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I am struggling with a calculation for a firm's relative market share. Any help would be greatly appreciated! The question is asking to calculate relative
I am struggling with a calculation for a firm's relative market share. Any help would be greatly appreciated!
The question is asking to calculate relative market share for the Element Bar. The correct answer is 1.49, but I keep getting the wrong answer. Please help!
Element Bar Sales $50 million Industry Sales $420 million Size of target market 17.5 million consumers Category purchases by Element Bar customers $78.0 million Number of purchasers of Element Bars 0.8 million Number of purchasers of any nutrition bar 7.9 million Largest competitor's market share 8.0% Calculate relative market share for Element Bar. Report your answer to two decimal places. Element Bar Sales $50 million Industry Sales $420 million Size of target market 17.5 million consumers Category purchases by Element Bar customers $78.0 million Number of purchasers of Element Bars 0.8 million Number of purchasers of any nutrition bar 7.9 million Largest competitor's market share 8.0% Calculate relative market share for Element Bar. Report your answer to two decimal placesStep by Step Solution
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