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Please answer quickly if possible Lorna's food truck sold $105,000 worth of Grilled Cheese Sandwiches in August. The total grilled cheese taco market in August

Please answer quickly if possible

Lorna's food truck sold $105,000 worth of Grilled Cheese Sandwiches in August. The total grilled cheese taco market in August was $2,100,000. Lorna's largest competitor's market share is 56%. (1 Mark Total)

a.What is Lorna's Revenue Market Share in August? (.25 Marks)

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b.What is Lorna's Relative Market Share in August? (.25 Marks)

Answer:

c.Based on your calculations, do you have any suggestions for Lorna? (.5 Marks)

Answer:

2.On average, people buy 18 mascara's per year. However, people buy on average 6 mascara's from Joe's Mascara Store. (1 Mark Total)

a.What is the Joe's Mascara Usage Index? (0.5 Marks)

Answer:

b.What does the Usage Index tell us? Do you have any suggestions for Joe?

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