National Fibre Ltd. Chairs manufactures chairs and provides the following information: Fixed Cost R50,000 for this...

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National Fibre Ltd. Chairs manufactures chairs and provides the following information: Fixed Cost R50,000 for this year Variable cost R25 per chair Capacity 2000 chairs per year Selling price R75 per chair Task: You are required to find: (i) the break-even point (in units) (6 Marks) (ii) the number of chairs to be sold to get profit of R30,000. (4 Marks) 2) There are many ways to enter a foreign market, each with its own advantages and disadvantages. The best entry strategy for a particular business will depend on a variety of factors, including the company's size, resources, risk appetite, and the target market. Having a good understanding of different entry strategies is essential for any business that is considering expanding into new markets. This will allow the company to choose the strategy that is most likely to be successful. given its specific circumstances. Task: What are the key entry strategies that businesses should consider while entering a foreign market? Provide a brief conclusion. (15 Marks) National Fibre Ltd. Chairs manufactures chairs and provides the following information: Fixed Cost R50,000 for this year Variable cost R25 per chair Capacity 2000 chairs per year Selling price R75 per chair Task: You are required to find: (i) the break-even point (in units) (6 Marks) (ii) the number of chairs to be sold to get profit of R30,000. (4 Marks) 2) There are many ways to enter a foreign market, each with its own advantages and disadvantages. The best entry strategy for a particular business will depend on a variety of factors, including the company's size, resources, risk appetite, and the target market. Having a good understanding of different entry strategies is essential for any business that is considering expanding into new markets. This will allow the company to choose the strategy that is most likely to be successful. given its specific circumstances. Task: What are the key entry strategies that businesses should consider while entering a foreign market? Provide a brief conclusion. (15 Marks)

Answer rating: 100% (QA)

Answer National Fibre Ltd Chairs Calculations i Breakeven Point The breakeven point is the number of units you need to sell to cover all your costs fi... View the full answer