Vocabulary：

1.premise

vt.引出，預(yù)先提出；作為…的前提

n.前提；上述各項；房屋連地基

vi.作出前提

2.beef up ?v.加強

Eg.Earlier Kerry addressed state department trainees about beefing up security for diplomats.

3.tick o? some of the pitfalls識別

4.Stand still站著不動、止步不前

Eg.Rivals will not stand still.

5.whinge about抱怨不止

6.distant horizon眼界長遠、長遠的范圍

7.Capitalisation n.資本化,股本,資本總額

Eg. a market capitalisation of some $400bn市值400bn

8.virtuous circle良性循環(huán)

Eg. This virtuous circle was good for business and good for society.

9.antitrust adj.反壟斷的

Eg. antitrust law反壟斷法

Antitrust authorities must investigate the effect and purpose of an agreement to determine its legality.

Sentence:

1.Never before has a company been worth so much for so long while making so little money: 92% of its value is due to profits expected after 2020 . (because of)

2.In an era when executives routinely whinge about pressure to produce short-term results, Amazon is resolutely focused on the distant horizon.

3.In e-commerce, the more shoppers Amazon lures, the more retailers and manufacturers want to sell their goods on Amazon.

4.If Amazon’s approach to time-frames is unusual, so too is the sheer breadth of its activities.

5.t is not yet the biggest retailer in America, its most mature market. America’s antitrust enforcers look mainly at a firm’s effect on consumers and pricing.