M&A, Merger & Acquisition 并购
horizontal M&A 横向并购
vertical M&A 纵向并购
conglomerate M&A 混合并购
venture ['ventʃə] n. 风险，企业 v. 冒险，投机
franchise ['fræn(t)ʃaɪz] n. 特许经营，特许经营权
the combination of manufacturing enterprise and retailing制造企业与零售业相结合
the combination of manufacturing enterprise and wholesaler制造企业与批发商相结合
the combination of service business and retail outlets 服务企业与零售店相结合
the combination of wholesaler and retail outlets 批发商和零售店相结合
wholesale n.&adj.&v. 批发(名词，动词)，批发的(形容词)
wholesaler ['həul,seilə] n. 批发商
retail ['riːteɪl] v. n.&adj.&v. 零售(名词，动词)，批发的(形容词)
retailer ['ri:teilə] n. 零售商
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