If 75% of Consumers Are Aware of Ace Motors' Newly

question 47

Multiple Choice

If 75% of consumers are aware of Ace Motors' newly launched line of hybrid cars called the Opus,and 45% of that group likes the product's benefit,and 44% of that group finds the price acceptable,and 51% of that group intends to buy the product in their local market,and 75% of that group actually purchase the product from Ace Motors and its dealers,then the market share index for the Opus is ________.

• A)1.2%
• B)3.6%
• C)5.7%
• D)7.5%
• E)12.9%

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Definitions:

Inaccuracies

Errors, mistakes, or discrepancies that deviate from correctness or truth.

Advance Notice

Notification given in advance to inform someone about an upcoming event or action they need to prepare for or be aware of.

Double-Cycle Billing

A method some credit card companies used to calculate finance charges using the average daily balance of the current and previous billing cycles, often leading to higher charges for the cardholder.

Fair Credit Reporting Act

a federal law that regulates the collection, dissemination, and use of consumer credit information, ensuring accuracy, fairness, and privacy.