UNIT 12:

COMPETITI
ON

LISTENING 2
LECTURER: NG THAO TRANG
LISTENING:
THE COMPETITION COMMISSION
Rory Taylor – Media Relations Manager for the
UK’s Competition Commission.
CD2.36
Commission (n) /kəˈmɪʃ.ən/: a group of people who have been formally
chosen to discover information about a problem or examine the reasons
why the problem exists.
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1. It carries out investigations into particular mergers and markets in the UK
and into regulated industries.

2. To see if the ownership structure is in the interests of consumers (i.e. to see if

it is a competitive market)
 F. It’s a public company
F. It looks at matters in regulated industries
F. Water, energy,
communication
T
T
F. It’s ‘ownership structure’

T
 an occasion when two or more companies or organizations join together
to make one larger company.merger (n) /ˈmɝː.dʒɚ/
 a group of people who have joined together for a particular reason. body (n)
 a type of business that is controlled by government rules. regulated industry (n)
 the introduction of something new that is necessary or helpful to a
injection (n) /ɪnˈdʒek.ʃən/
situation or process.
 attracting a lot of attention and interest from the public and newspapers,
television, etc. high-profile (a) /ˌhaɪˈproʊ.faɪl/
 something that brings someone advantages or that affects someone or
something. interest (n)
MERGERS AND ACQUISITIONS
ABBREVIATION: M & A

the activity of combining with or buying another company or

advising another company on how to do this.
Ex: Mergers and acquisitions formed part of the group's growth strategy.

• acquisition (n): when one company buys another one, or part of

another one.
• merger (n): a situation when two or more companies, organizations,
departments, etc. join together.
CD2.37
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 ynamics
uppliers roviders
layers
oncentrated
oncentration
ompetitive

tatic
 (v): to act in a particular way as a direct result of something else. react
 (adv): in comparison with other similar things or with what you expect.relatively
 (v): a sudden or complete change, especially of one person or thing for
another. switch
 (n): the forces that control the relationships people or things have with each
other and how those relationships can change. dynamic
 (v): to use something. exercise
 (adj): done carefully and in great detail. in-depth
 (adj): not moving or changing. static
CD2.38
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static switching
competing
prices innovation choice
 enquiry
Essentially
energy remote
in nominal terms
changing
consequently
 (n): a container that holds liquid or gas. tank
 (adj): in name or thought but not in fact or not as things really are. nominal
 (n) a tube inside which liquid or gas flows from one place to another.pipe
 (adj): A …….. area, house, or village is a long way from any towns or
cities. remote
 (adj): of, relating to, or within a person's own country.domestic
THE END