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Finance & Accounting
Pages 6 (1506 words)
Cedar roofing and siding shingles are common because of their attractiveness they bring to homes.This reason makes them a commodity that is widely sort after contributing to its high demand by new homeowners as well as construction companies…
In the US alone there are, several companies dealing with the same product of Cedar roofing and siding shingles. Therefore, ABC Company has a large market to supply to raising its market share although in a very competitive market. ABC Company is a company that specializes in making cedar roofing and siding shingles. It has a 25% sales margin and has a growth target of three million in the next three years. Besides the competition, the demand for roofing sidings and shingles remains high because of the high rate of forthcoming real estate ventures. Apart from facing competition generated by several other companies, dealing with cedar in production of roofing and siding shingles, ABC tends to, also face high competition resulting from products manufactured using iron and clay, companies that operate in the same market. The prevailing fact is that, cedars products have do have a higher competitive gain over similar products that are made of iron and clay. There is also a little disadvantage of cedar roofing and siding products, the prices tend to be too high thus scaring away potential customer, who resolves to cheaper iron products. ABC Company has a high chance of maintaining its development with minimal deviation from either downwards or upwards. The deviations could be because of the tough economic patterns forcing many homeowners who would prefer cheaper clay or iron products or clay products that are meant for their roofing and siding. ...
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