Business Administration 2257 Lecture Notes - Lecture 16: Current Liability, Cash Flow
31 Mar 2017
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Document Summary
Role: mike rice, president and ceo of rice commercial group, which recently acquired phil"s. Whether to expand into excavation: how to finance. Become a larger and more dominant player in site prep. Site prep process is lengthy: 2-6 months, dependent on the size and state of the land. Thousands of small businesses: usually specialize in one step of the process. . 89 billion in annual revenue: extremely profitable. Directly influenced by construction industry: construction industry has projected investment growth of . 6 billion in on, industry growth of 1. 4, all beneficial for site prep. Large employer: hiring new employees is not a problem. Expansion of 404 creates new opportunities: makes travel easier, directly benefits ph. Location near 404 is favourable: price, reliability, convenience. Only two offer both hauling and excavation: potential to capture portion of market share. None are located in direct competition with ph. Close proximity to 404: favourable for expansion, meets customer want of proximity.
