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Essay / Research Paper Abstract
This 5 page paper looks at a case study supplied by the student and answers three questions concerning the value the company creates bringing buyers and supplier together, the placement of an order, and the internal organization of the company. The bibliography cites 3 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TElifung.rtf
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Unformatted sample text from the term paper:
and a buyer; they may not otherwise have been able to trade. There is always a downward pressure on prices; this is the reason why outsourcing has become so popular
in the latter part of the twentieth century. Outsourcing to suppliers that have lower costs can create value. The ability of buyers to source goods from suppliers that can
meet their required standards at a lower price provides several barriers. The buyers have to know where the suppliers are located and need resources to be able to make the
contacts and then form the contracts, there is also the issue of monitoring the contract as it is performed to ensure both time and quality terms are met. If there
are difficulties the resolution may be difficult, not only due to the geographical differences but also due to language barriers and cultural differences. The failure of the buyer to fully
understand the market may also lead to the purchase of goods from an inappropriate supplier. There may also be logistical barriers for buyers that do not know the local markets,
especially if the supplier is not used to exporting goods. For the suppliers there are barriers to international trade. Attracting trade from international buyers is not easy, the suppliers
have to let the buyers know that they are there, For large suppliers there may be the resources needed, but they may not be able to offer the services needed
where there are specific needs. The smaller, more flexible, suppliers will not have the resources or the skills needed to contract and create contracts with the buyers in different countries.
The market is one where there is a large mismatch in knowledge and resources. The role of Li & Fung (Trading) Ltd is to be the middle man they
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