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Essay heading: Li & Fung Trading Case Study
 
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Issue: Business
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Date added: April 9, 2009
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No of pages / words: 5 / 1307
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Most importantly its only those firms that have a strong established global network that succeed in this industry, firms entering this industry will require time and significant resources in order to be able to compete or prevent being acquired by the incumbents in this industry. With the increasing pace of globalization many firms have begun going directly to the manufacturers removing the need for generalized trading firms...
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Although this may seem like a significant threat to firms within the industry it is neutralized by the fact that any company going directly to the manufacturer will always be at the risk of hold up. In addition to that risk there is no way to be completely sure that they are getting the best price for their needs...
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