Cover of the textbook Outcomes Upper-Intermediate - Student's Book

The key answer of exercise 3

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

Work in pairs. Discuss the questions.

Answer

You can raise capital:

  • by borrowing from a bank or financial lender (good thing is that you get ready money and often financial advice, but the bad thing is that interest rates are high)
  • by borrowing on your mortgage (good thing is that it is easy to get, but the bad thing is that you risk losing your home)
  • by getting start-up financing from the government (good thing is that it is often at low interest rates, but the bad thing is that it is hard or impossible to get)

Famous mergers:

  • Disney and Pixar (filmmaking)
  • JP Morgan and Chase (finance)
  • Exxon-Mobil (oil)

Famous takeovers:

  • Kraft and Cadbury (food)
  • Telefonica and O2 (phones)
  • Google and YouTube (technology)