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Running head:Costs of Production, Overall Market, and Recommendation1Costs of Production, Overall Market, and RecommendationMaressa Montes De OcaSNHU08/04/2017
Running head:Costs of Production, Overall Market, and RecommendationThe Smith and Wesson CompanyThe firearm industry in the United States has recently experienced a significant growthdue to market expansion. This market trend has mainly been as a result of social securityconcerns and terrorism uncertainties in the country. Political and legal administrative forces havealso contributed to the notable increase in demand for firearms. For instance, the SecondAmendment of the U.S Constitution protects the rightful ownership of firearms by theAmericans. This statutory right was introduced during the Obama regime leading to an elevateddemand for guns. Firearm manufacturing firms such as the Smith and Wesson Company had torespond to the market dynamics by increasing the production of firearms to meet the marketrequirements. This reaction was, however, accompanied by higher costs of production in anattempt to fulfill the market demand and achieve customer satisfaction, while at the same timemaintaining the profitability of the business.Costs of ProductionEvery manufacturing business involves various expenditures that are linked to the incomerevenue generation. Similarly, the Smith and Wesson Company has a variety of production costs

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