English version

consolidation

From Longman Business Dictionaryconsolidationcon‧sol‧i‧da‧tion /kənˌsɒləˈdeɪʃən-ˌsɑːl-/ noun [countable, uncountable]1ECONOMICS when companies combine in takeovers and MERGERs, resulting in fewer businesses in an industryFurther consolidation in the sector is clearly necessary - there are 32 firms competing in one town alone.2COMMERCEwhen organizations or departments become joined togetherOther changes include the consolidation of all financial functions into one department.3COMMERCEwhen a company’s position of power or success is made stronger and more likely to continueThis is a time for consolidation, not for expansion.
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