Superba Cravats Is a Major Marketer of Men's Bow Ties

question 153

Multiple Choice

Superba Cravats is a major marketer of men's bow ties.It estimates there are 20 million buyers of bow ties each year,that the average wearer of bow ties purchases 4 ties per year,and that the average price per bow tie is $10.Superba Cravats has a market share of 20 percent.The market (or industry) potential for bow ties is:

• A)$80 million.
• B)$200 million.
• C)$400 million.
• D)$800 million.

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Definitions:

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Any instrument, apparatus, implement, machine, or software intended by its manufacturer to be used for medical purposes like diagnosis, prevention, monitoring, treatment, or alleviation of disease.

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