Power Tools
Few products are truly necessary to the average consumer, and even fewer products become omnipresent. Examples of such products are automobiles, clothing, food, and shelter. Power tools are another such product. Any individual who has undertaken a home improvement project has most likely purchased and used power tools. While power tools range from the largely ordinary (i.e., drills) to the vastly complex (i.e., tools used on large-scale construction projects), it is clear that power tools have become an integral component in nearly every individual's life.
This paper analyzes and examines the multitude of issues related to power tools. Part II discusses statistics regarding power tools, companies and competition in the industry, government regulation, and health hazards. Lastly, this paper concludes with recommendations about whether the company should manufacture power tools in its excess plant space.
STATISTICS REGARDING POWER TOOLS, COMPANIES AND
COMPETITION IN THE INDUSTRY, GOVERNMENT REGULATION, AND
HEALTH HAZARDS
In order for the company to make a well-informed and researched determination of whether it should manufacture power tools in its excess plant space, various issues must be addressed. This section examines statistics regarding power tools, companies and competition in the industry, government regulation, and health hazards. By examining these various issues in depth, the company will be better equipped to determine whether it should manufacture power tools in its excess plant space.
Presently numerous companies manufacture and sell power tools and competition is healthy and robust.
Some of the more well-known companies involved in the manufacture and sale of power tools include Black and Decker, Bosch, DeWalt, Hitachi, Home Depot, Lowes, and Skil. Each of these companies presently...
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