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Aleksandr-060686 [28]
3 years ago
15

Your bagel company has a market share of 7% of area breakfast sales and you have a goal to increase that to 10% in 1 year. The m

arket has $3,500,000 in breakfast sales per year. How much must you increase sales to achieve your goal?
Business
1 answer:
Nana76 [90]3 years ago
7 0

Answer:

$105,000

Explanation:

The total sales are 3,500,000, and the current market share is 7%.

3,500,000 * 0.07 = $245,000

The goal is to increase the market share to 10%

3,500,000* 0.10 = $350,000

The difference between original sales and the target sale is

245,000 – 350,000 = $105,000

An increase of $105,000 is required to achieve a market share of 10%

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O will increase and output and price level will increase as well.

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When considering the materials aspect of your art show budget, you should consider everything you need others to do to make the show happen, this statement is false.

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