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Essay / Research Paper Abstract
A 15 page paper providing a plan for a US textile manufacturer to expand to the West African nation of Benin. Africa is the most promising of all the continents to which MidSouth Textiles could expand. Costs are rising where they are not already high, and MidSouth needs to locate in an area where costs still are low for the expansion to be profitable. Elimination of textile import quotas as of January 1, 2005 is expected to radically change the global textile market as it now exists, creating a market in which buyers choose suppliers based on quality of course, but based first on price. As a stable democracy dedicated to economic development, Benin provides a promising venue for MidSouth Textile’s international expansion. Includes an appendix and Table of Contents. Bibliography lists 10 sources.
Page Count:
15 pages (~225 words per page)
File: CC6_KSbizPlBenin.rtf
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Unformatted sample text from the term paper:
Management Team 4 Financial Plan 4 Monthly Cash Flows 5 Cash Flows 6 Balance Sheet 7 Capital Required 7 Marketing Plan 8 Responsible Operation 8 High Quality 9 Price 9 Distribution 11 Location Analysis 11 Manufacturing Plan 13 Conclusion 14 Appendix 17 The Global Textile
Industry 17 Offshoring Offshored Production 18 Executive Summary The migration of manufacturers to areas of lower production and labor costs has become
a reality of any business involved with the production of some product; the textile industry is doubly affected by the trend. MidSouth Textiles to date has chosen not to
"go global," but the opportunities present in the West African nation of Benin indicate that now is the time for MidSouth to join virtually every other textile manufacturer in the
developed world. Africa has long been viewed as one of the big emerging markets of the world, but political instability and disease have
delayed Africas acceptance of that role. Benin has been stable for a long while, and its government is committed to using the benefits of capitalism and free trade to
elevate the standard of living of its people. Because costs are so low in this country where per capita GDP is only $1,100,
expanding into Benin will require only $1.5 million. In return for this investment, MidSouth Textiles can expect to profit well while also positively contributing to the economic growth of
Benin in a sustainable and ethical manner. Elimination of textile import quotas as of January 1, 2005 is expected to radically change the
global textile market as it now exists, presenting unique opportunity for MidSouth Textiles to expand internationally. Company Background MidSouth Textiles is an established
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