Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Market Share Questions (5 x 2 marks=10 marks total) 1) a) Find the market share in Ontario for 202 1 in sales dollars (or revenue)

image text in transcribed
image text in transcribed
Market Share Questions (5 x 2 marks=10 marks total) 1) a) Find the market share in Ontario for 202 1 in sales dollars (or revenue) for Barrie ATV's INC. if they sold 600 ATV's in 2021 at an average price of $18,000. (Assuming the entire market was worth $108,000,000). b) TOP Hats Company controls 15% of the $1,000,000 hat market in PEI. If they sell hats at an average price of $25, how many hats did they sell? c) What is the expected market share (based on units) for a company that expects to sell 8 of the industries 25 nuclear power plants in the world at an average price of $1,000,000,000 U.S.? d) What is the average price of SliceNots Inc. golf clubsets if they account for 6% of the entire Canadian Market and sold some 12,000 club sets in 2019. (Assume entire Canadian market in 2019 was valued at $1,200,000,000) e) If Asics is assumed to have 4% of the entire "running shoe market" in Canada on sales of $80,000,000, what was the size of the ENTIRE market in Caanda? E Focus glish (United States)

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

Concepts In Set Theory

Authors: Mofidul Islam

1st Edition

9353146232, 9789353146238

More Books

Students also viewed these Mathematics questions

Question

Compare social roles with gender roles. Critical T hinking

Answered: 1 week ago

Question

What are the four stages of the marketing life cycle? LO1

Answered: 1 week ago