Question: A. An establishment operates in a market whose size is estimated to be $8,000,000 annually based on sales made to 200,000 customers at a check

 A. An establishment operates in a market whose size is estimated

A. An establishment operates in a market whose size is estimated to be $8,000,000 annually based on sales made to 200,000 customers at a check average of $40 (see chapter 1). Last year the operation achieved revenue of $1,200,000. 1. What percentage of market share did the establishment capture last year? 2. What number of customers did the operation likely serve last year

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!