Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Look at the accompanying FastTrack, which shows the results for Round 3 for a Foundation industry F112907. Answer the following questions, explaining the reasons and

image text in transcribed
image text in transcribed
Look at the accompanying FastTrack, which shows the results for Round 3 for a Foundation industry F112907. Answer the following questions, explaining the reasons and justification for your answers. 1) Which company had the biggest difference between actual and potential market share in the LowTech segment? (Look at pages 5 8r 7) (2 Points) 2) Why did this difference happen? In other words, is the difference a result of stockouts and therefore lost sales? Or is the difference due to selling more than the company's fair share? (2 Points) 3) Calculate the quantity (in units) of lost sales/ extra sales. (2 Points) 4) How could the company you named in Q (1) have avoided this situation? (2 Points) 5) Which company is selling the top product (in terms of customer appeal at the end of the year 2022) in the Lowtech segment? What is the product's name? (2 Points) 6) What was the pro duct's actual market share in 2022 (Rd3)? (2 Points) '7) What was the product's potential market share in 2022 (Rd 3)? (2 Points) 8) What is the product's potential market share in the beginning of next year 2023 (Rd 4)? Show your calculations. (2 Points) 9) Why is the answer of Q (8) different from the answer of Q (7)? Explain. (2 Points) 10) How many products do you expect to nd in the Low-Tech segment in 2023 (Rd-4)? (2 Points) 1 1) If all the products in the Low-Tech Segment are equally attractive to the customers, what would the market share of each product be in 2023 (Rd4)? (2 Points) 12) Follow the steps explained in class and calculate a sales forecast for product Daze in the LowTech segment in 2023 (3 Points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Accounting

Authors: Timothy Doupnik, Hector Perera

3rd Edition

978-0078110955, 0078110955

More Books

Students also viewed these Accounting questions

Question

Describe four common misunderstandings of Gestalt psychology.

Answered: 1 week ago

Question

1. To understand how to set goals in a communication process

Answered: 1 week ago