The current market demand for paper clips is 320 million and its market development index is 55. calculate the approximate marke

Question

Westkost [7]

3 years ago

11

The current market demand for paper clips is 320 million and its market development index is 55. calculate the approximate marke

t potential for paper clips.

Business

1 answer:

Rina8888 [55] · Answer 1 · 2021-12-15T10:57:32+03:00

Rina8888 [55]3 years ago

8 0

To calculate for the approximate market potential, we simply have to take the ratio of the current market demand over the market development index in fraction. That is:

market potential = 320 million / 0.55

<span>market potential = 582 million</span>