Question

This is from Teuer Furniture A case in HBR. In Exhibit

8, as below, how can I read those numbers in %?
What does it mean by 73.6% in 2003, year 2?

Answer 1

The numbers in Exhibit 8 of the Teuer Furniture case in HBR represent the change in value over time expressed in percentages.

Step-by-step explanation:

The numbers in Exhibit 8 of the Teuer Furniture case in HBR are expressed as percentages to show the change in value over time. The number 73.6% in 2003, year 2 means that there was a 73.6% increase in value compared to the baseline value. It indicates the growth rate or percentage change in the value of the item being measured.

The number is different from 9.848% because it represents a different period or year. The 9.848% might represent a different year or a different item altogether. The percentage can be higher than 9.848% if the value of the item increased at a higher rate in that particular year.