Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Pomegranate Board, a trade group, divides potential buyers into 4 key segments. Central City Actives are young adults who work hard to maintain a

The Pomegranate Board, a trade group, divides potential buyers into 4 key segments. "Central City Actives" are young adults who work hard to maintain a healthy lifestyle--a key group for the industry. The Pomegranate Board believes that this group includes 30.1 million potential customers, and accounts for $56.3 million in industry sales. Overall, The Pomegranate Board reports total industry sales of $187.0 million, in a marketplace with a total of 160.0 million potential customers. Calculate category development index for the "Central City Actives" segment, for the pomegranate industry. Report your answer as a percent, and round your answer to the nearest tenth of a percent. Report 27.5%, for example, as "27.5".

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_2

Step: 3

blur-text-image_3

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

Cloud Mining

Authors: Patrick Ejeke

1st Edition

979-8410758710

More Books

Students also viewed these Finance questions