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Difficulty: MediumCollocations and Fixed Phrases

Fill in the blank with the word that correctly completes the fixed collocation in the sentence below.

Answer:Rather than relying on outdated management techniques, the new corporate board decided to place a high 【premium】 on innovation and technological advancement.

Answer

The word that correctly completes the collocation is 'premium'.
The word 'premium' completes the fixed idiomatic collocation 'to place a premium on', which means to attach high value or importance to something. In this sentence, prioritizing innovation over outdated techniques requires this exact phrase.

Step-by-Step Solution

1
Analyze the context of the sentence.
The sentence contrasts outdated techniques with placing high value/importance on innovation.
Understanding the context helps determine the required semantic meaning of the missing word.
2
Identify the standard fixed collocational pattern.
The established fixed expression is 'to place a premium on something'.
In standard English register, 'place a premium on' means to highly value, prioritize, or regard something as exceptionally important.

Key Concept

Fixed Collocations: Verb + Noun + Preposition ('place a premium on')
Estimated Time:1m 0s
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Topics

Collocations and Fixed Phrases

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