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Jiangcc Posted 14 years ago
Grammar
Please answer my question in this passage.
FlowerLine, Inc., (Nasdaq: FLIN), the nation's second-largest online florist, posted third-quarter profits of $12 million today, beating analyst expectations by more than 2¢ per share.
Karen Trillum, asset manager at Bank West, explained that FlowerLine has taken advantage of the bear market to snap up weaker competitors and add them to its network.
In the midst of market turmoil last April that saw several companies either postpone or cancel planned IPOs, FlowerLine went ahead with its highly publicized public offering.
CityCentury's Chief of Online Markets, Dave Chan, said that FlowerLine's IPO was the first step in a string of successes for the company and that the balance between solid fiscal management and calculated risk-taking was the key to the company's steady growth.
"It was widely considered risky to take the company public at that time, but the company's management pulled it off," he said. "If the IPO had fallen through, FlowerLine would not have been able to purchase the FlowerMe and GetFlowers.com brands which have been so central to the company's success. To their credit, they capitalized on the situation and are now reaping the rewards for sound policies."
In the acquisition of FlowerMe, FlowerLine drew on its existing trade network to nurture the brand and move it from a niche market into the mainstream, and built the designer label into a cornerstone of FlowerLine's online presence.
What did Dave Chan say was one critical ingredient to FlowerLine's steady growth?
(A) sound financial decision-making
(B) the purchase of CityCentury's online markets
(C) the company's ability to avoid the market slump
(D) the company's credit rating
My answer is C, but someone told me the answer is B, can anybody explain this?
Karen Trillum, asset manager at Bank West, explained that FlowerLine has taken advantage of the bear market to snap up weaker competitors and add them to its network.
In the midst of market turmoil last April that saw several companies either postpone or cancel planned IPOs, FlowerLine went ahead with its highly publicized public offering.
CityCentury's Chief of Online Markets, Dave Chan, said that FlowerLine's IPO was the first step in a string of successes for the company and that the balance between solid fiscal management and calculated risk-taking was the key to the company's steady growth.
"It was widely considered risky to take the company public at that time, but the company's management pulled it off," he said. "If the IPO had fallen through, FlowerLine would not have been able to purchase the FlowerMe and GetFlowers.com brands which have been so central to the company's success. To their credit, they capitalized on the situation and are now reaping the rewards for sound policies."
In the acquisition of FlowerMe, FlowerLine drew on its existing trade network to nurture the brand and move it from a niche market into the mainstream, and built the designer label into a cornerstone of FlowerLine's online presence.
What did Dave Chan say was one critical ingredient to FlowerLine's steady growth?
(A) sound financial decision-making
(B) the purchase of CityCentury's online markets
(C) the company's ability to avoid the market slump
(D) the company's credit rating
My answer is C, but someone told me the answer is B, can anybody explain this?
Top answer
This is the only mention of any of the 4 answers in the text: jiangcc Dave Chan, said that FlowerLine's IPO was the first step in a string of successes for the company and that the balance between solid fiscal management and calculated risk-taking was the key to the company's steady growth.
- This is the only mention of any of the 4 answers in the text: jiangcc Dave Chan, said that FlowerLine's IPO was the first step in a string of successes for the company and that the balance between solid fiscal management and calculated risk-taking was the key to the company's steady growth.
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2 Answers
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This is the only mention of any of the 4 answers in the text:
jiangcc Dave Chan, said that FlowerLine's IPO was the first step in a string of successes for the company and that the balance between solid fiscal management and calculated risk-taking was the key to the company's steady growth.
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