A Developer of a New Townhome Community Has Gathered the Following

question 23

Multiple Choice

A developer of a new townhome community has gathered the following market information for University City. The developer estimates that there will be 1,200 home (all types) sales in University City over the next year. An analysis of demographic information has revealed that the core market share for the townhome project within the community is 10%. Assuming a capture rate of 20%, what is the developer's first year projection of townhome sales in the new community?

• A) 24 units
• B) 120 units
• C) 240 units
• D) 600 units

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Definitions:

Minnesota Nice

A cultural stereotype referring to the polite, reserved, and mild-mannered nature of people from the state of Minnesota.

Conscientiousness

A personality facet denoting an individual's systematic approach, reliability, and a zealous dedication to duty.

Openness To Experience

One of the Big Five personality traits, characterized by a willingness to try new things, engaging in imaginative activities, and appreciating various forms of art and beauty.

Openness To Experience

A personality trait that features an individual's willingness to try new activities, engage in creative endeavors, and embrace novel ideas.