Allison has a horse stall cleaning business that has been growing rapidly since she started it three years ago. She estimates the total number of horse stalls in her market to be 5000, owned by a total potential population of 1500. Currently, there are only two competitors in the market, Allison, who has 407 stalls that she cleans, and Sam's Hayfaring Maneger, that cleans 1,220 stalls. The remainder of the stalls are cleaned by their owners rather than by a service. Allison prices her cleaning services at $8 per stall per month and Sam charges $8 for the same service. Allison's sales are derived from 129 customers while Sam's are from 69 customers, meaning that Sam's customers have more stalls on a per capita basis.What is the market penetration rate based on potential customers?

Answers

Answer 1

Answer: 13.2%

Explanation:

Given data:

No of stores in the market = 5000

No. of store owners = 2000.

Allison charges = $8/month

Sam charges = $8/month.

Solution:

The market penetration rate would be calculated based on potential customers.

Using our general formula,

Market penetration=Numbers of customers who purchased Allison derived sales and Sam derived sales /Total potential population

Where,

Total potential population=1,500

•Allison derived sales = 129 customers

•Sam derived sales = 69 customers

•Numbers of customers who purchased Allison derived sales and Sam derived sales=129 customers+ 69 customers

•Numbers of customers who purchased Allison derived sales and Sam derived sales =198 customers

Let’s input this into our general formula.

Market penetration

= 169 customers/1,500

= 0.132*100

= 13.2%

The market penetration rate based on potential customers is 13.2%


Related Questions

Which of the following criteria is important when identifying a potential
mentor?
A. Whether you admire the person
B. The person's passions outside of work
C. How much money the person makes
D. How many mentees the person has had previously
SUBMIT

Answers

Answer: A

Explanation:

Answer:

A. Whether you admire the person

Explanation:

Who heads each of the branches of Federal Reserve Banks and look after their functioning?
A.
Board of Directors
B.
Board of Governors
C.
Reserve Bank President
D.
Managing Directors

Answers

The Chair of the Board of Governors of the Federal Reserve System is the chief of the Federal Reserve, which is the central banking system of the United States.

Identify the correct way to cite the O*NET "Video Game Designers" web page.


1. Details Report for: 15-1199.11 – Video Game Designers. O*NET OnLine. n.p., 2012. Web. 1 May 2013.

2. “Details Report for: 15-1199.11 – Video Game Designers.” O*NET OnLine. n.p., 2012. Web. 1 May 2013.

3. O*NET OnLine. “Details Report for: 15-1199.11 – Video Game Designers.” n.p., 2012. Web. 1 May 2013.

4. “O*NET OnLine.” Details Report for: 15-1199.11 – Video Game Designers. n.p., 2012. Web. 1 May 2013.


Second Option is Correct!

Answers

Answer:

B. “Details Report for: 15-1199.11 – Video Game Designers.” O*NET OnLine. n.p., 2012. Web. 1 May 2013

Explanation:

EDGE2022

2Details Report for: 15-1199.11 – Video Game Designers.” O*NET OnLine. n.p., 2012. Web. 1 May 2013 is the correct way to cite the O*NET "Video Game Designers" web page.

What is video game designer?

A video game designer envisions practically all aspects of a game, including stories, characters, visual designs, and layouts. Designers collaborate with several teams to develop a unified vision.

Thus, option B is correct.

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I need help with this

Answers

Answer:

B. Someone new contributes money to the company, becoming an owner.

Explanation:

Common stocks or shares represent a portion of the company. Ownership of a share means owning a part of the company. Shares are also known as equity.

A company issues common stocks when it wants to raise additional capital. Anyone buying shares is contributing capital to the business. They become owners of the business or shareholders as popularly known. They are issued with share certificates and are entitled to dividends.

What is a manufacturer’s goal when using specialization?

Answers

Answer:

. -Specialization leads to efficient use of resources including land, labor, and capital ..Ex: A shirt manufacturer realizes that striped shirts are a hot topic.

Explanation:

there goals is to provide growth in the economy.

State four ways in which the post office helps traders communicate to one another.​

Answers

Answer:

The post office helps traders to keep in touch with each other quickly. The Post office also provides express delivery by local urgent mail.

Answer:

he

Explanation:

Would be much appreiacted if you could please take a look at my recent question and see fi you could be of any use:)

How can avoiding speeding tickets affect an automobile insurance policy?
O It can make it hard to file a claim.
O It can help keep premiums down.
O It can raise the price of premiums.
O It can make it difficult to share risk.

Answers

it can help keeps premiums down.

The avoidance of speeding tickets can affect an automobile insurance policy as It can help keep premiums down.

What is speeding ticket?

The term speeding ticket is known to be a form of ticket that is written as a  piece of paper that is said to be given only by a police officer to a person who was fount to be driving too fast and that tells the given amount of  fine that the driver will pay.

Note that when there is low rate or an avoidance of speeding tickets, it can influence an automobile insurance policy as It can bring about a reduction in premiums.

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A container when 3/8 full,holds 15 litres of oil.How many litres of oil would be needed to fill 5 similar containers?​

Answers

Answer:

200 litres of oil

Explanation:

When the container is 3/8 full, its holds 15 litres of oil.

i.e. 3/8 = 15 litres

the container need 8/8 or 1 to be full.

If 3/8 = 15 litres. or 0.375 = 15 litres

full container will be 15/0.375 x 1

=40 litres

To fill 5 such containers will requires

=40 litres x  5

=200 litres of oil

Answer:

I want brainliest lol

Explanation:

4. List and explain the reserve requirements for banks in 2019 for checking accounts and savings accounts.

Answers

Answer:

love the points

Explanation:

*ECONOMICS* Which situation best illustrates the concept of absolute advantage?
O A. A factory in Vietnam can produce more shoes than other
countries.
O B. The total value of U.S. exports is lower than the value of the
country's imports.
O C. A software company is forced to increase its prices to pay for
rising labor costs.
D. A restaurant buys its ingredients from nearby farms to help the
local economy.

Answers

Answer:

O A. A factory in Vietnam can produce more shoes than other

countries.

Explanation:

Absolute advantage is the capability of a commercial entity to produce goods using fewer resources compared to rivals. Using the same inputs, an entity with an absolute advantage produces a larger output compared to competitors. It means the firm has a lower marginal cost of production. Therefore, its products will have the lowest prices in the market.  

The factory in Vietnam has an absolute advantage in producing shoes. It is using fewer resources than rivals to manufacture shoes, that why it is producing a higher quantity.

There is no gain in mechanical advantage in a single fixed pulley . explain why the pulley is then used​.

Answers

Explanation:

A single fixed pulley is used only to change the direction of the force applied that is with its use, the effort can be applied in a more conveninent direction. To raise a load directly upwards is difficult.

An electronic card that serves as an interface to an ATM is known as a ____.
A. cash card
B. credit caby
C. smart card
D. debit card​

Answers

Answer:

D. debit card​

Explanation:

A debit card is an electronic card that enables customers to access their bank accounts via an ATM.  An ATM ( Automated Teller Machine) is a banking outlet that allows customers to perform basic banking services such as deposits, withdrawals, transfers, and balance inquiries without stepping into the banking hall.

A customer needs to have their debit card and the PIN to access their bank account via the ATM.

Diseconomies of scale means that a company is too small to purchase in bulk and is unable to lower costs.

True
False

Answers

Answer:

Diseconomies of scale are when production output increases with rising marginal costs. ... Fixed costs do not change with increases/decreases in units of production volume, while variable costs are solely dependent, which results in reduced profitability. They show how well a company utilizes its assets to produce profit.

Explanation:

It's true.

True.
Explanation: It is True.

HELP!

While drilling metal, Ben poured oil over the area. Which best explains why he did this?


Ben was trying to reduce fluid friction.

Ben was trying to reduce kinetic friction.

Ben was trying to increase fluid friction.

Ben was trying to increase kinetic friction.

Answers

Answer:

B. Ben was trying to reduce kinetic friction

Hope it works!

Explanation:

While drilling metal, Ben poured oil over the area, and Ben was trying to reduce kinetic friction. Therefore option B is correct.

What is Kinetic friction?

The kinetic friction force, also known as sliding friction, only affects moving objects (thus the term "kinetic"). Pushing a box across floorboards is an example of this force opposing sliding motion. This sort of friction has a particular coefficient of friction (such as rolling friction).

Static friction, which is the resistance to motion brought on by the friction between a motionless item and a surface, is the other main type of friction that occurs between solids. The force of friction is weaker for items that are already moving because the coefficient of static friction is often greater than the coefficient of kinetic friction.

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Production is the combination of collaboration, economy, and ___________.
A) outsourcing
B) creativity
C) efficiency
D) skills

Answers

Answer:

C) efficiency

Explanation:

Efficiency means the reduction or elimination of wastages in the production process. Efficient production describes a scenario where goods and services are manufactured with minimal waste in materials, time, effort, and other resources.  Efficiency is a mark of competency.

The production process requires a business collaboration of outside parties. The business requires raw material, supplies, distribution network, among other things, for production to succeed.,These requirements are offed by other companies, which means collaboration is essential.

I need help!!!! Someone please lemme know what I need to do!!!!

Answers

Answer:

Ok so first, you can do by taking to mortgage. ex : 146,800.00 multiply by 30, then you have your answer, then vise versa .. Hope this helped.

Explanation:

!!!!!PLEASE HELP I NEED TO PASS !!!!
Which of the following are meant to store money which is NOT intended for daily expenses?
O Checking accounts
O Savings accounts
O Loan accounts
O Credit accounts

Answers

Umm I’m not quite sure but it gonna have to be Loan accounts

Answer:

You put money in saving accounts and don't usually use it for daily expenses. checking accounts are for daily expenses loans are for investments and credit catds are the banks money so it has to be a savings account

If average household income increases by 10%, from $50,000 to $55,000 per year, the quantity of rooms demanded at the Triple Sevens from rooms per night to rooms per night. Therefore, the income elasticity of demand is , meaning that hotel rooms at the Triple Sevens are . If the price of a room at the Exhilaration were to decrease by 10%, from $250 to $225, while all other demand factors remain at their initial values, the quantity of rooms demanded at the Triple Sevens from rooms per night to rooms per night. Because the cross-price elasticity of demand is , hotel rooms at the Triple Sevens and hotel rooms at the Exhilaration are . Triple Sevens is debating decreasing the price of its rooms to $175 per night. Under the initial demand conditions, you can see that this would cause its total revenue to . Decreasing the price will always have this effect on revenue when Triple Sevens is operating on the portion of its demand curve.

Answers

Answer:

Some numbers are missing, so I looked for similar questions:

If average household income increases by 10%, from $50,000 to $55,000 per year, the quantity of rooms demanded at the Triple Sevens from 300 rooms per night to 350 rooms per night. Therefore, the income elasticity of demand is             , meaning that hotel rooms at the Triple Sevens are      .

income elasticity of demand = % change in quantity demanded / % change in income

income elasticity of demand = 16.7% / 10% = 1.67, since it is positive, then they are normal goods, and since their IED ≥ 1, they can also be considered luxury goods.

If IED is negative, that means that a good is an inferior good, since the more you earn, the less you consume.

If the price of a room at the Exhilaration were to decrease by 10%, from $250 to $225, while all other demand factors remain at their initial values, the quantity of rooms demanded at the Triple Sevens from 300 rooms per night to 200 rooms per night. Because the cross-price elasticity of demand is      , hotel rooms at the Triple Sevens and hotel rooms at the Exhilaration are        .

Cross price elasticity of demand = % change in quantity demanded of Triple Sevens hotel rooms / % change in price of Exhilaration hotel rooms

Cross price elasticity of demand = -33.33 / -10% = 3.33

Triple Sevens hotel and Exhilaration hotel are substitutes since their cross price elasticity is positive.

Triple Sevens is debating decreasing the price of its rooms to $175 per night (from $200). Under the initial demand conditions, you can see that this would cause its total revenue to        . Decreasing the price will always have this effect on revenue when Triple Sevens is operating on the        portion of its demand curve.

original revenue before change in price = $200 x 150 rooms = $30,000

revenue after decreasing price = $175 x (150 x 1.1667) = $175 x 175 rooms = $30,625

total revenues will increase by $625, this happens because Triple Sevens hotel is operating on the elastic portion of the demand curve.

Regular salary: $984 per month

Overtime rate: $10.39 per hour (14 hours overtime to be paid)

Round your answers to two decimal places.

gross pay: $

Answers

Answer:

$1,129.46

Explanation:

Gross pay is the total of basic salary plus any other payments such as bonuses, commissions, and overtime.

In the case,

salary = $984

overtime = $10.39 per hour  x 14 hours

=$145.46

Gross pay =  $984 + $145.46

=$1,129.46

HELPPPKDDKKD
Question 5 of 10
Creating barriers to trade can lead to which problem?
A. Consumers will be more likely to buy luxury goods in foreign
markets
O B. Domestic businesses will face more competition from foreign
companies.
C. The country will become overly reliant on foreign countries.
OD. Other countries will retaliate by creating their own barriers to trade.

Answers

Creating barriers to trade can lead to Other countries will retaliate by creating their own barriers to trade problem.

What are the reasons of trade barriers?

Governments erect trade barriers to control foreign trade and safeguard domestic industries. Implementing trade barriers is done for a variety of reasons, including: 1. Protecting domestic industries: To shield their domestic industries from foreign competition, governments may impose trade barriers. Subsidies, quotas, or tariffs can all be used to achieve this. 2. National security: Trade restrictions may be put in place for the protection of the nation, such as by limiting the export of materials or sensitive technology that could be used for military purposes. 3. Environmental issues: To protect the environment, governments may impose trade restrictions on imports of products that do not adhere to certain environmental standards. 4. Anti-dumping measures: To stop businesses from flooding the market with their products at below-market prices, governments may impose tariffs or quotas.

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Imagine you want to become a chef and restaurant owner. What education and
skills would you need to succeed in this position?

Answers

Business, Culinary/food handling permit.

Answer:

Cooking and business managing skills

Explanation:

To be a chef you need to know how to cook, not just following recipes, but being able to cook food that uses the ingredients and measurements you think it need.

To own a restaurant you need to know how to budget money, what you need to buy, how to be able to pay for a restaurant, how to manage it, how to hire staff and pay your staff.

Ramon has been appointed the manager of a retail store. He wants to bring the store into the modern era and direct its future by utilizing the latest trends in visual merchandising. What can Ramon do to achieve this?

Answers

Answer:quit school and beco

Explanation:

Answer:

C.  install mannequin robots to display clothes

Explanation:

Among the offered answers, a truly avantgarde, modern approach is to implement robot mannequins in the store. With this tactic, customers would be incentivized to approach this innovative customer journey. Through pioneering this technique, Ramon's company would get a competitive advantage through visual merchandising.

Is cereal soup or no?

Answers

Answer:

no its a candy acid

Explanation:

Where is the data displayed in a query stored?
O in the query
o on the Clipboard
in a temporary backup file
O in the underlying table

THE ANSWER IS D

Answers

Answer:

lol ummmmmmmm how abt d

What is the distinguishing feature of a market structure with monopolistic competition?

A) product reliability
C) product differentiation
B) lower product prices
D) government-approved products

Answers

Answer:

look below

Explanation:

Monopolistic competition is a market structure defined by four main characteristics: large numbers of buyers and sellers; perfect information; low entry and exit barriers; similar but differentiated goods.

Would be much appreictaed if you could lookat my recent question posted and see if you could be of any help:)

Dr. Peabody contributed $5,000 in cash to the company. Which of the following statements is correct?
A. Cash is debited $5,000; capital is credited $500.
B. Capital is debited $5,000; cash is credited $5,000.
C. Cash is credited $5,000; capital is credited $5,000.
D. Cash is debited $5,000; capital is credited $5,000.

Answers

Answer:

D. Cash is debited $5,000; capital is credited $5,000.

Explanation:

The action by Mr. Peabody will increase both cash and capital accounts by $5000 each. As per the accounting equation,( Assets = owners equity + liabilities) cash and capital are on the opposites sides.  Cash is an asset, while capital is equity.

An increase in an asset is a debit, while an increase in capital is credited. In this case, the cash account will be debited by $5000, while the same amount will credit the capital account.

How can part-time or temporary work help you explore career choices?
The three traits an entrepreneur must possess to be successful are _____.
a.
motivation, humility, and decision making
b.
conflict management, motivation, and decision making
c.
sight & foresight, decision making, and motivation
d.
humility, conflict management, and sight & foresight


Please select the best answer from the choices provided


A
B
C
D

Answers

Answer:

d is your answer

Explanation:

What is location analysis

Answers

Answer:

Location analysis is a technique for discovering, assessing and specifying the optimal placement of an organization's people, information, activities, and materials.Location models are key in performing location analysis by providing a well-documented common vision of current and desired location arrangements.

3. Describe through the use of T accounts the birth & growth of the Wahoo Bank

Answers

Answer:

Describe through the use of T accounts the birth & growth of the Wahoo Bank is explained below in detailed explanation.

Explanation:

Equipoise T-accounts is one of the more complex and mind gobbling something for many accounting scholars. In this lesson, we're going to discover specifically how to balance a T-account. Surely, by the time you've completed this exercise, this action will be more relaxed for you than ever since. The last portion of the T-account that we require to meet is its amount. An account’s amount is the value of that object at a precise point in time.

In a T-account, we determine the balance of the matter at the origin of the term (month or year) and the conclusion of the period.

what does the fox say​

Answers

Answer:nenenesnene

Explanation:

Answer:

"Ring-ding-ding-ding-dingeringeding!

Gering-ding-ding-ding-dingeringeding!

Gering-ding-ding-ding-dingeringeding!"

"Wa-pa-pa-pa-pa-pa-pow!

Wa-pa-pa-pa-pa-pa-pow!

Wa-pa-pa-pa-pa-pa-pow!"

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