Question: Please help me with questions 4 and 9 step by step. 4. Right now you have a 12% market share and 80% of the market
Please help me with questions 4 and 9 step by step.
4. Right now you have a 12% market share and 80% of the market is penetrated. Market size for the product is 43,545,000 customers. How many customers do you have today?
Suppose over the next year another 10% of the market becomes penetrated by you and other firms (such that your market share remains 12%). How many more customers do you have after next year?
9. Assume your customers buy your product every three months, if you have 398,321 loyal customers how many units can you expect to sell each year?
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