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The table below gives a detailed forecast of the size of the market by production volume. Assume that KXS expects to capture 1000% of the
The table below gives a detailed forecast of the size of the market by production volume. Assume that KXS expects to capture 1000% of the market share in 2018 and expects that percentage will increase by 0.22% per year. KXS currently has the capacity to produce a maximum of 1100 thousand units. What production capacity will xs require each year? When will an expansion become necessary that is when will production volume exceed 1100 thousand units)? 2018 2019 2020 2021 2022 2023 Production Volume (000 units) Market Size 10,000 10,359 11,069 11,543 12. 108 12,767 Year KXS's market share for 2018 is thousand units. (Round to the nearest Integer)
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