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精選詞彙 Vocab #021: China's Luckin coffee chain

· 精選詞彙單元 Vocab

Summary:

This article discusses China’s failing coffee chain and how copying a successful business, this time Starbucks, is not always a recipe for success. Over-expansion and ignoring profit in favor of growth is a recipe for disaster.

Vocabulary and Sample Sentences:

Acclaimed: to welcome / praise somebody/something

  1. Is Roma an acclaimed movie?
  2. Did Mozart garner much acclaim?

Rival: a competitor

  1. Are Apple and Samsung rivals?
  2. Does Youtube have a viable rival yet?

Collateral: something valuable used to secure a loan

  1. Do banks require collateral to secure loans?
  2. Can a reputation serve as collateral?

Burn through: use up

  1. Did you burn through your allowance last weekend?
  2. Is it easy to burn through your holiday budget? 
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