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FACTORS INFLUENCING GROWTH

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PR-14-13

7.4. FACTORS INFLUENCING GROWTH
The sampled units were asked whether their output volumes increased over the last five years and if so what were the factors impacting on growth. The six most important factors contributing to growth are shown in Table 7.8. All of the vendors stated that the one of the main factors which led to growth over the last five years was the increase in the level of orders from their long-term relationship with their principals. The second highest level of response (91.2

72
percent) identified the diffusion of technology through the development of new parts (91.2 percent. The third most frequent response (50 percent) was for two factors leading to growth the first, the support of the principals in the form of technical support and quality assurance measures in the development of new parts, more so by the formal vendors (54.5 percent) than the informal ones (41.7 percent the second was the increased market demand for replacement parts.

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