VOC U6 Definitions - EN - DEF

Question 1

access n. [U] (British companies will still want access to markets in Europe.)

Answer 1

the ability or opportunity to do or use something.

Question 2

acquire v. [T] (In 1998 the business was acquired by a Dutch company.)

Answer 2

to obtain something by buying it or being given it.

Question 3

acquisition n. [C] (The company has started talks for the acquisition of 85 stores in California.)

Answer 3

when one company buys another one or part of another one.

Question 4

Codeshare agreement.

Answer 4

when two airlines sell tickets together and use the same flight numbers.

Question 5

equity stake n. [C] (IBM has bought a $27m equity stake in the firm.)

Answer 5

when a company or organisation owns shares in a business.

Question 6

expand v. [I,T] (Many firms borrowed heavily to expand their businesses.)

Answer 6

to make a company or business bigger by opening new shops, factories, etc., or to become bigger by doing this.

Question 7

joint venture n. [C] (Saudi Arabian and Japanese officials agreed on a joint venture to build oil refineries in both countries.)

Answer 7

a business activity in which two or more companies have invested together and in which they work on together.

Question 8

long-term adj. (We need to protect the long-term future of the fishing industry.)

Answer 8

continuing for a long period of time, or relating to what will happen in the distant future.

Question 9

merge v. [I,T] (The two banks have announced plans to merge next year.)

Answer 9

to join together and become one company.

Question 10

merger n. [C] (There has been a lot of talk about a merger with another leading bank.)

Answer 10

the joining together of two or more companies or organisations to form one larger one.

Question 11

network n. [C] (It’s important to build up a network of professional contacts.)

Answer 11

a group of people or organisations that are connected or work together.

Question 12

network-wide adj. (The electricity problems were network-wide.)

Answer 12

affecting all the people in a place or situation.

Question 13

outweigh v. [T] (The benefits of the scheme outweigh the disadvantages.)

Answer 13

to be more important or valuable than something else.

Question 14

potential adj. [only before noun] (They’re looking for new ways to attract potential customers.)

Answer 14

likely to develop into a particular type of person or thing in the future.

Question 15

presence n. [C usually singular] (The company has a strong presence in all major world markets.)

Answer 15

the ability to gain sales because your business is strong or noticeable.

Question 16

regulatory approval n. [U] (Investors want to be sure you’ll get regulatory approval before they give you any money.)

Answer 16

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.

Question 17

shareholder n. [C] (Shareholders have been told to expect an even lower result next year.)

Answer 17

someone who owns shares in a company or business.

Question 18

strategic alliance n. [C] (Good training builds the foundations for young athletes.)

Answer 18

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.

Question 19

synergy n. [C,U] (plural synergies) (The new group has problems with achieving the desired synergy among its varied operations.)

Answer 19

the additional effectiveness, advantages or profits that are produced when two or more companies or people work together and combine their ideas and resources.

Question 20

takeover n. [C] (There were rumours that the bank could be the target of a takeover.)

Answer 20

when one company takes control of another by buying more than half its shares.

Question 21

trademark n. [C] (Many trademarks, such as Nike’s swoosh, are instantly recognisable.)

Answer 21

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.

Question 22

turnaround n. [singular] (The country’s economy has experienced a remarkable turnaround.)

Answer 22

a complete change from a bad situation to a good one.

Question 23

turning point n. [C] (Joining the biggest law firm in London was a turning point in my career.)

Answer 23

the time when an important change starts, especially one that improves the situation.

Question 24

win–win adj. (A win–win outcome is where all parties involved are successful in achieving their objectives.)

Answer 24

ending well for everyone involved in it.