The world of business and industry TEST YOUR VOCABULARY 5 (ADVANCED)

TEST YOUR VOCABULARY 5 (ADVANCED)

33. The world of business and industry

Complete the sentences using words from the box. Put the words into the correct form. brand corporate identity economies of scale flexible forecast output market forces productivity profit margins restructure salaries subsidiary takeover training wages 1 A big German company is planning a ___takeover___ of British bicycle maker Rollo Ltd. 2 In agriculture, ________ have been squeezed by higher fuel costs and increasing competition from imports. 3 Failing internet giant, XZL.com will ________ its management, with the loss of dozens of executive jobs. 4 The ________ of workers in our factory are below average, but they do receive other benefits. 5 We plan to increase management ________ by 17% again this year, as we need to attract high quality applicants. 6 The profit ________ for the next half year is almost $2 billion, which is quite healthy in the view of US analysts. 7 Fizzycola is a wholly-owned ________ of Megacola, but enjoys much independence from the paent company. 8 Our emphasis this year will be investment in ________, we believe that the skills of the workforce are our greatest asset. 9 This company is very big and of course saves money through ________. But at the same time it is difficult to manage. 10 We want to see Krunch-Bar become the best-known ________ in the chocolate snack market. 11 The new logo and colours on our publicity brochures are important in establishing our ________. We need to be seen as fresh, young, dynamic – but at the same time committed to quality. 12 Our prices are pushed up and down by ________, as are everyone’s else’s. we have to work with that. 13 They are producing the same number of units as last year – in other words, ________ has remained constant. 14 We have lost a lot of staff, we are still achieving the same output. So ________ has risen – that’s the key to our success. 15 Our workforce is now very ________; they will take on different jobs and move from one plant to another.

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