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LuckyWell [14K]
3 years ago
11

The marketing manager for Gillette razors is attempting to determine a sales estimate for the line of products that provide men

with the ability to maintain their facial hair using a traditional razor or an electric razor. The marketing manager estimates that Gillette has a strong level of loyalty and brand name appeal and will garner 20% of the overall market. This amount is known as the
asked _______. In addition, the marketing manager believes the total sales for the category will be $30 million annually for razors and razor blades for men. This is known as the ______________.
A) ​company sales potential; market potential.
B) ​market share; category sale.
C) ​industry share; company forecast.
D) ​demand; supply.
Business
1 answer:
dusya [7]3 years ago
6 0

Answer:

The correct answer is letter "A": company sales potential; market potential.

Explanation:

Company sales potential is the expected amount of sales of a company given a specific sector in the market. It is presumed that the company has carried out marketing strategies and investment for the levels desired to be achieved. In the example, that level is 20%.  

The market potential is the size of the market for a given product within a period of time. It is usually expressed in monetary terms since it expresses the number of sales value or volume during the period. In the example, that amount is $30 million dollars.

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Suppose that the inverse demand equation is p​ = 100 minus 2Q and the supply equation is p​ = 2Q. If the price is controlled at
Irina18 [472]

Answer: P =$50

Q= 25

Explanation: P= 100-2Q

P= 2Q

To get the quantity supplied Q, we have to educate both equations

100-2Q=2Q, 100=2Q+2Q

100=4Q, Q=100/4 , Q=25

To get the equilibrium price we have to substitute the value of Q which is 25 into any of the equation.

Using equation 1

P=100-2Q, P=100-2(25)

P=100-50, P=$50.

If the price is controlled at $60, then the production pays the producer this is because a commodity is not expected to be sold at the equilibrium price, price flooring is a way that government or a group control the market price of a commodity or produce by imposing a particular price on it. This is to ensure that the producers are not at loss with their production, a price floor is always higher than the equilibrium price to be effective as seen in the example given above, price floor is $60 while equilibrium price is $50.

An example of a price floor for services can be seen in the minimum wage stated by the government this is to ensure that people's services are not misused anyhow.

Price flooring most times can lead to surplus quantity produced if consumers are not willing to pay the price, because the producer will be wiling to produce more in order to make more profit.

4 0
3 years ago
Compare Australia's economy and China's economy​
PilotLPTM [1.2K]

Answer:

China has the bigger economy than Australia

Explanation:

5 0
3 years ago
Yvonne knows her firm must look at everything it does from a consumer's point of view. One major difficulty is that consumers' _
hram777 [196]

Answer:

Needs, wants, and ability to purchas

Explanation:

There is no reason to focus on consumer needs thousands of years ago. But we can say that technological advances and communication are wreaking havoc in this regard. Trends and fashions mark each day more than we want to obtain, consume and buy. And that has multiplied by a thousand in the last hundred years

3 0
2 years ago
James is a sales agent who is sponsored by best realty, and he is a member of the a-1 team. what must be done to ensure that jam
gavmur [86]

His broker must register the team name that complies with the new regulations with TREC before he may use it in advertising.

<h3>What is a team name?</h3>
  • The term "team name" refers to a name that is employed by one or more license holders that are sponsored by or connected to the same broker but are not the broker's actual name or an assumed business name.
  • Team or group must be at the end of team names.
  • Terms in team names that suggest the club is providing brokerage services independently of the broker are prohibited.
  • Brokerage, corporation, and associates are a some of the forbidden words.
  • As long as the team name ends with the words team or group, the phrases realty or real estate are permissible in the team name.
<h3>What is TREC?</h3>
  • The governmental entity in charge of overseeing real estate practices in the state of Texas is called the Texas Real Estate Commission.
  • The organization's main office is located in Austin at 1700 North Congress.
  • TREC is made up of nine people who the governor appoints with the support of the Texas Senate.

Learn more about TREC here:

brainly.com/question/4721435

#SPJ4

3 0
1 year ago
Suppose you buy some stock in the Alpha Corporation at a price of $45.95 per share. 410 days later you sell the stock for $48.27
kondaur [170]

Answer: 6.79%

Explanation:

The holding period return is:

= (Current price - Cost price + Dividend) / Cost price

= (48.27 - 45.95 + 1.20) / 45.95

= 7.66%

The annualized return is:

= ( ( 1 + holding period return) ^ number of days in a year/ number of days stock was held - 1)

= ( ( 1 + 7.66%) ³⁶⁵ / ⁴¹⁰ - 1)

= 6.79%

8 0
2 years ago
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