Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Completely Nuts, a major brand of peanut butter, has recently expanded its distribution to include 3,250,000 households within the Southwestern United States. Last quarter the

image text in transcribed
Completely Nuts, a major brand of peanut butter, has recently expanded its distribution to include 3,250,000 households within the Southwestern United States. Last quarter the region's total dollar sales for the peanut butter category reported at $7,940,000 driven by the three largest brands: Nutty Butter, Peanut Pan and Completely Nuts with sales of $3,520,000, $2,000,000 and $889,000 respectively. In the same quarter, 385,000 jars of Completely Nuts peanut butter brand were sold across the region, as compared with a total of 1,400,000 jars for the peanut butter category as a whole. The average consumption of households that bought Completely Nuts brand peanut butter was 2.8 jars, as compared with the average consumption of households that bought any brand of peanut butter was 2.4 jars. Still assuming Completely Nuts brand buyers purchased a total of 500,000 jars of any brand of peanut butter during this period, what is the Penetration Share (%) for Completely Nuts peanut butter? Completely Nuts, a major brand of peanut butter, has recently expanded its distribution to include 3,250,000 households within the Southwestern United States. Last quarter the region's total dollar sales for the peanut butter category reported at $7,940,000 driven by the three largest brands: Nutty Butter, Peanut Pan and Completely Nuts with sales of $3,520,000, $2,000,000 and $889,000 respectively. In the same quarter, 385,000 jars of Completely Nuts peanut butter brand were sold across the region, as compared with a total of 1,400,000 jars for the peanut butter category as a whole. The average consumption of households that bought Completely Nuts brand peanut butter was 2.8 jars, as compared with the average consumption of households that bought any brand of peanut butter was 2.4 jars. Still assuming Completely Nuts brand buyers purchased a total of 500,000 jars of any brand of peanut butter during this period, what is the Penetration Share (%) for Completely Nuts peanut butter

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Step: 3

blur-text-image

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

The Handbook Of Fixed Income Securities

Authors: Frank Fabozzi, Steven Mann

8th Edition

0071768467, 978-0071768467

More Books

Students also viewed these Finance questions

Question

Identify who attempts to harmonize SRI practices.

Answered: 1 week ago

Question

1. Are my sources credible?

Answered: 1 week ago

Question

3. Are my sources accurate?

Answered: 1 week ago

Question

1. Is it a topic you are interested in and know something about?

Answered: 1 week ago