Suppose a Developer Is Interested in Building a New Townhome

question 12

Multiple Choice

Suppose a developer is interested in building a new townhome community. Through his market research, the developer has determined that the target market makes up 10% (core market share) of the households that currently reside in the metropolitan area. If an analysis of data from the MLS indicates that there should be approximately 500 residential sales in this area over the next year, what is the projected number of units the developer could expect to sell in year 1 if he is able to capture 50% of the market potential?

• A) 500 units
• B) 250 units
• C) 50 units
• D) 25 units

---

Definitions:

Infants

Young children from birth to 1 year of age.

Young Children

Individuals in the early stages of life, typically defined as those from birth to elementary school age, requiring specific care and nurturing.

Prone Position

Lying flat with the front or face downwards, often used in medical settings for specific treatments or examinations.

Gluteus Muscle

A group of three muscles located in the buttocks that are responsible for movement of the hip and thigh.