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Essay Details:
Essay text:
The company must take into consideration factors such as future market demands, market share, affects on profits (manufacturing costs and price reduction), product design and regulatory specifications, market entry timing, and effects of Hamilton's study on the demand for DMC motors.
Relevant Facts:
Future Market Demands: Currently there are approximately 5,500 producing wells in Northern Canada with approximately twenty-five oil companies owning fifty or more. According to an industry estimation, an average of 1,000 new wells will be drilled each year for the next five years. Therefore, the market for oil pumping motors should grow steadily to meet the growing demand in the next several years (>18% growth rate for next year)...
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