Business2 week11
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Transcript of Business2 week11
BUSINESS ENGLISH 2 11week
business english 2 – week 11
Unit 17 – 19Futures & DerivativesMarket Structure & CompetitionTakeovers, Mergers & Buyouts
Business English 2 – week 11Professor Hayashi
BUSINESS ENGLISH 2 11week
S.No. Slide Name Slide No
1. Attendance & Homework Check 0
2. Review Presentation (Unit 14 – 16) 0
3. Unit 17 – Futures & Derivatives 3-4
4. Unit 18 – Market Structure & Competition 5-7
5. Unit 19 – Takeovers, Mergers & Buyouts 8
6. Homework 9
Today’s Class
BUSINESS ENGLISH 2 11week
1.B2.A3.F4.C5.E6.D
Unit 17 – Futures & Derivatives
Vocabulary – exercise 1A pg. 100
helpful link:http://hubpages.com/hub/options-futures-and-hedging-meaning-features-similarities-and-differences
Define the main features and teach your group.
Futures, Hedging & Speculating, Options and Swaps
BUSINESS ENGLISH 2 11week
Futures, Hedging & Speculating, Options, Swaps
BUSINESS ENGLISH 2 11week
Unit 18 – Market Structure and Competition
Warm up - Discussion
Read through the discussion on page 106 and have a quick chat in your groups-market leader (#1)-market challenger (#2)-market follower (#3,4,etc)
Market Leaders, Challengers, Followers
Read through pg. 107 and write headings for each paragraph in your groups
BUSINESS ENGLISH 2 11week
Market Leaders, Challengers, Followers – pg. 107
1. Market Leaders2. Expanding Markets3. Market Challengers4. Market Followers5. Establishing a Niche/ Dangers
Faced By Market Followers
* read second summary on page 108
BUSINESS ENGLISH 2 11week
Unit 18 - Vocabulary
pg. 109 exercise 2A, 2B
Answers – 2A1.perfect competition2.monopoly3.monopsony4.natural monopoly5.monopolistic competition6.oligopoly7.economies of scale8.barriers to entry9.dominant-firm oligopoly10.cartel
Answers – 2B1.monopsony (the government should be the only buyer)2.an oligopoly (dominated by a few large suppliers)3.perfect competition (no barriers to entry)4.monopolistic competition (because of consumer preference for several marginally different brands, which creates fragmented markets too small to allow many competitors)5.a dominant-firm oligopoly (IBM – although, mainframes have now mostly been replaced by smaller computers)6.a monopoly (regarding ownership of the railway tracks)
BUSINESS ENGLISH 2 11week
Unit 19 – Takeovers, Mergers and Buyouts
Do exercise 1A on pg. 112
ANSWERS 1A1. to innovate (innovation)2. to diversify (diversification)3. to merge (a merger)4. a raid5. a takeover bid6. horizontal integration7. vertical integration8. backward integration9. forward integration10. synergy
DO WRITING EXERCISE ON PG. 1181.for example2.Furthermore3.Yet4.in other words5.on the contrary6.Moreover7.for instance8.Even though9.i.e.10.however11.Nevertheless12.Although13.because14.Consequently
BUSINESS ENGLISH 2 11week
11week
Homework
Visit the Facebook Group page to answer the question!