In your analysis of local demographics, you discover that the target market makes up only 5% (core market share) of the households that currently rent (or would be interested in renting) in this town. If market experts believe that a total of 5,000 apartment units will be rented in your entire hometown within the next year, what is the projected number of units the developer could expect to lease in year 1 if he is able to capture 20% of the market potential?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In your analysis of local demographics, you discover that the target market makes up only 5% (core market share) of the households that ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
An interior painter is painting a wall that is 8 feet by 14 feet. He needs to determine how much paint he will need for the job.
Answers (1)
If a cost's step-cost behavior follows very narrow steps, the costs may be approximated using: (A) fixed costs assumptions. (B) step-fixed cost assumptions. (C) straight variable cost assumptions. (D) mixed cost assumptions.
Answers (1)
A firm that sells a single product had a beginning inventory of 4,000 units with a total cost of $28,000. Early in the year, 10,000 units were purchased at $9 each. Using FIFO, what is the value of the ending inventory of 3,000 units?
Answers (1)
Assume the following facts are true for 2016: 318 million people lived in the United States. A total of 2,468,435 of these people died during 2016.
Answers (1)
What potential challenges will you have supporting your argument with this demographic?
Answers (1)
New Questions in Business
If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor, but never tell anyone that he was, would contracts entered into be considered to be fraudulent?
Answers (1)
Which of the following are reasons the aggregate demand curve is downward sloping? Check all that apply. 1) A higher price level decreases the real value of consumers' assets.
Answers (1)
If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years assuming a 12% annual return and quarterly compounding?
Answers (1)
Explain how globalization influence management
Answers (1)
The following information relating to a company's overhead costs is available. Col1 = Actual total variable overhead, Actual total fixed overhead, Budgeted variable overhead rate per machine hour, Budgeted total fixed overhead, Budgeted machine
Answers (1)