Question
Cpc conducted concept testing with 1000 respondents in their Target market and dis covered that 15% of the respondents would definitely not buy this product,
Cpc conducted concept testing with 1000 respondents in their Target market and dis covered that 15% of the respondents would definitely not buy this product, 20% probably would not Buy it,25% might buy it,30% probably would buy it and 10% definitely would buy it.Product use testing concluded a very high level of product reliability and customer satisfaction.As a result, CPC estimates repeat purchase at 90% of 1st time buyers that is 90% of 1st time buyers will make a repeat purchase within the first two months.1)compute the market potential for his new product 2)Apply the ATAR model to determine:sale revenue from the trial, b)Atar model to determine the sale revenue from repeat customer in the first two months and apply Atar model to determine sale revenue in the first year
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