Bruce Has Determined That Along the Share-Development Path,his Business Should

question 37

Multiple Choice

Bruce has determined that along the share-development path,his business should perform at a 70% level of product awareness,80% in product preference,60% in intentions to purchase,90% in product availability,and 80% in rate of purchase.His business's share development index is 25.What is the business's approximate market share index?

• A)6%
• B)20%
• C)32%
• D)45%
• E)64%

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Definitions:

Standard Deviation

A statistic that quantifies the dispersion or variability of a set of data points.

Mean

In statistics, it refers to the average value obtained by dividing the sum of all values in a dataset by the number of values.

NHL Team

A professional ice hockey team that is a member of the National Hockey League, which is a major league in North America.

Average Attendance

The mean number of individuals present at an event or location over a given period, calculated by summing the total attendance and dividing by the number of occurrences.