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 ______. The third major merger movement began in the 1960s, reached a peak in 19
The most common kind of consolidation today is ______. The third major merger movement began in the 1960s, reached a peak in 19
admin
2010-01-11
62
问题
The most common kind of consolidation today is ______.
The third major merger movement began in the 1960s, reached a peak in 1969, and then ______.
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、slowly disappeared
B、gradually increased
C、gradually decreased
答案
C
解析
转载请注明原文地址:https://www.kaotiyun.com/show/h2zO777K
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
•Youwillheararecruitingmanagertellinghowtofindjobsontheweb.•Asyoulisten,forquestions1-12,completethenotes
Whatdidhemajorintheuniversity?
WhydidRichardgiveuphisjobinaninvestmentcorporation?
THEDEVELOPMENTOFCONTRACTING-OUT1Youmaynotbefamiliarwiththeterm"contracting-out",itinvolvescallingin______
TaskOne-TrainingCourseForquestions13—17,matchtheextractswiththetrainingcourseattended,listedA—H.Foreachextr
COSCOEDISystem1Between1996and1997,COSCOhasfinisheditsconstructionofEDIcenterandEDI............2Atpresent,CO
Youwillhearameetinginvolvingmembersofaqualityimprovementgroupinamanufacturingcompany.Thedepartmenthead,Sandra
FormsofBusinessOwnershipAbusinessmayhaveasmallbeginningasasoleproprietorship,laterexpandintoapartnership,
随机试题
下列说法中对实事求是表述正确的有()
消毒不耐热、不耐湿的物品宜使用
下列哪项是咳嗽肺阴亏虚证的主要特征
信用卡是指商业银行向个人和单位发行的,凭以向特约单位购物、消费和向银行存取现金,且具有消费信用的特制载体卡片。()
商业银行利润总额的构成包括营业利润和()。[2008年真题]
下列不属于医学伦理学的基本范畴的是()。
给定资料1.在科技蓬勃发展的今天,网站、微博、微信等新兴媒体日益成为群众关注时下热点话题的主要渠道,具有强大的社会影响力。党的十八届六中全会对全面提高党的建设科学化水平提出了新任务、新要求。在新形势的助推下,网络党建成为宣传贯彻党的路线方针政策
《中华民国临时约法》的主要规定有
Giventhechoicebetweenspendinganeveningwithfriendsandtakingextratimeforhisschoolwork,AndyKliseadmitshewouldp
A、Bygettingcaughtinasuddenrainstorm.B、Bysleepingwiththeair-conditioneron.C、Bytalkingtoapersoninfectedwiththe
最新回复
(
0
)