Question: Using the chain ratio method, estimate the market sales potential for heart catheterization products to meet the needs of the infant and child segment. Assume

 Using the chain ratio method, estimate the market sales potential for

Using the chain ratio method, estimate the market sales potential for heart catheterization products to meet the needs of the infant and child segment. Assume that of the 45,000 children with heart defects each year, 45 percent will benefit from these types of products and that only 40 percent of their families have the financial resources to obtain such treatment. Also assume the average price for a device is $2,500 and children may only go through a single procedure. The number of buyers in the market can be estimated as (Round to the nearest whole number.)

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!