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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1267 |
Essay's paper body
Sales revenue from Nigerian firm is tolled $45 million, out of the total, $39.4, $5.6 are realize from Nigeria and export respectively. It got to a point where the operation in Nigeria became less attractive to Larson, doing business is more costly.
In 1999, Larson promised the Nigerian authorities that their share of local ownership would be increased over the next five to seven years- to 51% In 2003- total sales were $45 million- 88% was generated in Nigeria Approx 40% of sales made to various departments of the Nigerian government...
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Larson was making reasonable profit (10%) though they believed that with increased efficiency, they could double their profits.
Some brief fact about Larson are Subsidiaries in Canada and the United Kingdom Joint ventures in Mexico, Venezuela, Australia and Nigeria Established in 1925 by the Larson family- Still a family owned company Primary revenue stream is from the sale of power, communication, construction and control cables...
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