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

question 7

Multiple Choice

Alex has determined that along the share-development path,his business should perform at an 80% level in product preference,50% in intentions to purchase,90% in product availability,and 70% in rate of purchase.If the share potential index for Alex's business is 20%,at what level of product awareness should his business perform?

• A)63%
• B)80%
• C)54%
• D)88%
• E)42%

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Definitions:

Internal Control System

A set of policies and procedures put in place by a company to safeguard assets, ensure financial data accuracy, and promote operational efficiency.

Risk of Loss

The potential for an investment or venture to result in financial loss.

Human Error

Mistakes made by individuals, often leading to accidents or failures in tasks or operations.

Audits

Independent examinations of financial records and statements by a third party to ensure accuracy and compliance with accounting principles.