The Market Size for Loppins Is 80 Million Units

question 46

Multiple Choice

The market size for Loppins is 80 million units. If SPI Inc. has a market share of 30% and the average sales price is $2 per Loppin, what is the dollar amount of sales of SPI?

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

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Definitions:

Connector Division

A segment or department within a company that specializes in producing connectors, often seen in electronics and manufacturing firms, aiming to enhance operational efficiency and product specialization.

Minimal Acceptable

The lowest standard or level that is considered satisfactory or acceptable.

Special Sensors

Custom or unique sensors designed for specific applications or environments, often used in advanced manufacturing, robotics, or environmental monitoring.

Sensor Division

A business unit within a company focused on the development, production, and sale of sensors, which are devices that detect and respond to changes in an environment.