Business vocabulary

During a recession, many companies ------ and living standards -------- .

• Close / drop

• merge / grow

• Import / expand

• Export / set up

The cost of living in Iceland is so high because so many food products have to be -------

• exported

• imported

• closed down

• merged

Prosciutto is a kind of Italian ham. Two of the best-known kinds are San Daniele and Parma, which are --------- in the Friuli and Emilia regions of Italy, and are --------- all over the world.

• exported / produced

• imported / merged

• merged / imported

• produced / exported

Apple products are easy to ---------- because people are immediately attracted to the stylish designs.

In 1989, Pepsi-Cola -------- a new product called Pepsi A.M., which was aimed at the “breakfast cola drinker.” It was an immediate flop.

The Spanish airline Iberia--------- with British Airways in 2011 and became one of the world’s biggest airline groups.

Although GAP stands for Genuine American Product, most of its clothes are --------- in Asia.

When General Mills ------- Blue Buffalo (a gourmet pet food maker), the smaller company became part of the larger organization.

The supermarket chain Tesco ------- the market leader in 1995, and is still the UK’s biggest-selling chain.

During a boom period, the economy ------ quickly and living standards improve.