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Assume thatIdeko's market share will increase by 0.60 percent per year(e.g., Ideko's market share will be 10.70% in2006). What production capacity will Ideko require each

Assume thatIdeko's market share will increase by 0.60 percent per year(e.g., Ideko's market share will be 10.70% in2006). What production capacity will Ideko require each year for the next fiveyears? When will an expansion become necessary(i.e., when will production volume exceed the current level by 50%)?

Ideko Sales Assumptions
Sales Data Growth/Year 2005
Market Size(000 units) 5.005.00% 10 comma 10010,100
Market Share 0.600.60% 10.110.1%

What production capacity will Ideko require each year for the next fiveyears?First compute the projected annual market share.Then, using theseprojections, calculate the projected annual productionvolume:(Round the volumes to one decimal place and the percentage of market share to two decimalplaces.)

Sales Data Growth/Year 2005
Market Size (000 units) 5.00%
Market Share 0.60% %
Production Volume (000 units)

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