Business test

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Issue:

Miscellaneous

 

Written by:

William W

 

Date added:

February 28, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2496

 

Was viewed:

1279 times

 

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Essay content:

He was constantly looking for new business and market opportunities. There was an increasing international trend for electrical equipment, such as washing machines and televisions, to be sold in large out-of-town retail outlets to take advantage of economies of scale. Derek's market research highlighted that there were no such retail outlets in the suburbs of several large Australian cities...
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Derek's market research highlighted that there were no such retail outlets in the suburbs of several large Australian cities. To take advantage of this business opportunity he developed a business plan and obtained a $1.5 million bank loan (some of which was secured against his house) to open out of town electrical retailing outlets in the suburbs of Melbourne...
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