Preview

Sales Management and Inventory Control in an Electronic Company

Good Essays
Open Document
Open Document
511 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Sales Management and Inventory Control in an Electronic Company
GENERAL DESCRIPTION OF THE AREA OF STUDT.
Alaba International Market (Electronics) is the largest electronics market in Africa where all major international brands of electronics and allied products are offered for sale. The market situates in Lagos, the economic hub of Nigeria and the commercial nerve-center of commerce in Africa.
The market occupies a land area approximately 2km by 1km on the Ojo Igbede Road. The on-going reconstruction work in Lagos by the action Governor, Alhaji Babatunde Raji Fashola, makes a drive to Alaba International Market (Electronics) easy and pleasurable. The market can be accessed from Badagry on the Badagry-Oshodi-Apapa Expressway through Iyana Iba or Volks; and can also be reached from any part of Lagos via Mile 2/Festac Town to Volks.
The market is managed by dedicated men of integrity who ensure that no customer is short changed by any seller in the market. Security is assured and any dissatisfied customer can contact the Market Task Force personnel who will readily assist such customer
In view of the fact that all electronics products, from communications, broadcasting, computers, televisions, videos, home appliances, refrigerators, musicals, video games to generators, satellite systems, general goods etc are available in this market, buyers throng this market from as far as Ghana, Niger, Chad, Togo, Benin Republic, East Africa etc. to make their purchases.
In Nigeria, resellers from almost all major cities come to Alaba International Market (Electronics) for their supply of electronics and allied products
Other ancillary products and/or services to be found in this market include financial services such as banking, mortgage banking, microfinance, stock broking, investment consulting, etc.
STATEMENT OF PROBLEM
It has been observant that one of the reasons for the slow growth of Alaba International Market (Electronics) in Nigeria is their limited to long and medium credit facilitates for the assets and necessary

You May Also Find These Documents Helpful

  • Good Essays

    The traditional homeland of the lgbo people lies in the south-eastern region of Nigeria. The geographical location of Igboland lies between the great River Niger and Cross Rivers State, with the Ibibio, Ijo, Igala, Idoma, and Edo as their neighbours. The ancient settlement at Igbo-Ukwu in Eastern Nigeria was an outpost for West African's long-distance trade routes, one of which was the Trans-Saharan trade routes. The main items traded were gold, slaves, salt, cowry shells (the major unit of currency). Others are weapons, expensive clothes, pepper, ivory, kola nuts and leather goods.…

    • 791 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The growing market segment could attract major competition The various growing markets in the developing countries may attract various investors and competitor organizations Implication: This may cause fierce competition with competitor firms in such growing markets, which may lead to low profits or closure of stores located in such regions Long-term Objectives i. To expand the firm aggressively and give average returns to shareholders of the company ii. To become the most preferred and the leading innovative electronics distributor within the national markets of United States and entire world at large iii.…

    • 2801 Words
    • 12 Pages
    Good Essays
  • Better Essays

    Sherwood Management has decided to enter a new international geographic market, specifically Nigeria. Potential customers in Nigeria will be visiting your plant in the next month.…

    • 942 Words
    • 3 Pages
    Better Essays
  • Good Essays

    black market in exchange for work and passports. The main focus is a Nigerian doctor, Okwe,…

    • 689 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Summary Africa Rising

    • 1326 Words
    • 6 Pages

    Most African countries have greater population than the most if the world’s developed countries. And since most of the countries share a common culture, language and trade, they can be bundled together into a larger market. Most foreign investors seek to expand their business into surrounding countries and Europe to grow. Most people say that Africa is landlocked. But the fact is most of the countries have inadequate infrastructure and connections to keep contacts with foreign land. But thankfully the invention of airlines and cell phones has helped the issue. Through this means of communications, strategies can be built internationally and interoperability is made easier and simple. Businesses have expanded across the continent due to such innovations.…

    • 1326 Words
    • 6 Pages
    Satisfactory Essays
  • Best Essays

    portfolio of products already being offered to the market of Nigeria, and how the current…

    • 3889 Words
    • 16 Pages
    Best Essays
  • Powerful Essays

    Tax Compliance

    • 27836 Words
    • 112 Pages

    List of Tables Page Table 1: Table 2: Table 3: Table 4: Table 5: Table 6: Table 7: Table 8: Table 9: Table 10: Table 11: Table 12: South-South Exports 2005 Economic Structure of East African Countries Market size indicators Access to telecommunication services Eligibility for EU and USA GSP access Summary of MFN applied tariffs rates MFN applied duty rates by product group Frequency distribution Share of duty free imports in each product category Implicit import duty rates Annual growth of Ethiopia’s export to the EAC and Sudan Import share of EAC and Sudan from Ethiopia by broad product…

    • 27836 Words
    • 112 Pages
    Powerful Essays
  • Powerful Essays

    Life Straw

    • 6712 Words
    • 27 Pages

    1501, Jumeirah Business Center 2 P. O. Box 214354, Dubai United Arab Emirates Tel. : +971 (0) 4 368 1321 / 1322 Fax : +971 (0) 4 368 1323 E-mail : dubai@vestergaard-frandsen.com Regional Office (West Africa) Vestergaard Frandsen West Africa Ltd. 15 Josiah Tongogara Street Labone, Accra Ghana Tel. : +233 (0) 21 775 781 / 776 442 Fax : +233 (0) 21 776 914 E-mail : ghana@vestergaard-frandsen.com Regional Office (Central Africa) Vestergaard Frandsen Nigeria Ltd. 4th Floor, Orji Uzor Kalu House, 1st Avenue, Off Ahmadu Bello Way, Central Business District, Abuja Nigeria Tel. : +234 (0) 9 781 8651/ +234 (0) 9 874 8490 E-mail : nigeria@vestergaard-frandsen.com Regional Office (South Asia) Vestergaard Frandsen (India) Pvt. Ltd. 302, Rectangle One, Saket, New Delhi - 110017 India Tel. : +91 11 4055 3666 Fax : +91 11 4055 3600 E-mail : india@vestergaard-frandsen.com Communications Office Vestergaard Frandsen New York 100 Park Avenue, 16th Floor, New York, NY 10017 USA Tel. : +1 212 984 1026 E-mail : media@vestergaard-frandsen.com…

    • 6712 Words
    • 27 Pages
    Powerful Essays
  • Powerful Essays

    he distinct way of life of a people, define its culture and tradition, an unspoken or unwritten guide for people to identify such group with. A period when what is beyond the ordinary is celebrated with the scenic frills, and thrills of glamoursous funfair making corporate brand participant the envy of competition. This evolution is the timeless essence of an existence strong enough to provoke remarkable global interest and fellowship, draw people from far and near to a melting point of leisure seen with the finest presentation of a race's cultural heritage. It was indeed a tourist delight as well as money spinner for the organizers in Lagos State. A renaissance of a people's true way of being. The undoubted pride of Lagos. Eyo Festival. The Adamuorisha play was certainly, a heritage for Lagos State. Eko or the city of Lagos and the home of Eyo, the economic capital of Nigeria, reputed for more traditional or cultural mosaic which include Elegba, Ota and olokun among others was a beehive recently. Primordially the Eyo or Adamourisha play is shrouded in Lagos…

    • 2547 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Develop and mention the Produce Buying Company Limited as the most attractive dealer in cocoa, sheanut and any other cash crop in the West Africa sub-region.…

    • 2178 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Technology: is a very important factor for business like Afro-Caribbean because it will also operate on online. Therefore, we will as well depend on internet, communication, email marketing, e-commerce marketing, transportation, telephones, Facebook and tweeter and so on to sell our products.…

    • 815 Words
    • 4 Pages
    Satisfactory Essays
  • Best Essays

    Today, Artee Group is one of the leading retailers touching the lives of many Nigerians in the consumption space. Although the group has subsidiaries involved in real estate, manufacturing and exports, retailing remains its core business. The retailing business boasts of Park ‘n’ Shop, Home & Office Decor ' Millennium, Supermarket Chain SPAR, table water brand Cascade, Quick Serve Restaurant Cakes 'n ' Bakes, premium lighting Searchlight among others. According to Artee’s official website (http://www.arteegroup.com, n.d), as the group celebrates 25years, their statement of purpose remains 'Adding value beyond limits ' while their strategic objective as an organization is to make only items that meet excellent guideline available to customers for an unbeatable low price.…

    • 2159 Words
    • 9 Pages
    Best Essays
  • Best Essays

    Henry MUTEBI Department of Procurement and Logistics Management Makerere University Business School P.O. Box 1337, Kampala, Uganda. Patrick KAKWEZI Department of Procurement and Logistics Management Makerere University Business School P.O. Box 1337, Kampala, Uganda. Dr. Joseph M. NTAYI, PhD Department of Management science Makerere University Business School P.O. Box 1337, Kampala, Uganda.…

    • 4224 Words
    • 17 Pages
    Best Essays
  • Good Essays

    With the ever growing number of immigrants standing at around 250 million globally with 30 million of these being from Africa and better still 19 million of them being migrations within Africa and with the ever growing number people moving within the East African region for leisure, business or seeking job opportunities, it was clear that the potential number of transactions within the region was increasing and Western union identifying this decides to apply their marketing mix in terms of place or location by changing their strategy by focusing on the East African region and the African continent as a whole.…

    • 1454 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Research Abstract

    • 276 Words
    • 2 Pages

    A mixed methods approach consisting of a descriptive survey of 136 traders and a case study of two traders was adopted.…

    • 276 Words
    • 2 Pages
    Satisfactory Essays