FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shiny Nails has been open in Las Vegas for a number of years. Their current market demand is 675 customers a week and they charge

Shiny Nails has been open in Las Vegas for a number of years. Their current market demand is 675 customers a week and they charge an average of $12 for their services. The traffic outside the shop is 14,000 cars per day. If their market potential is 1,400 customers per week, what is their market development index?

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

International Marketing And Export Management

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

Students also viewed these General Management questions

Question

★★★★★
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 1 week ago

Question

★★★★★
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Answered: 1 week ago

Question

★★★★★
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...

Answered: 1 week ago

Question

★★★★★
Maria owns and runs her own online premium clothing business (sole trader) named "Maria's Clothing Solutions (MS). Her main competitor is "Brenda's Extraordinary Clothing (BC). She is interested in...

Answered: 1 week ago

Question

★★★★★
In order to evaluate a new release of a database management system, a database administrator runs a benchmark program several times and measures the time to completion in seconds. Assuming that the...

Answered: 1 week ago

Question

★★★★★
Karen works in a retail computer store. She receives a weekly base salary of $300 plus a commission of 3% of sales exceeding her quota of $20,000 per week. Calculate her sales for a week in which she...

Answered: 1 week ago

Question

★★★★★
3. Allow choices (stories in language arts or projects in science) based on students interests.

Answered: 1 week ago

Question

★★★★★
Consider the transportation table given below. Find an initial solution using the northwest corner rule. What special condition exists? Explain how you will proceed to solve the problem. TO...

Answered: 1 week ago

Question

★★★★★
Given your knowledge of the Bond market, if you expect interest rates are going to go up in future, what should you do ? a ) buy bonds now, but only if their price falls. b ) maintain only the...

Answered: 1 week ago

Question

★★★★★
Khan Limited is a publicly traded company on the Toronto Stock Exchange. The company sponsors a defined benefit pension plan for all of its employees, and the controller provides you with the...

Answered: 1 week ago

Question

★★★★★
Whispering Ski Haus had the following statements prepared as of December 31, 2020. WHISPERING SKI HAUS COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $2,400 $4,000...

Answered: 1 week ago

Question

★★★★★
All of the accounts of the Grass is Greener Company have been adjusted as of December 31, 2022, with the exception of Income taxes Incurred but not yet recorded. Those account balances appear below....

Answered: 1 week ago

Question

★★★★★
1. Describe a discrete event system example in your daily life. What discrete event system in and around your house can be studied using computer simulation? Present an example closely related to...

Answered: 1 week ago

Question

★★★★★
Online Lab: Mirrors, Lenses and Image Formation Name: Date: Ray Tracing for Mirrors 1. Is the diagram above a Concave or a Convex Mirror? 2. Which color is the Ray I in the ray diagram? 3. Which...

Answered: 1 week ago

Question

★★★★★
1) This is a graph of the horizontal displacement of a pendulum on Earth as a function of time. Displacement vs. Time for a Pendulum +1.0 m Displacement (m) 0 - 1.0 m 2.00 4.00 6.00 Time ($) a) On...

Answered: 1 week ago

Question

★★★★★
Challenges accountable care organizations (ACO) might face include issues of governance and leadership, and: Select all that apply a) Building trust b) Shared goals c) Managing potential conflict d)...

Answered: 1 week ago

Question

★★★★★
Megamart, a retailer of consumer goods, provides the following information on two of its departments (each considered an investment center). Investment Center Electronics Sporting goods Sales Income...

Answered: 1 week ago

Question

★★★★★
CRUZ, INC. Comparative Balance Sheets December 31, 2015 CRUZ, INC. Income Statement For Year Ended December 31, 2015 Required Use the indirect method to prepare the cash provided or used from...

Answered: 1 week ago

Question

★★★★★
2. What do you think are your dominant personality preferences?

Answered: 1 week ago

Question

★★★★★
1. What does self-awareness mean to you?

Answered: 1 week ago

Question

★★★★★
1. Why is it useful to understand neuroscience as part of one's leadership development?

Answered: 1 week ago

Previous Question Next Question