You are doing an analysis to determine the likely quantity demanded for your specific condominiums once they are built. You know that your core market share is 10% of folks who currently rent condominiums in the area and you estimate you will be able to capture 25% of the market potential. City forecasters have indicated there will be about 2,000 new condominiums rented in the next year.

 How many would you be likely to rent?

Answer rating: 100% (QA)

Calculate the potential market share of the new condominiums ... View the full answer