with a public limited company by buying 51【M3】______
percent of the shares. Since the late 1990s, the number of M&A
(merger and acquisition)has developed in a quick speed all over the【M4】______
world Nearly all me industries have been affected as result of this trend.【M5】______
    There are various types of mergers and takeovers. For example,
horizontal integration occurs where two companies in exactly the【M6】______
same line of business and the same stage of production such as two
oil firms join together; Vertical integration can be forward vertical
integration or backward vertical integration. Take a firm which
manufactures and assembles bikes as an example. If it were to acquire【M7】______
with a firm which was a raw material supplier of tires for the bikes,
this will be an example of backward vertical integration. Forward【M8】______
vertical integration involves merging with a firm which is in the next
stage of production, such as a merger with a retailer of bikes. In
addition, mere is no diversifying integration in which two firms in【M9】______
completely different lines of business join together to exploring new【M10】______
and different market opportunities and reduce risks of operations. [br] 【M6】
选项
答案 where→when
解析 语法错误，定语从句先行词使用。定语从句先行词when强调时间，where强调地点，文中应是强调时间。
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