1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kolbaska11 [484]
3 years ago
5

Suppose that you were interested in building a luxury apartment complex in your hometown. In your analysis of local demographics

, you discover that the target market makes up only 5% (core market share) of the households that currently rent (or would be interested in renting) in this town. If market experts believe that a total of 5,000 apartment units will be rented in your entire hometown within the next year, what is the projected number of units the developer could expect to lease in year 1 if he is able to capture 20% of the market potential
Business
1 answer:
olga_2 [115]3 years ago
4 0

Answer:

The projected number of units the developer could expect to lease in year 1 if he is able to capture 20% of the market potential is:

= 1,000 apartment units.

Explanation:

a) Data and Calculations:

The percentage of households that currently rent in the town = 5%

Demographic of households in the town = 100,000 (5,000/5%)

Number of apartment units established by market experts to be rented in the entire hometown within the next year = 5,000 (5% of 100,000)

20% of the market potential = 1,000 (5,000 * 20%)

You might be interested in
Techniques in identifying customers' needs and wants
Rainbow [258]
Good customer research is a very important part of the business, because knowing what the customers want and why they want that will help in better sale.Some of the techniques of <span>identifying customers' needs and wants are:
- Interviewing customers
- Conducting voice and customer surveys
- Analyzing your competition
- Interviewing stakeholders and obtaining the data they have

</span>
4 0
3 years ago
Assume that a country has a closed economy that has only three goods/services. That is, there is no trade with other countries,
postnew [5]

<u>Explanation:</u>

Given

Consumption = (10 x 30) = 300

Investment = (100 x 2) = 200

Government Spending = (500 x 1) =500

13. Total GDP for this economy = Consumption + Investment+ Government spending

=(10 x 30) + (100 x 2) + (500 x 1)

=$1000

14. Consumption % on GDP

= Consumption/ Total GDP x 100

=(300/1000) x 100

= 30%

15. Investment % in GDP

= Investment / Total GDP x 100

=(200/ 1000) x 100

=20%

16. Government spending % on GDP

=Government spending/ Total GDP x 100

=(500/1000) x 100

=50%

5 0
3 years ago
Consider the capital asset pricing model. The market degree of risk aversion, A, is 3. The risk premium is 2.25%. If the risk-fr
inna [77]

Answer:

SO expected return on Mkt Portfolio Rm = 10.75%

Explanation:

market degree of risk aversion A = 3

Var = 0.0225 = SD^2

Rf = 4%

What is expected return on Mkt Portfolio ie Rm??

According to CAPM, Rm-Rf = A*SD^2

where SD is Std Dev (Recall SD^2 = Variance)

A is market degree of risk aversion

So we have Rm-4% = 3*0.0225

ie Rm = 4% + 3*0.0225 = 10.75%

SO expected return on Mkt Portfolio Rm = 10.75%

3 0
3 years ago
A___ warranty promises replacement or refund for defective products.
alukav5142 [94]

Answer:

A written warranty promises replacement or refund for defective products.

5 0
2 years ago
Customer law is the system that is designed to protect the people involved in a market?
kozerog [31]

The answer is: A) True

Consumer law was created to help prevent and detect fraudilent business practices.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Susan put her savings into a mutual fund that paid a nominal interest rate of 3 percent a year at the beginning of 2005. The CPI
    5·1 answer
  • When configuring a group of radio button form controls, the value of the ________ attribute on each radio button must be the sam
    6·1 answer
  • Helen, a manager for Marshall Manufacturing, spends much of her time reviewing the global, technological, socio-cultural, compet
    9·1 answer
  • The Uniform Commercial Code was written to achieve consistency in?
    15·1 answer
  • What has been the pattern of union membership in recent years?
    7·2 answers
  • Being friendly and communicating enthusiastically with coworkers is an example of
    11·2 answers
  • Groupware provides computer-mediated communication systems, allowing different viewpoints and ideas to be compared and discussed
    15·1 answer
  • Snape Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hour
    14·1 answer
  • You're the production manager for a company that manufactures clothing, and you oversee activities in a wide range of department
    8·1 answer
  • 9. When Margot applies for a loan, she needs to demonstrate to the bank that she has capital. What could she show them to best d
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!