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can you please help me Larson, Inc., manufactures backpacks. Last year, it sold 93,000 of its basic model for $20 per unit The company estimates
can you please help me
Larson, Inc., manufactures backpacks. Last year, it sold 93,000 of its basic model for $20 per unit The company estimates that the volume represents a 30 percent share of the current market. The market is expected to increase by 10 percent next year. Marketing specialists have determined that as a result of new competition, the company's market share will all to 25 percent of the target market). Due to changes in prices, the new price for the backpacks will be $17 petunt. This new price is expected to be in line with competition and have no effect on the volume estimates Required: Estimate Larson's sales revenues from this model of backpack for the coming year Sales non Next > Proy 1 of 8 SPF Partly Step by Step Solution
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