6.1

Question 1

strategic alliance (with sb)

Answer 1

an agreement between two companies

Question 2

agreement

Answer 2

a negotiated and typically legally binding arrangement between parties as to a course of action

Question 3

codeshare agreement

Answer 3

an agreement between airlines to sell seats on each other’s flights

Question 4

airline

Answer 4

an organization providing a regular public service of air transport on one or more routes

Question 5

provide a service

Answer 5

perform duties that help someone else

Question 6

passenger

Answer 6

a traveller on a public or private conveyance other than the driver, pilot, or crew

Question 7

goods

Answer 7

merchandise or possessions

Question 8

competitor

Answer 8

a person who takes part in a sporting contest

Question 9

competitive

Answer 9

relating to or characterized by competition

Question 10

knowledge

Answer 10

facts, information, and skills acquired through experience or education

Question 11

resources

Answer 11

a stock or supply of money, materials, staff, etc., to function effectively

Question 12

expertise

Answer 12

expert skill or knowledge in a particular field

Question 13

expand your reach

Answer 13

extend the range of our activities

Question 14

destination

Answer 14

the place to which someone or something is going or being sent

Question 15

objective

Answer 15

a thing aimed at or sought; a goal

Question 16

market leader

Answer 16

a company with the largest market share in an industry

Question 17

network

Answer 17

a group or system of interconnected people or things

Question 18

partner

Answer 18

either of a pair of people engaged together in the same activity

Question 19

partnership (with sb)

Answer 19

the state of being a partner or partners

Question 20

potential (for sth)

Answer 20

latent qualities or abilities that may be developed

Question 21

cooperation

Answer 21

the action or process of working together to the same end

Question 22

sums (of money)

Answer 22

a particular amount (of money)

Question 23

domestic

Answer 23

existing or occurring inside a particular country

Question 24

investment

Answer 24

the action or process of investing money for profit

Question 25

outweigh

Answer 25

be heavier, greater, or more significant than

Question 26

acquisition

Answer 26

the action of taking over a company in a peaceful way

Question 27

acquire

Answer 27

to buy or obtain

Question 28

takeover

Answer 28

the buying out of one company by another in a not-friendly way

Question 29

take over

Answer 29

to assume control

Question 30

joint venture

Answer 30

a commercial enterprise undertaken jointly by two or more parties

Question 31

long-term

Answer 31

occurring over or relating to a long period of time

Question 32

regulatory approval

Answer 32

the formal authorization granted by a government agency

Question 33

equity stake

Answer 33

the amount of ownership of a company, usually in percentage terms

Question 34

shareholder

Answer 34

an owner of shares in a company

Question 35

synergy

Answer 35

a combined effect greater than the sum of separate effects

Question 36

turnaround

Answer 36

an abrupt or unexpected improvement

Question 37

win-win

Answer 37

a situation in which each party benefits in some way

Question 38

domestic market

Answer 38

the supply and demand of goods/services within a country

Question 39

gain an advantage (on sb)

Answer 39

to win something

Question 40

build a foundation

Answer 40

to create structural or strategic support

Question 41

strong presence (in a market)

Answer 41

signaling comfort, confidence, and trustworthiness

Question 42

share knowledge and resources

Answer 42

open communication and documentation among parties

Question 43

greater access (to sth)

Answer 43

an increased ability to obtain or use something

Question 44

expand your business

Answer 44

when a business grows to boost revenue or profits