Question
MY HOMEWORK IS TIMED please answer as soon as possible; thanks. Assume that Ideko's market share will increase by 0.45 percent per year as shown
MY HOMEWORK IS TIMED please answer as soon as possible; thanks.
Assume that Ideko's market share will increase by 0.45 percent per year as shown in the below table: (e.g., Ideko's market share will be 10.35% in 2006)
Sales DataGrowth/ Year2005
Market Size (000 units)5.00%10,300
Market Share0.45%9.9%
a-What production capacity will Ideko require each year for the next five years?
b-When will an expansion become necessary (i.e., when will production volume exceed the current level by 50%)?
c- First compute the projected annual market share.Then using theseprojections, calculate the projected annual productionvolume:
Sales Data Growth/ Year 2005
Market Size (000 units) 5.00% ?
Marke Share 0.45% ?
Production Value (000 units) ?
(Round
the volumes to one decimal place and the percentage of market share to two
decimalplaces.)
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