Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 1983, the market shares for soap were Procter & Gamble with 37.1%, Lever Bros. with 24%, Dial with 15%, Colgate Palmolive with 6.5%, and

  • In 1983, the market shares for soap were Procter & Gamble with 37.1%, Lever Bros. with 24%, Dial with 15%, Colgate Palmolive with 6.5%, and all other with 17.4%. By 1991, the market shares for soap were Lever Bros. with 31.5%, Procter & Gamble with 30.5%, Dial with 19% Colgate-Palmolive with 8%, and all others with 11%.

    1. Suppose you are making a report for Procter & Gamble displaying their share of the market along with the share of other companies for the years 1983, 1991, and the latest figures. Using Excel, produce graphs for the market shares of personal soaps for each of these years. For the late figure data, assume that the "all others" total is about $119 million. What do you observe about the market shares of the various companies by studying the graphs? In particular, how is Procter & Gamble doing relative to previous years?

Step by Step Solution

3.56 Rating (181 Votes )

There are 3 Steps involved in it

Step: 1

Answer Soap were Procter and hamble 371 1 Lever Bros 244 Dial 15 col... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics For Contemporary Decision Making

Authors: Black Ken

8th Edition

978-1118494769, 1118800842, 1118494768, 9781118800843, 978-1118749647

More Books

Students also viewed these Chemistry questions

Question

Solve each equation or inequality. |6x8-4 = 0

Answered: 1 week ago