04 剑桥商务英语Unit 2b.ppt

Unit 2b Mergers Acquisitions Vocabulary Merger n. 兼并，吸收合并Acquire vt.购入，取得所有权 Product portfolio 产品组合Acquisition n.购并 Mergers and acquisitions or MA 公司并购，兼并和收购 Plummet vi. （价格）骤跌Economies of scale 经济规模Takeover 接管，收购Consortium n. 联营企业，财团Operator n. 运营商，运营公司 Consolidation n. 创立合并Deregulation n. （价格、费用等）撤销管制 Over-capacity n. 生产能力过剩Diversify vt. vi. 多样化 WebTV 网络视频Equity stake 股权RD 研发部门Portfolio n. 投资组合，产品组合Risk-free venture无风险投资 Destabilizing 不稳定的，破坏的 Prospect n. 可能性，机会，前景 Payroll n. 在职人员工资表，公司员工薪水名册，工资总额 Function n. （职能）部门，重大聚会，宴会 Corporate functions 公司聚会 Undercut vt.vi. 压价，与……..抢生意 News release 新闻稿 Public Affairs Department 公共事务部 Vocabulary Operator n. 运营商，运营公司 Consolidation n. 创立合并 Deregulation n. （价格、费用等）撤销管制 Over-capacity n. 生产能力过剩 Diversify vt. vi. 多样化 WebTV 网络视频 Equity stake 股权 RD 研发部门 Portfolio n. 投资组合，产品组合 Technical terms and words Merger Definition: The combining of two or more companies, generally by offering the stockholders of one company securities in the acquiring company in exchange for the surrender of their stock. Basically, when two companies become one. This decision is usually mutual between both firms. Horizontal merger: A merger occurring between companies producing similar goods or offering similar services. This type of merger occurs frequently as a result of larger companies attempting to create more efficient economies of scale. The amalgamation of Daimler-Benz and Chrysler is a popular example of a horizontal merger. Technical terms and words Merger Vertical merger: A merger between two companies producing different goods or services for one specific finished product. (成品, 产品) By directly merging with suppliers, a company can decrease reliance and increase profitability. An example of a vertical merger is a car manufacturer purchasing a tire company. Technical terms and wordsAcquisition A corporate action in which a company buys most, if not all, of the target companys own