企业

As a result of tube body's revolving and the steel ball movement, the material to the discharge end proliferation, from leaves the material the midheaven journal to discharge finally gradually, mainly by the round column casing body, the backing, various warehouses board main axle altar, the charging device, the reduction gear, actuates the electrical machinery, the electrically controlled cabinet and so on composes, the company obtains the outstanding enterprise to reward many times with the heavy contract defends the credit enterprise, the post-sale service Advanced unit, is Shicheng County's Key enterprise, the metallurgy profession dressing machinery's Shareholding system, Our company and the national various Scientific research Unit carries on the close exchange cooperation.

由于筒体的旋转和钢球的运动，物料逐渐向出料端扩散，最后从出料的中空轴颈排出，主要由圆柱筒体，衬板，各仓板主轴承座，进料装置，减速器，驱动电机，电控柜等组成，公司多次获得优秀企业奖和重合同守信用企业，售后服务先进单位，是石城县的重点企业，冶金行业选矿机械的骨干企业，我公司与全国各科研单位进行密切交流合作。

As a result of tube body''s revolvingthe steel ball movement, the material to the discharge end proliferation, from leaves the material the midheaven journal to discharge finally gradually, mainly by the round column casing body, the backing, various warehouses board main axle altar, the charging device, the reduction gear, actuates the electrical machinery, the electrically controlled cabinetso on composes, the company obtains the outstanding enterprise to reward many times with the heavy contract defends the credit enterprise, the post-sale service Advanced unit, is Shicheng County''s Key enterprise, the metallurgy profession dressing machinery''s Shareholding system, Our companythe national various Scientific research Unit carries on the close exchange cooperation.

由于筒体的旋转和钢球的运动，物料逐渐向出料端扩散，最后从出料的中空轴颈排出，主要由圆柱筒体，衬板，各仓板主轴承座，进料装置，减速器，驱动电机，电控柜等组成，公司多次获得优秀企业奖和重合同守信用企业，售后服务先进单位，是石城县的重点企业，冶金行业选矿机械的骨干企业，我公司与全国各科研单位进行密切交流合作。

Shanghai light breeds course of study built 30 thousand milker raise base, signed the production that suckle a source with outskirt county farmer, collect a contract to make; 3 yuan of milk industry of Beijing are bought in succession breathe out alliance Hailaer is milkings factory, full continent Lizalai if 85 ％ of company of milkings of husband of card of Er milkings factory, Beijing are foreign equity; Shijiazhuang industry of 3 deer milk early or late with Tangshandi 2 milkings factory, Cheng Dehua breeds the 10 milkings enterprise such as company of milkings of factory of milkings of grass of source of course of study, buy, Jun Lebao undertook recombining rather; Heilongjiang is over industry of the milk that amount to hill and implementation of industry of crane king milk are amalgamative recombine, make a pine tender the 5 milkings factory of Campagna, 8 product line, treatment milkings ability increases 15 thousand T again, the development road of these successful companies makes clear: Produce advantage of ground predestined relationship, enterprise of bibcock of implantation agriculture industrialization, walk along dimensions to change management way, executive brand strategy, can make cultivate industry of course of study, aquaculture, treatment to obtain industrial chain type to develop, flourish already local economy, enhanced people health again, form the benign loop of business economic benefits and social benefit.

上海光明乳业建立了3万头乳牛的饲养基地，与郊县农户签订了奶源生产、采集合同制；北京三元乳业相继收购呼盟海拉尔乳品厂、满洲里扎莱若尔乳品厂、北京卡夫乳品公司85％外方股权；石家庄三鹿乳业先后与唐山第二乳品厂、承德华宁乳业、沽源牧场乳品厂、君乐宝乳品公司等10家乳品企业进行了重组；黑龙江完达山乳业与鹤王乳业实现合并重组，使松嫩平原的5个乳品厂，8条生产线，加工乳品能力又增加1.5万t，这些成功企业的发展道路表明：发挥地缘优势，培植农业产业化龙头企业，走规模化经营之路，实施品牌战略，可以使种植业、养殖业、加工业获得产业链条式发展，既繁荣地方经济，又增强了人民健康，形成企业经济效益和社会效益的良性循环。

Most modern theory of capital structure is based on original study of Modigliani and Miller. In the paper "Capital and Corporate Values", they proposed that under the hypothesis of complete market, which was free of tax, the corporate value was equal to the weighted average of capital cost ,having nothing to do with the capital structure.

现代资本结构理论的奠基人Modigliani和Miller(1958)在其开创性文献《资本结构与企业价值》中提出了"在完全市场的假设条件下，如果无税，一个企业的加权平均资本成本就是企业价值，与企业的资本结构无关"的命题。

The first one is capital barrier, which means a large amount of initial capital for the perfect monopolizer. This prevents the common enterprise from entrance. The second is the technical barrier, i.e. the monopolizer is in control of certain technology and knack while other enterprises not, and then the market naturally become a monopoly market. Scale economy is the most studied technical barrier. The third one is law barrier, i.e. some exclusive patent rights are protected by the law. For example, patent and copyright are the monopolizations protected by the law. The fourth one is tactic barrier, even without any of the above mentioned barriers; it can also set up barriers through other ways, such as huge amount of advertisement investment.

首先是资本壁垒，即完全垄断企业的起始资本量很大，因此一般的企业难以进入；其次是技术性壁垒，即垄断者掌握了某种生产技术和诀窍，其他企业则没有，这个市场也就自然成了垄断市场，规模经济是一种被研究得最多的技术性壁垒；第三是法律壁垒，有些独家经营的特权是由法律所规定并受到法律保护的，专利和版权就是法律特许的垄断；第四是策略性壁垒，企业即使没有上述三种壁垒，也可以通过其他方式高筑壁垒，例如巨额广告投入。

In Hi-Tech Incubation Park and the Western District Base, gymnasium was respectively installed to provide relaxing places for staff. In Hi-Tech Incubation Park, the Red Flag Multiple Shop was open and coffeehouse supported the service of buffet dinner in the noon, it supported the convenience for staff. Law Service Office was set up to provide effective service for enterprises.

高新孵化园、西区孵化园健身房启用，为广大企业员工提供锻炼身体休闲娱乐的场所；高新孵化园红旗连锁店开张，方便企业购物的需要；高新孵化园综合服务楼咖啡厅推出中西式自助餐服务，满足了企业不同进餐群体的需求；高新孵化园成立法律服务工作室，采用分工协作的方式组成律师工作团，为企业提供快捷、有效的服务。

In Hi-Tech Incubation Park and the Western District Base, gymnasium was respectively installed to provide relaxing places for staff. In Hi-Tech Incubation Park, the Red Flag Multiple Shop was open and coffee house supported the service of buffet dinner in the noon, it supported the convenience for staff. Law Service Office was set up to provide effective service for enterprises.

高新孵化园，西区孵化园健身房启用，为广大企业员工提供锻炼身体休闲娱乐的场所；高新孵化园红旗连锁店开张，方便企业购物的需要；高新孵化园综合服务楼咖啡厅推出中西式自助餐服务，满足了企业不同进餐群体的需求；高新孵化园成立法律服务工作室，采用分工协作的方式组成律师工作团，为企业提供快捷，有效的服务。

Moreover, the most important factor affecting business moral risk of listed company is the motive contract of senior manager, then following factor is the nature of enterprise, theenterprise prestige variables (natural logarithm of company asset, enterprise profits), the degree of government intervene and the degree of law and regulations.

更为重要的是，影响在复杂多变环境下运作的上市公司企业道德风险的最重要因素是高级经理人员激励契约，接着依次是企业性质、企业声誉变量(公司资产自然对数，企业盈利)、政府干预与法治水平。

Based on the features of trust between enterprises in supply chain, this paper analyzes the rules of trust in promoting normal operation of supply chain, and suggests that the cultivation of mutual trust of enterprises is the core of supply chain management.

在详细地论述供应链企业间信任的特征的基础上，深入地分析了信任在促进供应链正常运作中的作用，提出培养供应链企业间的相互信任是供应链管理的核心这一思想，对如何培养供应链企业间的信任作了细致的探讨，并分析借鉴了国内外知名企业在建立信任机制方面的案例。

In order to occupy a leading position in the industry faced with more and more challenges, modern enterprises must conduct lots of market promotion activities to popularize corporate culture and enhance corporate notability.

现代企业面对越来越多的挑战，为了保持同行业的领先水平，企业需要开展大量的市场推广活动，来推广自己的企业文化及企业知名度。

I am accused of being overreligious," she said in her quiet, frank manner,"but that does not prevent me thinking the children very cruel who obstinately commit such suicide.""

客人们在卡罗利娜·埃凯家里，举止就文雅一些，因为卡罗利娜的母亲治家很严厉。

Designed by French fashion house Herm è s, this elegant uniform was manufactured in our home, Hong Kong, and was the first without a hat.

由著名品牌 Herm è s 设计，这件高贵的制服是香港本土制造，是我们第一套不配帽子的制服。