Question

What is the current market demand for Valiant running shoes if its market development index is 64 and its market potential is 480 million? A) 1333.3 million B) 307.2 million C) 750 million D) 172.8 million E) 721.8 million

Answer 1

Answer:

B) 307.2 million

Explanation:

The computation of the current market demand is shown below:

Current market demand = Market potential × market development index

                                         = 480 million × 0.64

                                         = 307.2 million

We simply multiplied the market potential with the market development index so that the current market demand can come