The Market Size for Flippers Is 100 Million Units

question 85

Multiple Choice

The market size for Flippers is 100 million units. If XYZ Ltd has a market share of 15% and the average sales price is $3 per Flippers, what is the dollar amount of sales of XYZ?

• A)$48 million
• B)$45 million
• C)$42 million
• D)$40 million

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Definitions:

Insightful

Having or showing an accurate and deep understanding; perceptive.

Convergent

Relating to or involving the coming together of lines, ideas, or pieces of information so they eventually merge.

Divergent Thinking

A mental approach or technique for producing innovative ideas through the examination of numerous potential answers.

Convergent

Thinking that involves bringing several pieces of information together to solve a problem or come to a single, correct answer.