VOC U6 Definitions - DEF - EN Flashcards
a business activity in which two or more companies have invested together and in which they work on together.
joint venture n. [C] (Saudi Arabian and Japanese officials agreed on a joint venture to build oil refineries in both countries.)
a complete change from a bad situation to a good one.
turnaround n. [singular] (The country’s economy has experienced a remarkable turnaround.)
a group of people or organisations that are connected or work together.
network n. [C] (It’s important to build up a network of professional contacts.)
a special name, sign or word that is marked on a product to show that it is made by a particular company, that cannot be used by any other company.
trademark n. [C] (Many trademarks, such as Nike’s swoosh, are instantly recognisable.)
affecting all the people in a place or situation.
network-wide adj. (The electricity problems were network-wide.)
an agreement in which companies share knowledge and resources with each other: build a foundation to do the work that makes it possible for something to be successful in the future.
strategic alliance n. [C] (Good training builds the foundations for young athletes.)
continuing for a long period of time, or relating to what will happen in the distant future.
long-term adj. (We need to protect the long-term future of the fishing industry.)
ending well for everyone involved in it.
win–win adj. (A win–win outcome is where all parties involved are successful in achieving their objectives.)
likely to develop into a particular type of person or thing in the future.
potential adj. [only before noun] (They’re looking for new ways to attract potential customers.)
someone who owns shares in a company or business.
shareholder n. [C] (Shareholders have been told to expect an even lower result next year.)
the ability or opportunity to do or use something.
access n. [U] (British companies will still want access to markets in Europe.)
the ability to gain sales because your business is strong or noticeable.
presence n. [C usually singular] (The company has a strong presence in all major world markets.)
the additional effectiveness, advantages or profits that are produced when two or more companies or people work together and combine their ideas and resources.
synergy n. [C,U] (plural synergies) (The new group has problems with achieving the desired synergy among its varied operations.)
the joining together of two or more companies or organisations to form one larger one.
merger n. [C] (There has been a lot of talk about a merger with another leading bank.)
the time when an important change starts, especially one that improves the situation.
turning point n. [C] (Joining the biggest law firm in London was a turning point in my career.)
to be more important or valuable than something else.
outweigh v. [T] (The benefits of the scheme outweigh the disadvantages.)
to join together and become one company.
merge v. [I,T] (The two banks have announced plans to merge next year.)
to make a company or business bigger by opening new shops, factories, etc., or to become bigger by doing this.
expand v. [I,T] (Many firms borrowed heavily to expand their businesses.)
to obtain something by buying it or being given it.
acquire v. [T] (In 1998 the business was acquired by a Dutch company.)
when a company or organisation owns shares in a business.
equity stake n. [C] (IBM has bought a $27m equity stake in the firm.)
when a plan or decision is accepted by an official power that has control over activities and makes sure they are done in a satisfactory way.
regulatory approval n. [U] (Investors want to be sure you’ll get regulatory approval before they give you any money.)
when one company buys another one or part of another one.
acquisition n. [C] (The company has started talks for the acquisition of 85 stores in California.)
when one company takes control of another by buying more than half its shares.
takeover n. [C] (There were rumours that the bank could be the target of a takeover.)
when two airlines sell tickets together and use the same flight numbers.
Codeshare agreement.
