Your Goal Is to Sell Jogging Shoes to Those 65

question 112

Multiple Choice

Your goal is to sell jogging shoes to those 65 and other who live in Florida. Here is some information you have collected: (1) There are 3 million joggers 65 and older in the U.S. (2) 600,000 of them live in Florida. (3) Florida attracts 20% of all people who move when they retire. (4) You estimate that during your first year you will capture 2 percent of the Florida joggers who are age 65 or older. (5) You estimate that your sales will increase by 25% in year 2.
-What is the estimated second-year demand for your jogging shoes?

• A)150,000 pairs of shoes
• B)15,000 pairs of shoes
• C)3,000 pairs of shoes
• D)75,000 pairs of shoes

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Definitions:

Real Property

Real property refers to land and anything permanently attached to it, such as buildings and fixtures.

Personal Property

Movable assets owned by an individual, as opposed to real property like land or buildings.

Intangible

Something that cannot be touched or physically measured, often referring to assets such as intellectual property or goodwill.

Real Property

Land and anything permanently attached to it, such as buildings and fixtures, legally considered immovable.