首页
登录
职称英语
You will hear a talk presented by a reporter. This talk is about mergers.You ha
You will hear a talk presented by a reporter. This talk is about mergers.You ha
游客
2025-05-26
2
管理
问题
You will hear a talk presented by a reporter. This talk is about mergers.
You have to complete the sentences 23--30 by choosing the correct answer.
Mark one letter A, B or C.
The most common kind of consolidation today is the merger. A merger occurs when two or more companies get together to form one company.
With the deregulation of natural gas, the nation’s 20 interstate pipeline companies became fearful of cut-throat competition. Some felt that they could increase their efficiency and improve their market flexibility by merging. In 1985 Internorth of Omaha paid $2.3 billion for Houston Natural Gas Corporation, thereby gaining control of the world’s longest pipeline. The system connected markets from coast to coast and raised sales to $10 billion.
On occasion, mergers have occurred between smaller companies in an industry dominated by a few giant firms. These smaller companies claim that they need to merge to become more efficient and effective. They maintain that such action increases competition instead of reducing it. The Antitrust Division of the Justice Department has not always agreed with them.
Four major waves of mergers have taken place in this country. The first started in 1887, just prior to the passage of the Sherman Antitrust Act, and ended in 1904. It involved such giants as United States Steel and Standard Oil trying to create monopolies in their industries. From the end of World War I until the 1930s, large firms swallowed smaller firms to create oligopolies. The monopoly has no chance and the oligopoly little chance of succeeding today under present antitrust policy.
The third major merger movement began in the 1960s, reached a peak in 1969, and then gradually declined. Many of the acquisitions involved giant firms in one industry buying up large companies in totally unrelated industries. Such mergers are called conglomerate mergers. A classic example is Mobil Oil Corporation’s purchase of the huge retail chain Montgomery Ward & Company.
Mergers in the last ten years were in the thousands. More important is the value of the transactions, which has risen sharply. The number of mergers and acquisitions apply only to those valued at $100 million or more. The petroleum industry had mergers and acquisitions valued at closed to $80 billion between 1981 and 1984. Other industries experiencing large takeovers were banking and finance, insurance, mining and mineral, and processed foods.
选项
A、the cooperation
B、the joint venture
C、the merger
答案
C
解析
转载请注明原文地址:https://tihaiku.com/zcyy/4091067.html
相关试题推荐
—Youwillhearatalkpresentedbyareporterabouthigh-techmarketintheworl
—YouwillhearareportpresentedbyajournalistfromTokyo.Hetalksaboutthe
Youwillhearatalkpresentedbyareporter.Thistalkisaboutmergers.Youha
Mr.Scotthaspresentedatindustryevents[br]TheinterviewwithDavidMeerman
•YouwillhearareportpresentedbyajournalistfromTokyo.Hetalksaboutthe
•Youwillhearatalkpresentedbyareporterabouthigh-techmarketintheworl
•Youwillhearatalkpresentedbyareporter,aboutnewproductintroduction.
YouwillhearareportpresentedbyajournalistfromTokyo.Hetalksaboutthe
YouwillhearareportpresentedbyajournalistfromTokyo.Hetalksaboutthe
YouwillhearareportpresentedbyajournalistfromTokyo.Hetalksaboutthe
随机试题
现在,由于空气污染,许多人宁愿住在乡下。Nowadays,manypeoplewouldratherliveinthecountrybecau
[originaltext]M:Hey,Sue.IwaswonderingifyoucouldfillmeinonMonday’s
Thisword,whichis_____,shouldbereplacedwithanotheronewhichismorecom
[originaltext]FarminginBritainhaschangedagreatdealinthelast30ye
如果两只股票的期望收益率具有相同的标准差,那么它们贝塔值也相同。()
根据档案整理工作的原则和要求,整理档案的目的是()。A.保持文件之间的有机联系
下列关于资源优化的说法中,正确的是()。A:资源优化的目的是尽量减少资源用量
属于大阴唇的项目,错误的是A、起自阴阜,止于会阴 B、其前端为子宫圆韧带的终
A.眼压和前房角镜 B.眼底荧光血管造影 C.散瞳验光 D.眼球按摩 E
课外活动的主要形式是() A.群众性活动 B.个别活动 C.小组活动
最新回复
(
0
)