Chelsea Lee runs the sales division for a local auto insurance firm. One of her key duties is to ensure the company has 10 percent market share by the end of the year. When evaluating the current sales numbers, she determines that her sales division has total sales of $3 million and the entire industry has total sales of $50 million. What additional sales must Chelsea Lee's division meet to ensure they have 10 percent of the market by the end of the year? A. $2 millionB. $1 millionC. $5 millionD. $10 million
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Chelsea Lee runs the sales division for a local auto insurance firm. One of her key duties is to ensure the company has 10 percent market ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Drag each incentive to the correct location on the chart. Nick has been hired as the marketing director of a sporting goods manufacturing company. Classify his new job incentives as monetary or nonmonetary.
Answers (1)
Otion Inc. is a relatively new firm in the consumer electronics industry. The company's primary objective is to become the market leader in less than 5 years, for which it has to gain and sustain a competitive advantage.
Answers (1)
What are employers required to provide on all motor vehicles
Answers (2)
Private investment as a share of the economy tends to be higher in countries with ___ levels of economic freedom.
Answers (1)
Damien plans to buy a share at $120 and hold it for five years. During this period, he would receive average annual dividends of $4 a share. He expects to receive S145 at the end of the five-year period when he sells the share.
Answers (1)
New Questions in Business
What is difficult about using cost-benefit analysis to estimate the level of a public good that will maximize social welfare? It is difficult to estimate the marginal costs of supplying a public good.
Answers (1)
Suppose the town of Boone has a total population of 50,000 people. Of those, 46,000 people are employed. There are 2,000 full-time students who are not employed or actively seeking work.
Answers (1)
Sadie sold 12 shares of stock to her brother, George, for $640 16 months ago. Sadie had purchased the stock for $880 two years earlier.
Answers (1)
The Fed regulates banks but has little authority over bank holding companies.
Answers (1)
Shared values among employees are the glue of successful management a. True b. False
Answers (1)