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Subsequently, it began to produce almost all types of home-fencing equipment by the 1980’s.
The management of the company had always firmly upheld a conservative “pay as you go policy” that kept debt financing at a minimal, usually only to service temporary short-term needs. Unfortunately, the rapid growth in sales coupled with the necessity for modern automated equipment forced management to take on a term loan. The company started channeling debt financing in order to sustain its growth in sales and simultaneously be able to keep up with the rapid changes in its highly competitive market...
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