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潍坊翻译公司关键字：medium enterprises in the competitive advantage is possible. (Ordover and Saloner 1989). Some empirical studies have shown that the relative decline in market毕业论文翻译成英语文章 share in some industries, large enterprises took the lead out of competition, such as synthetic alkali industry and the British steel industry in the period of adjustment after the first exit is big business. (Ghemawat and Nalebuff 1985). China's state-owned large and medium-sized enterprises, institutional factors than negative, so the "small big squeeze" is likely to be the natural result of market毕业论文翻译成英语文章 competition.2 dedicated and strong assets, stock adjustment difficulties, resulting in lower long-term benefits and can not exitLow efficiency and long-term cotton textile industry, few companies out, one important reason is the strong exit barriers. Exit barriers in an industry mainly by the impact of asset specificity. Company翻译论文公司最专业's assets can be divided into four categories: The first is of no use after the change in product assets (assets I), also known as the sunk assets, such assets; second category is the result of the adjustment cost, you can adapt to the new production assets (assets II); third category is not able to adapt to the new product adjust the asset, but relative to new products, high cost of such assets, there is a more efficient alternative assets ( assets III); fourth products are widely adaptable assets, product change will not have to make additional cost (asset IV). (Mises 1966). Strong cotton textile industry exit barriers, difficulties in converting to other industries, the textile industry, which is due to the assets I and II of its assets, most of the assets. The first is highly specialized equipment, not universal: spindle, loom weaving and spinning only, not converting the production of other products. Followed by the technical capabilities and operational skills of dedicated work翻译毕业论文公司哪里有最权威ers is also very strong, mainly by the textile companies can develop their论文摘要翻译英文 own power product of a small number of other industries. Therefore, the so-called "stock adjustment" mode in the textile industry to other industries converting process is difficult to apply. A larger proportion of sinking capital industry, to a certain extent a loss situation to continue production, is a reasonable choice. Here, "a certain level" means the price is lower than the average cost but above average variable cost in this range. [18] Intuitively, in this context, although the resulting loss of production, but stopped production suffered more, because the fixed capital investment英文论文翻译费用多少钱 is sunk, not recovery. However, when the Company翻译论文公司最专业 is losing money, the
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