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)
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