Exercise 1: Complete the text about figures with the given words: economic downturn, project, revenue, segment
Exercise 1: Complete the text about figures with the given words: economic downturn, project, revenue, segment, constitute, rise, domestic, workforce. As you are aware, our performance this year has been unsatisfactory. Our revenue in Europe experienced a decrease of 13 percent in the previous quarter, marking the largest decline in percentage to date. Specifically, our revenue amounts to $1.34 billion. The recent financial crisis had a severe impact. Initially, we lost a significant portion of our Asian clientele, which constitutes around one-sixth of our total clients. Additionally, our currency depreciated, resulting in the Euro becoming stronger than the Dollar. Fortunately, the experts have projected some positive figures. They anticipate an increase
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, there was a decrease in demand for our products within the domestic market, primarily due to the economic downturn. This downward trend in sales led to a decline in revenue.To counteract this situation, we have initiated a new project aimed at diversifying our customer base and expanding into untapped markets. This project will focus on targeting a specific segment of consumers who have shown an interest in our product line.
In order to successfully implement this project, we will need to allocate resources and manpower appropriately. Our current domestic workforce may not be sufficient to handle the increased workload, so we will have to consider hiring additional employees.
Despite the challenges we have faced, there is some positive news. Our revenue in other regions has seen a rise, which partially offsets the decline in Europe. These regions include North America and South America, where we have successfully maintained and even expanded our customer base.
In conclusion, while our recent financial performance has been negatively impacted by the economic downturn and declining revenue in Europe, we are taking proactive measures to address these issues. Through our new project and efforts to diversify our customer base, we aim to improve our overall performance and overcome the obstacles we currently face.