Unformatted text preview: -Mercedes is up-market Cash flow of Volvo in the beginning of the 90’s was negative which led to reducing labour costs. Profit before tax + depreciation = cash flow As a result of less sales Volvo reduces labour costs by firing people...
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This note was uploaded on 03/28/2011 for the course MN 1015 taught by Professor Evangelos during the Spring '08 term at Royal Holloway.
- Spring '08