If your product sells for ($200) per unit, the population of your area is 10 million people,
Question:
If your product sells for \($200\) per unit, the population of your area is 10 million people, and the penetration rate for the product is 50 percent, what market share would your firm need to achieve a sales goal of \($1\) million?
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Step by Step Answer:
First lets calculate the total addressable market TAM to understand the tota...View the full answer
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Akshay Agarwal
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Related Book For 
Entrepreneurial Financial Management An Applied Approach
ISBN: 9781000650488
5th Edition
Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman
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