Calculate the Market Development Index If the Current Market Demand

question 3

Multiple Choice

Calculate the market development index if the current market demand of the product is 240 million and the potential for market growth is 400 million.

• A)60
• B)80
• C)160
• D)166.67
• E)640

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Definitions:

Probabilities

The likelihood or chance of an event occurring, typically expressed as a number between 0 and 1, where 0 means the event cannot occur and 1 indicates certainty.

Outcomes

The results obtained from an action, experiment, or event, which can vary based on the conditions and processes involved.

Sample Points

Individual elements or cases selected from a population, usually in the context of statistical sampling.

Applications

The practical uses or relevance of a theory, tool, or concept in real-world situations or specific fields.