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a system, especially in a society or an organization, in which people are organized into different levels of importance from highest to lowest - hierarchy, the system of official rules and ways of doing things that a government or an organization has, especially when these seem to be too complicated - bureaucracy, goods with high quality - standardised products, permanent job - lifetime employment, the act of joining two or more organizations or businesses into one - merger, ​made or changed to suit the needs of the owner or user - customized, a thing of value, especially property, that a person or company owns, which can be used or sold to pay debts - tangible assets, a legal agreement that allows you to use a building - lease, the act of buying another company - acquisition, an owner of shares in a company or business - shareholder, a business company that is owned or controlled by another larger company - subsidiary, a company that sells goods and services on the internet, especially one whose address ends with ‘.com’ - dotcom, a company that is owned by all the people who have shares in it - joint-stock company, a person who makes money by starting or running businesses, especially when this involves taking financial risks - entrepreneur,

Unit 1: Companies

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