首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
The most common kind of consolidation today is ______. Other industries experiencing large takeovers were ______.
The most common kind of consolidation today is ______. Other industries experiencing large takeovers were ______.
admin
2010-01-11
34
问题
The most common kind of consolidation today is ______.
Other industries experiencing large takeovers were ______.
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、banking and finance, insurance, mining and metal, and processed foods
B、banking and finance, insurance, mining and mineral, and processed foods
C、banking and finance, insurance, mining and mineral, and processed goods
答案
B
解析
转载请注明原文地址:https://www.kaotiyun.com/show/12zO777K
本试题收录于:
BEC中级听力题库BEC商务英语分类
0
BEC中级听力
BEC商务英语
相关试题推荐
•Youwillhearabusinesspresentationabout3simplesellingtactics.•Asyoulisten,forquestions1—12,completethenotes,
SELLINGABUSINESS1Beforeyoumakeadealwithanypotentialpurchaser,youshouldsigna______.2Manyconfidential
QualitiesofLeadershipIntroduction1Inthespeaker’sopinion,thereare______mostimportantqualitiesforgoodleade
Whichofthefollowingisnotthechannelforangleinvestorsandprivatecompaniestomeet?
WhattipsdoesKarlaDeOapriogivethepeoplewhodecidetogoinHR?
THEDEVELOPMENTOFCONTRACTING-OUT1Youmaynotbefamiliarwiththeterm"contracting-out",itinvolvescallingin______
COSCOEDISystem1Between1996and1997,COSCOhasfinisheditsconstructionofEDIcenterandEDI............2Atpresent,CO
Howdoyouteachmanagerstomanage?HenryMintzberg,aprofessorofmanagementatMcGillUniversityinMontreal,haslongheld
StrengtheningIPprotection:fromlegislationtoenforcementLawsareinplacetoprotectintellectualproperty(IP)rightsint
TaskSheet:OverseasOffices1.Yourcompanyneedstoopenoverseasofficesforexpandingitsbusinessworldwide.Youhavebeen
随机试题
在丝杠螺距为6mm的车床上,用提起开合螺母手柄车削螺距为2mm的双线螺纹是不会发生乱牙的。()
角膜异物的主要表现为
必需氨基酸构成最好的食物是
下列能导致鼓胀发生的因素有()。
黑土公司获得一种新型药品制造方法的发明专利权后,发现市场上有大量白云公司制造的该种新型药品出售,遂向法院起诉要求白云公司停止侵权并赔偿损失。依据新修改《专利法》规定,下列哪一说法是错误的?(卷三2009年真题试卷第17题题)
[2003年第113题]人防工程设计中,下列哪条不符合规定?
()是银行最主要的中长期投资品种。
门德尔松是________音乐家,他创作了大量的作品,其中包括________部歌剧、________部弦乐交响曲,以及协奏曲、奏鸣曲等。()
1912年成立于西安的秦腔改良团体是()。
Whoisthespeaker?
最新回复
(
0
)