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The table below gives a detailed forecast of the size of the market by production volume. Assume that KMS expects to capture 10.20% of the
The table below gives a detailed forecast of the size of the market by production volume. Assume that KMS expects to capture 10.20% of the market share in 2013 and expects that percentage will increase by 0.21% per year. KMS currently has the capacity to produce a maximum of 1, 100,000 units. What production capacity will KMS require each year? When will an expansion become necessary (that is, when will production volume exceed 1, 100,000 units)
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