In Russia the Average Consumer Drank Two Servings of Coca-Cola

question 73

Multiple Choice

In Russia the average consumer drank two servings of Coca-Cola in 1993. This amount appeared to be increasing exponentially with a doubling time of 2 years. Given a long-range market saturation estimate of 100 servings per year, find a logistic model for the consumption of Coca-Cola in Russia and use your model to predict when, to the nearest year, the average consumption will be 43 servings per year. ​

• A)Sometime in 2005.
• B) Sometime in 1993.
• C) Sometime in 2003.
• D) Sometime in 2004.
• E) Sometime in 1994.

---

Definitions:

Entry Barrier

Product or service feature that customers expect from organizations in a certain industry; an organization trying to enter this market must provide this product or service at a minimum to be able to compete.

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.

Buyer Power

The influence that customers have over a producing industry, often determining the market value and ensuring that services and products meet their needs.

Buyers

Individuals or entities that purchase goods or services for personal use or organizational needs.