首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
The Finance Instability Causes a Huge Hazard Since the Great Recession began in December 2007, Deere, the world’s largest ma
The Finance Instability Causes a Huge Hazard Since the Great Recession began in December 2007, Deere, the world’s largest ma
admin
2013-06-05
86
问题
The Finance Instability Causes a Huge Hazard
Since the Great Recession began in December 2007, Deere, the world’s largest maker of farm equipment and a major builder of construction machinery, has watched earnings plummet by hall Construction sales worldwide fell by 45% last year alone, and agricultural sales sank more than 15%.
It is no small feat, then, that Deere earned $ 873 million in 2009 on sales of $ 23 billion. That’s because the manufacturer today is more focused on making profits than on just making tractors. "Deere’s competitive advantage has always been a superior product and tremendous brand loyalty," says Morgan Joseph & Co. analyst Charles Rentschler. "But it performed better this down cycle than ever before because of the tight cost controls and excellent execution it already had in place."
Deere operates in two of the most cyclic industries. The $ 87 billion agribusiness sector, is about as predictable as the weather. Still, Deere can count on the fact that people need to eat. Construction remains troubled. Volumes shrank as much as 80 % during the downturn’s lowest point. Still, housing starts showing some signs of life in January, and after such a prolonged drop, the $30 billion construction-machinery business can "expect a bounce people simply need to replace equipment again", says Morgan Stanley analyst Robert Wertheimer. "So we do think there is a recovery at hand, though it could be in 2011, not 2010."
Yet Deere’s strong performance in the most recent downturn is hitched to CEO Bob Lane, who stepped down in June. Lane diligently cut costs and unprofitable businesses. He also added a novel profit driver; a capital charge of about 1 % a month that managers must "pay" before they can report any gain internally—in other words, 12% annual profit before break-even. During Lane’s tenure, Deere saw record earnings, soaring free cash flow and a quintupling of its stock price.
When the housing bubble burst, an efficient and effective Deere was ready. Despite collapsing sales, it was able, to avoid major staff reductions—most of the 1,500 workers Deere laid off or on holiday are already back on the job. "Deere was ahead of the curve when it came to cost controls and data collection, so as soon as demand started to drop, it could shut down production and keep inventories low," says Alex Blanton, an analyst at Ingalls & Snyder. "That also means there will be little lag time in its recovery."
Which one is NOT true about Deere’s two industries?
选项
A、The agribusiness sector can still make profit for people need to eat.
B、Construction sector still suffers trouble and needs time to recovery.
C、The sign of recovery in housing brings good news to Construction sector.
D、Its agribusiness sector earns Deere company $ 87 billion every year.
答案
D
解析
根据题干关键词two industries定位到文章第3段第2句:The $87 billion agribusiness sector,is about as predictable as the weather.但是无法根据这个推断$87 billion指的是每年的销售额还是利润或是其他。
转载请注明原文地址:https://kaotiyun.com/show/kAd4777K
0
考研英语一
相关试题推荐
Inthefollowingtext,somesentenceshavebeenremoved.ForQuestions41-45,choosethemostsuitableonefromthelist(A、B、C、
Inthefollowingtext,somesentenceshavebeenremoved.ForQuestions41-45,choosethemostsuitableonefromthelist(A、B、C、
Mostofusaretaughttopayattentiontowhatissaid—thewords.Wordsdoprovideuswithsomeinformation,butmeaningsare(1
Mostofusaretaughttopayattentiontowhatissaid—thewords.Wordsdoprovideuswithsomeinformation,butmeaningsare(1
WhentheVikingsinvadedGreatBritain,theydidmorethanslaughterthepopulation,ransackthecitiesandscorchtheearth.Th
YouaregoingtoreadatextaboutstudyingintheUnitedStates,followedbyalistofexamples.Choosethebestexamplefromt
TheoverallattitudeofthewritertowardstheFrenchsoccerteamis______.Theword"crown"attheendofparagraph3issimi
Inthetwodecadesbetween1910and1930,overtenpercentoftheBlackpopulationoftheUnitedStateslefttheSouth,wheremo
Youfellillandneededanoperation.ThedoctorsofTallOaksHospitalcarriedoutanoperationonyou.Writeraletterofthan
WhydidtheEUseldomfinancebasicscientificresearchinthepast?AccordingtoERCsupporters,scientistsarenotreachingt
随机试题
雨天安全行车的注意事项是什么?
教育目的既是一切教育工作的(),又是一切教育活动的()。
近年来,全国医疗卫生行业作风建设的成果得到体现的情况是
下列标准成本差异中,通常由采购部门承担主要责任的是()。
短时记忆保持的时间大约是2秒到5秒。()
静,就是潜下心来,保持安静,有些年轻人缺乏安静的耐心,一味追高频率、快节奏的生活,一静下来就不习惯,觉得无聊。譬如酒和茶,他们更爱酒的热烈刺激,较少去品茶中滋味。他们遇事急躁,做事浮躁,还没想好要干什么,怎么干好,就急吼吼做方案、拿计划,一旦遭遇挫折,又不
夹心层是指游离在政府保障与市场之外的无能力购房的群体,如不符合廉租房条件但又没有钱买经济适用房的群体,以及没资格买经济适用房但又买不起商品房的群体。根据上述定义,下列最可能属于夹心层的是:
《民法通则》第37条规定:“法人应当具备下列条件:(一)依法成立;(二)有必要的财产或者经费;(三)有自己的名称、组织机构和场所;(四)能够独立承担民事责任。”试分析该条法律规定。
【B1】【B17】
ThewritingoftheConstitutionoftheUnitedStatesisanactofsuchgeniusthatphilosophersstillwonderatitsaccomplishme
最新回复
(
0
)