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lesya [120]
2 years ago
12

Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 266 ballo

ons each month. His largest competitor, Paul, sells 613 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $6.00 per balloon.
1. What is Levon's unit market share?
Business
1 answer:
zubka84 [21]2 years ago
5 0

Answer:

The correct answer is: 13,3%.

Explanation:

A company's market share is the percentage of the total market for its products that it controls. Companies that increase their market share enjoy a competitive advantage. They receive better prices from suppliers and they are able to produce goods faster.

Thus, Levon's family business market share is:

  • Market share = Units sold by one company / Total units sold in the market
  • Market share = 266 / 2000
  • Market share = 13,3%
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The cost to produce the goods or services sold for a given period is referred to as
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Answer:

The cost of goods sold

Explanation:

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The cost of goods sold must not contain indirect expenses such as sales commissions and distribution costs. The aim of calculating the costs of goods sold( COGS) is the find the true cost of the goods purchased by customers. COGS is obtained by adding finished beginning inventory plus net purchases minus finished ending inventory.

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3 years ago
M2-9 Determining Financial Statement Effects of Several Transactions [LO 2-2] For each of the following transactions of Spotligh
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Answer:

 Assets                   =          Liabilities          +          Stockholder's

                                                                                       Equity

(a) cash = $3,940             Notes payable = $3,940

                                         (short term)

(b) cash = $4,630                                                       Common

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2 years ago
Think about the videos you have watched. Why is there a need for government regulation, and what limits need to be placed on the
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For each of the annual inflation rates given in the following table, first determine the new price of a movie ticket, assuming i
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Answer:

  see below

Explanation:

The balance in Lucia's account is 1.05 times the original deposit, reflecting addition of 5% interest for the year.

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nalin [4]

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4. Business analysis.

5. Development.

6. Market testing.

7. Commercialization.

Explanation:

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Screening and evaluation: This helps in evaluating the idea generated and comparing it with the practical manner.

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Development is done once all of the above steps are in affirmation.

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