BEC商务英语中级阅读题型解析2.docxVIP

Word文档下载后（可任意编辑） 第 第 PAGE 1 页 共 NUMPAGES 1 页 BEC商务英语中级阅读题型解析2  商务英语考试：BEC商务英语中级阅读题型解析2  商务英语进阶系列精品课程  1 A cautious approach can be used when calculating what a company is worth.  2 Consider personnel issues so that you have sufficient resources to fulfill your objectives.  3 In order to know if you can make a return on your investment, assess how you can add to the company you are buying.  4 Providing sufficient support for staff during the acquisition process can have a favourable outcome.  5 Take into account your long-term requirements to ensure you have the resources you need.  6 Even after investing some effort in the acquisition, it may still be necessary to withdraw.  7 Terms initially negotiated can be changed after the acquisition.  Mergers and Acquisitions  As Finance Director of plastics manufacturer VKT, Yvonne Maynart has overseen many successful takeovers  A  It is essential to build up a team to handle the acquisition so that your existing business can continue uninterrupted during the deal. It also helps to operate with spare capacity so that you can transfer people during the initial stages. A key person should be driving the acquisition process forward, although one person alone cannot assume responsibility for a large deal. It is clearly vital to do thorough research when identifying potential targets - but do not be afraid to walk away from a deal if you become aware of serious difficulties with a company you are targeting.  B  To decide on the value of any target business, you must first determine what contribution your acquisition can make to it. For example, you may be able to increase revenue through a more focused management team, or improve margins through greater purchasing power and lower costs. At VKT, we base our valuations on conservative assumptions - we also add in the risk element. This approach may be best, and its worth remembering that with listed companies,