精選詞彙單元 Vocab EP.021: 星巴巴的勁敵 China's Luckin coffee chain (回顧)

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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.
Full article: https://www.15mins.today/blog/599-viewing-china-through-the-coffee-cup

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?