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Supply

Supply is a fundamental economic concept that describes the


total amount of a specific good or service that is available to
consumers. Supply can relate to the amount available at a
specific price or the amount available across a range of prices
if displayed on a graph. The concept of supply in economics is
complex with many mathematical formulas, practical applications
and contributing factors. While supply can refer to anything in
demand that is sold in a competitive marketplace, supply is most
used to refer to goods, services, or labor. One of the most
important factors that affects supply is the good’s price.
Generally, if a good’s price increases so will the supply. The
price of related goods and the price of inputs (energy, raw
materials, labor) also affect supply as they contribute to
increasing the overall price of the good sold.
(https://www.investopedia.com/terms/s/supply.asp)
With the frequent changes in the availability of supply,
businesses conduct supply analysis to understand supply trends
due to changing circumstances such as changing market and
production variables.
Products of Adious Capilla Ardiente
Casket Wood, Fiberglass
Urn Wood, Fiberglass

A. Estimated Annual Supply for Adious Capilla Ardiente


B. Factors affecting trends in past and future supply
1. Competing Product
a. Customized Caskets and Urns: Baguio City and La
Trinidad funeral homes don’t offer customized
casket and urns which can be an advantage to
the bereaved family and the deceased because
their preferences can be followed. The
researchers expect this service to boom in
Baguio City and La Trinidad in the next future.
C. Competitors
Direct Competitor’s Profile
Direct competitors are competitors which offer
products or services that are essentially the same; as
such, the competitors are competing for the same
potential market.
1. La Funeraria Paz
La Funeraria Paz has established a tradition of
dignified and excellent service. Distinguished
personages Apolinario Mabini and Melchora Aquino
were among the first to whom La Funeraria Paz
rendered memorial services. Today as tradition lives
on, it has progressed with 93 chapels. As witness to
numerous historical events, having stood the ravages
of the second world war, it has remained strong and
resilient through the years. On its 111th year, La
Funeraria Paz sets its sights to another century of
providing excellent and dignified memorial services.
2. St. Peter Chapels-Baguio
St. Peter Chapels is a Memorial Services Company
established on June 6, 1975. It has been providing
professional and traditional memorial services to
the Filipino public and has recently diversified
into modern cremation services through the St. Peter
Crematorium. It has also continuously led the
memorial services industry through pioneering
technological innovations like the St. Peter E-
Burol, St. Peter E-Libing and St. Peter Tribute.
3. Baguio Memorial Chapels
Baguio Memorial Chapels has been an independent,
family owned and operated funeral home serving City of
Baguio and its surrounding provinces. Baguio Memorial
Chapels has been dedicated to serving the needs of all
faiths and serving all cemeteries. Baguio Memorial
Chapels’ staff is available to assist with the burial,
entombment, or out of state transportation of your
families loved one.
4. Benguet Memorial Services
Benguet Memorial Services (BMS) is a family owned
and operated funeral service provider. Benguet
Memorial Services is the oldest and the first
funeral home in La Trinidad, Benguet. Benguet
Memorial Services have been taking care of the
families faced with bereavement here in Benguet and
other neighboring towns for over ten (10) years and
dedicated of providing affordable priced funeral
services.
D. SWOT Analysis
Our Funeral Home SWOT Analysis will provide with the
comprehensive documentation that will be needed in order to
determine the strengths, weaknesses, opportunities, and
threats that the business will face as we develop or expand
the business operations. Once we are able to identify our
strength, our weakness, our threats and the opportunity
that is available to us, we will be able to come up with
good business strategies that will help us achieve all our
business goals and objectives.
STRENGTH
 Customized caskets and urns- The business will offer
customized caskets and urns with unique features that
emphasize the individuality of the deceased.
 The location of our funeral home services is perfect
for such business
WEAKNESSES
 New to the industry- Being new to the industry, the
business may not have the financial resources required
to match up with existing and leading funeral homes in
Baguio City and Benguet.
 Competitors can offer similar products quickly
OPPORTUNITY
 Expand operation by establishing additional locations
outside Baguio City and La Trinidad
THREAT
 Competitors- It should be noted that many large
corporations have taken to acquiring existing funeral
homes.

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