商务英语综合教程nit 1 Changes in the Motives and Developments.ppt

3. Choose the right answers to fill in the blanks. Exercises The causes of foreign investment are quite different for subsidiaries supplying raw materials needed by their parents. The explanation of these investments at first seems obvious: How can a rubber company produce tires without 1 rubber? The more interesting question, 2 , is why the raw material source is developed by a subsidiary of the company that will process it rather than by independent firms in the country where the raw material is found. The gain from this 3 direct investment seems to be the 4 of risk. Few companies in the world refine and fabricate copper. Important deposits of copper ore occur 5 only a few locations. If independent Exercises firms produced and refined the ore, 6 would be forced to commit funds 7 the construction of large fixed facilities without any guarantee regarding the bargain they could strike with the other party. What could the ore producer do if its smelter customer 8 threatened to drop its business? What could the smelter do without an ore supply? “Vertical integration” in any industry reduces uncertainty. 9 the firms extracting raw materials must be located where the resources are, and the firms processing and selling them where the markets are, foreign investment must be 10 . 1. A 2. B 3. A 4. B 5. A 6. C 7. C 8. D 9. D 10.D 1. A. crude 2. A. therefore 3. A. vertical 4. A. replacement 5. A. in 6. A. none 7. A. in 8. A. ridiculously 9. A. But 10. A. enhanced B. raw B. though B. horizontal B. reduction B. on B. two B. on B. friendly B. Therefore B. produced C. finished C. hence C. unexpected C. recurrence C. within C. both C. to C. recently C. In case of C. distrusted D. synthetic D. furthermore D. redundant D. reproduction D. from D. one D. for D. convincingly D. Because D. involved Ⅳ. Translate the following sentences into English with the words or phrases given in the brackets.