剑桥BEC高级真题第四辑TEST4.docVIP

BEC 真题 第四辑高级 Test 4 READING 1 hour PART ONE Questions 1-8 ? Look at the statements below and the five extracts from company reports on the opposite page. ? Which extract (A, B, C, D or E) does each statement (1-8) refer to? ? For each statement (1-8), mark one letter (A, B, C, D or E) on your Answer Sheet. ? You will need to use some of these letters more than once. ? There is an example at the beginning (0). Example： 0 Certain other firms are competing with this company for the first time. 1 Some of this companys outlets were affected by competition from its own new outlets. 2 This company expects the number of companies in its sector to be reduced. 3 Not all of this companys competitors are increasing their turnover. 4 This company has had to allow for covering a loss made on a particular contract. 5 This company has paid off the money it owed. 6 It is likely that this company will make more money on reduced sales revenue. 7 Some of this companys outlets will be required to change their name. 8 This company has decided against going ahead with a plan. A COLEMAN ’S As was widely reported, we closely examined the possibility of merging with a food-distribution business during the year. However, whilst the strategic rationale for combination was sound, it became clear that it would not be in our shareholders’ best interests to proceed with the deal, with its risk of increasing debt. Instead, we intend to concentrate on our core activity. Nevertheless, the market within which we operate it fiercely competitive, and the advent of new entrants is creating market conditions in which continued earnings growth will become increasingly challenging.  B SHERIFF This is a momentous period for the pharmaceutical industry. Against the background of scientific and economic change, we are seeing inevitable further consolidation of what remains one of the most fragmented of the great global industries. Sheriff will not shrink from participating in this process if circumstances ne