Question

The marketing department has projected that the firm's market share will be 8% of industry sales. If the price per unit is $200, the firm's expected sales revenue will be _____.

a) $15,000

b) $12,000

c) $24,000

d) $18,000

Answer 1

The question is incomplete as it does not provide industry sales or quantity of units sold, and the options given do not correspond to the price per unit of $200. Typically, expected sales revenue would be calculated as the quantity sold multiplied by the price per unit.

Step-by-step explanation:

The question asks to calculate the firm's expected sales revenue based on a projected market share and unit price. To answer the question, we would need the total industry sales to calculate the firm's 8% market share. This may imply a typo or error in the question as the provided options don't correspond to the price per unit given. Typically, to calculate expected sales revenue, you multiply the quantity sold by the price per unit.

For example, if the firm sold 100 units, at a price of $200 per unit, the expected sales revenue would be:
100 units x $200/unit = $20,000.