Business test

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Title: Business test

Essay Details:

Subject: Miscellaneous

Author: Leah T

Date: June 6, 2015

Level: University

Grade: A

Length: 9 / 2496

Essay text:

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. 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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