Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...
One of the FMCG moguls Hindustan Lever has always been known to manufacture and market the fast moving consumer products like cosmetics, tooth paste, soaps, detergents and many more. In India and elsewhere they have wide network in marketing their products through their network. May be the wind of globalization tempted them to taste the water of other consumer ocean. With the well built brand-name they have, they have started with "Pureit", the water purifier. In all the metro, big, medium and small cities and towns, road shows with their newly launched products drew consumer's attention. I too was one of them in Kolkata. However buying one from one of their dealer, it worked well for first six months. But the trouble started when the battery ( the unit that filters the water) needed a change. Since that is to be replaced by the company itself, as it is not available in the market. I contacted their customer care (however the number is not toll free!), they assured me within 72 hours it would be replaced. In the mean time, the water filter unit "Pureit" stopped dripping any water, rather ran dry! Even after 96 hours there is no sign of their men to replace the unit. I rang up again to their customer service and sought a explanation. They failed to give any; not only that my further inquiry revealed that they don't have the contact number of any responsible executive of the company or the number of their franchise who is supposed to replace the battery!
This the new business venture of Hindustan Lever,that translated to be adventure with bad experience for consumers. They sell soaps and face cream, they sell well, do good business. Why that did not satisfy them is their business; but taking consumers for a ride with their "Pureit" demands an explanation.
This the new business venture of Hindustan Lever,that translated to be adventure with bad experience for consumers. They sell soaps and face cream, they sell well, do good business. Why that did not satisfy them is their business; but taking consumers for a ride with their "Pureit" demands an explanation.
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