The key answer of exercise 2
The key to exercise solutions in chapter 16 - Stiff competition for the textbook Outcomes Upper-Intermediate - Student's Book with authors Hugh Dellar and Andrew Walkley from National Geographic Learning
Question
Complete the story with these words.
Answer
- set up (set up a company = start or launch a company)
- raised (raise the capital = collect, perhaps by borrowing from banks, the money needed)
- loss (if a company runs at a loss, it continues to trade but is spending more money than it makes)
- broke even (= started making the same amount of money as we were spending)
- expanded (= got larger)
- merge (if two companies merge, they join together to form one company)
- turnover (a company’s annual turnover is the value of the goods sold each year)
- taken over (a takeover differs from a merger in that one company buys out and owns another company – sometimes it is hostile, meaning that the targeted company doesn’t want to be taken over)
- competition (stiff competition = very strong, aggressive competition in the market, where other companies are trying to be more successful)
- venture (business opportunity)
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