练习：
1、Exxon and Mobil merged in order to （ ）
A、enter new overseas markets. B、reduce costs and improve margins. C、create the world's largest company. D、undercut competitors' prices.
2、Vodafone was able to accquire Air Touch by （ ）
A、selling highly-valued shares to customers. B、obtaining a loan based on its share value. C、exchanging shares as part of the deal. D、buying under-valued Air Touch shares.
3、Merged companies can usually increase short-term profits by （ ）
A、cutting their combined labour costs. B、boosting the company's productivity. C、using a single marketing campaign. D、selling their shares at a high price.
答案：1、B 答案信息在第一段最后一句“sought to achieve economies of scale”。规模效益是指随着经营规模的扩大，单位成本下降从而获得经济效益。2、C 答案信息位于第三段中“cash and stock swap”。该方法意味着AirTouch公司的股东除了能拿现金之外，还能拿到沃达丰公司的股票。3、A 答案信息在最后一段“ reduce their payroll by restructuring duplicated functions such as marketing and administration”在职能重叠的市场和行政。
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