Question 2: From studying the local real estate market in the past few years, you observe that on average, it takes 120 days to sell a house (assume there are 360 working days in a year), and typically there are about 20 houses remain on sale in the market. What is the annual transaction number?
Question 2: From studying the local real estate market in the past few years, you observe that on average, it takes 120 days to sell a house (assume there are 360 working days in a year), and typically there are about 20 houses remain on sale in the market. What is the annual transaction number?
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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![Question 2: From studying the local real estate market in the past few years, you observe that on
average, it takes 120 days to sell a house (assume there are 360 working days in a year), and typically
there are about 20 houses remain on sale in the market. What is the annual transaction number?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf613f81-afac-457d-a030-8566833194c6%2F7a310a5c-f7ee-41bf-92dc-0fd9e202ecab%2F8w82ck7_processed.png&w=3840&q=75)
Transcribed Image Text:Question 2: From studying the local real estate market in the past few years, you observe that on
average, it takes 120 days to sell a house (assume there are 360 working days in a year), and typically
there are about 20 houses remain on sale in the market. What is the annual transaction number?
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