Online Retail Sales Stood at $22

question 198

Short Answer

Online retail sales stood at $22.7 billion for 2000. For the next 2 years, they grew by 32.4% and 27.4% per year, respectively. For the next 6 years, online retail sales are projected to grow at 30.5%, 19.6%, 24.2%, 13.4%, 17.4%, and 10.1% per year, respectively. What are the projected online sales for 2008? Round your answer to the nearest tenth.
$__________ billion

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Definitions:

Newspaper Prices

The cost at which newspapers are sold to consumers, which can influence demand and circulation numbers.

Joint Operating Agreement

A contractual agreement among co-venturers specifying the terms and conditions under which a joint venture will operate and the responsibilities and share of each participant.

Marginal Cost

The cost added by producing one additional unit of a good or service, crucial for decision-making in business.

Advertising Revenue

Income that a company receives from advertisers for displaying or running their advertisements.