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? In a sentence or two explain why or why not.

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The growth target set even though modest is very difficult to a... View the full answer