IV English - TAKEOVERS

Question 1

wzmocnienie pozycji firmy, zwiększenie udziału w rynku i osiągnięcie pozycji lidera rynkowego

Answer 1

reinforcing your company’s position, increasing market share and becoming a market leader

Question 2

ograniczenie konkurencji

Answer 2

reducing competition

Question 3

racjonalizacja produkcji

Answer 3

rationalizing production

Question 4

optymalizacja wykorzystania zakładu lub zainwestowanego kapitału

Answer 4

optimizing the use of a plant or invested capital

Question 5

dywersyfikacja produktów

Answer 5

diversifying products

Question 6

the belief that together companies will produce more than the sum of the two separate parts

Answer 6

synergy

Question 7

wejście na nowe rynki

Answer 7

entering new markets

Question 8

buy a large quantity of another company’s shares on the stock exchange

Answer 8

a raid

Question 9

consists of buying shares through several brokers early in the morning, before the market has time to notice the rising price, and before speculators step in

Answer 9

dawn raid

Question 10

a public offer to a company’s shareholders to buy their shares, at a particular price during a particular period

Answer 10

takover bid

Question 11

has the consent of the directors of the company whose shares are being acquired

Answer 11

friendly takeover

Question 12

is one undertaken against the wishes of the board of directors

Answer 12

hostile takeover

Question 13

a defensive action taken to discourage a raider, such as changing the share voting structure or the board of directors, or spending all the company’s cash reserve

Answer 13

poison pill

Question 14

If steps such as these do not work, a company can at least attempt to find ………. – another buyer whom they prefer.

Answer 14

a white knight

Question 15

Postępować zgodnie z radą

Answer 15

Act on advice / Follow advice

Question 16

przestrzegać zasad

Answer 16

Adhere to principles /Respect principles

Question 17

dywersyfikować

Answer 17

Branch out/Diversify

Question 18

gromadzić kapitał

Answer 18

Build up capital/Accumulate capital

Question 19

zyskać na

Answer 19

Cash in on/Profit from

Question 20

opracować plan

Answer 20

Draw up a plan/Prepare a plan

Question 21

ponieść porażkę

Answer 21

Fall through/Collapse

Question 22

pokonać

Answer 22

Fight off/Defeat

Question 23

Succeed in doing sth wrong

Answer 23

Get away with something

Question 24

opiekować się/chronić

Answer 24

Look after/Protect

Question 25

oczekiwać czegoś

Answer 25

Look forward to/Await with pleasure

Question 26

wymyślić

Answer 26

Make up/Invent

Question 27

Polegać na kimś

Answer 27

Rely on or count on someone/Trust someone

Question 28

przejąć firmę

Answer 28

Take over a company/Acquire company

Question 29

przyjąć ofertę

Answer 29

Take up an offer/Accept an offer

Question 30

two companies join together to form a new one

Answer 30

merger

Question 31

When one company buys or acquires another one

Answer 31

acquisition

Question 32

A company may offer to buy all the shareholders’ shares at a certain price (higher than the market price) during a limited period of time

Answer 32

takeover bid

Question 33

If a company’s board of directors agrees to a takeover and if shareholders agree to sell

Answer 33

friendly bid

Question 34

When a company does not want to be taken over, and if it’s successful

Answer 34

hostile bid/unsolicited takeover

Question 35

takes place when a company buys as many shares as possible on the stock market hoping to gain a majority.

Answer 35

a raid

Question 36

If a company gets bigger by acquiring competitors in the same field of activities

Answer 36

horizontal integration

Question 37

if a company acquires other companies involved in other parts of the supply chain, usually to make cost savings

Answer 37

vertical integration

Question 38

acquiring suppliers of raw materials or components

Answer 38

backward integration

Question 39

buying distributors and retail outlets

Answer 39

forward integration

Question 40

companies that own or control several smaller businesses selling very different products or services

Answer 40

conglomerate

Question 41

the practice of taking over a company in financial difficulties and selling each of its assets separately at a profit without regard for the company’s future

Answer 41

asset stripping

Question 42

public companies

Answer 42

listed companies

Question 43

the total value of the company on a stock exchange

Answer 43

market capitalization

Question 44

companies that are owned by larger parent company

Answer 44

subsidaries

Question 45

sum of money reserved to pay a company’s retired employees

Answer 45

pension funds

Question 46

a sufficient number of stocks in a company to be able to decide what to do

Answer 46

controlling interest/stake

Question 47

wykup lewarowany

Answer 47

leveraged buyout

Question 48

the purchase of a controlling share in a company by its management using outside capital

Answer 48

leveraged buyout

Question 49

a practice whereby rival companies come to an illicit agreement not to sell goods or services below a certain price

Answer 49

price-fixing

Question 50

is the marketing strategy of informing customers about how one’s own brand or product is superior (different and better) to its competitors (in addition to its other values)

Answer 50

unique selling proposition (USP)

Question 51

a person or organization responsible for making certain that companies obey particular standards and do not act illegally

Answer 51

untitrust watchdog/authority

Question 52

The reduction of production costs that is a result of making and selling goods in large quantities

Answer 52

economies of scale

Question 53

The situation where there are only a few sellers, which frequently arises in manufacturing

Answer 53

oligopoly