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Q6.. Anne-Marie Cole runs the sales division for a local auto insurance firm. One of her key duties is to ensure the company has 20 percent market...

This question was created from INSS 300EX1_Mid_term_2016 https://www.coursehero.com/file/21182583/INSS-300EX1-Mid-term-2016/

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Q6. . Anne-Marie Cole runs the sales division for a local auto insurance firm. One of her key duties is to ensure the company has 10 percent market share by the end of the year. When evaluating the current sales numbers she determines that her sales division has total sales of $4 million and the entire industry has total sales of $50 million. What additional sales must Anne-Marie's division meet to ensure they have 10 percent of the market by the end of the year? A. $3 million B. $2 million C. $1 million D. $4 million

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Top Answer

ANS: $1 million REASON: 10% of industry sales = 10 /100 x $50 million... View the full answer

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