The Home Depot, Inc. Forecast and Recommendations

When the housing market boomed, so did construction companies and construction mannikin suppliers. Every aspect of construction had an increase in catch from development companies looking for a large supply of edifice materials, and from a large consumer group of new homeowners. As a result, a order such as The theme terminal was able to capitalize from the success of the construction and home help oneself markets. Unfortunately, the downturn in the economy is truly affecting basis memory board?s revenue. However, evaluating market conditions and market trends result religious service provide the company with the needed data to help anticipate the future market of Home fund and suggestions to consider in order to overcome the economic challenges of the future months. The Home Depot, Inc., which was founded in 1978, is the world?s largest home advancement store that operates 2,274 stores passim North America, Puerto Rico, Mexico, China, and Canada. The company is the second largest retailer in the united States following Wal-Mart, and has approximately 300,000 employees as of the ending quarter in 2008 (The Home Depot, Inc., 2009). The company supplies almost 45,000 items which argon not expressage to moreover include: lumber, floor and wall coverings, tools, paint, appliances, fixtures and almost any necessary item for home improvement.

The company marketed itself to the large homemade consumer group and created the slogan, ?You usher out do it. We can help.?Although The Home Depot dominates the home improvement market it is remote from a monopoly, it is as yet stru ctured as an oligopolistic firm. As an oligo! poly market structure, The Home Depot has very few sellers with convertible or identical products, but has numerous amounts of buyers. With competitors such as, Tru Value, woodlet Supply Hardware (OSH), magician Hardware, and its largest competitor, Lowe?s, The Home Depot must take into account the actions of... If you trust to get a across-the-board essay, order it on our website: BestEssayCheap.com

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