Your company has been growing at 10% per year for each of the last five years. One of your major...

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Your company has been growing at 10% per year for each of the last five years. One of your major lines of business has become obsolete, so you decide on a sales growth objective of an average of 3% per year for each of the next five years. The industry is growing at 5% and you have set a very modest market share objective of increasing it from 22.1% to 22.4%. Can this be achieved? Explain why or why not in a few sentences.

David · Accepted Answer

Running Head: Sales Growth of Company
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Yes, The Company is able to achieve this target there is no major reason for denied that target. The objective set by the company is very realistic. Overall industry is growing at the average rate of the 5% which is very modest. If the company keep in mind that modest target than growth of 3% is easily achievable by the company.  For the business the major concern is to achieve the market share.

Your company has been growing at 10% per year for each of the last five years. One of your major lines of business has become obsolete, so you decide on a sales growth objective of an average of 3%...

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