Microeconomics
5th Edition
ISBN: 9781319098780
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
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Question
Chapter 8, Problem 4QFT
To determine
The reason for the success of Li & Fung
Concept Introduction:
About Li & Fung:
Li & Fung Ltd was established in 1906 in Canton and is currently headquartered in Hong Kong. It has net revenue of $18.8 billion dollars as per 2015 tax filings and it employs 22,000 employees. It deals in fashion apparels, toys, furniture and beauty products etc. It mainly serves in the US and EU primarily as a supply chain manager for departmental stores, catalogue led companies and Ecommerce sites.
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