ECONOMICS FOR ENTERPRISE AND MANAGEMENT

Economics for enterprise and Management

Economics for Business and Management

Part A

There are many persons and enterprises joined to the home construction industry. These enterprises variety from architects to interior designers. There are contractors who are responsible for coordinating the building of the dwelling which will utilize the services of electricians, plumbers, installers, roofers, painters etc. These contractors typically subcontract diverse tasks such as plumbing, electrical work and installing a water major in alignment to complete a home. Contractors themselves are not usually adept to focus in all localities that are needed in building a home so they charter experts to get it done.

Currently one of the newest tendencies is to recycle the components that are advised waste when constructing a home. There are many markets for recycled goods which will decrease the allowance of waste that finishes up in landfills. "The construction waste and demolition debris (C&D) recycling market is growing, vibrant, but a somewhat juvenile industry that will continue to elaborate because of the continuing problems of decreased landfill space, boost ecological perception, and the opening for entrepreneurs to profit." (www.cdrecycling.org, 2005).

Opportunities

As the job market advances with a growing finances, so will the multi-family home building and genuine estate markets. The cause is due to the junior school elderly kids who will start getting jobs and then move away from home. As they proceed seeking for a place of their own, the demand for new lodgings should increase.

There will furthermore be possibilities for downtown redevelopment in cities over the homeland as the economy improves. These possibilities will arrive from multi-family organisations rather than single family homes. Demographics notify us that the 18 to 24 year olds are anticipated to boost by 3.2 million in this decade as the young kids of the baby boomers start to move out into their own dwellings (Parson, 2004).

The dwelling enhancement sector is another dwelling building opportunity. If interest rates increase as forecast, new home building and buys should start to slow down. Instead, dwelling renovation tasks should increase. The U.S. Census Department forecasts a 12 percent increase in the housing renovation market in 2005 (Parson, 2004).

The demand for the merchandise of Harvey world journey is seasonal. It comes to its top throughout the summer and Christmas vacations. This time span is called as on-seasonal period. During this period even though the charges reach their maximum customers are not reluctant to overlook the prices and go for their respective holidays. The latest revise available about the price-earning ratio (P/E) of Harvey was 12.48, which indicates that the business is doing exceedingly well. Its total market capital was $39 million. The demand for Harvey journey bureau is elastic as the increase in the cost is going to decrease the number of their customers as the customers are very reluctant to change in the cost and they would move themselves to bargain provider. In the long run, the demand for Harvey world travel goods and services will depend on the number of competitors in ...