Anne-Marie Cole Runs the Sales Division for a Local Auto

question 180

Multiple Choice

Anne-Marie Cole runs the sales division for a local auto insurance firm. One of her key duties is to calculate her company's market share. When evaluating the prior year numbers, she found that her firm achieved total sales of $3 million and the entire industry had $30 million in sales. What is Anne-Marie's current market share?

• A)1%
• B)10%
• C)18%
• D)20%

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Definitions:

FOB Absorption Pricing

A pricing strategy where the seller includes the cost of transportation to the buyer's location in the selling price of the goods.

Uniform Delivered Pricing

A pricing strategy where a seller charges the same shipping cost to all buyers, regardless of their geographic location.

Transportation Costs

are expenses incurred in moving goods from one location to another, including freight charges and fuel costs.

Inclusive Transport Pricing

Pricing strategy in transport that considers all associated costs and charges, ensuring transparency and clarity for the consumer.