Sales Management and Inventory Control in an Electronic Company

Topics: Economics, Lagos State, Bank Pages: 2 (511 words) Published: June 24, 2013
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 expansion....
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