Larson, inc., manufactures backpacks. last year, it sold 102,000 of its basic model for $20 per unit. the company estimates that this 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 fall to 25 percent (of this larger market). due to changes in prices, the new price for the backpacks will be $17 per unit. this new price is expected to be in line with the competition and have no effect on the volume estimates.
required:
estimate larson's sales revenues from this model of backpack for the coming year.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 13:50, veronica25681
When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars
Answers: 2
Business, 22.06.2019 21:00, liamgreene90
You have $5,300 to deposit. regency bank offers 6 percent per year compounded monthly (.5 percent per month), while king bank offers 6 percent but will only compounded annually. how much will your investment be worth in 17 years at each bank
Answers: 3
Business, 22.06.2019 23:30, glissman8459
What is the difference between career options in the law enforcement pathway and career options in the correction services pathway?
Answers: 1
Do you know the correct answer?
Larson, inc., manufactures backpacks. last year, it sold 102,000 of its basic model for $20 per unit...
Questions in other subjects:
Mathematics, 29.05.2020 07:58
Mathematics, 29.05.2020 07:58
