total market
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
what is the total market if the known quantity is 790,000 and known percentage is 13%
Expert Solution
Step 1
Introduction
The overall demand for a good or service across all market groups, prospective competitors, and distribution methods is referred to as the total market.
The difference between actual and anticipated utilization of something is known as a quantity.
Financial ratios, which often compare two sets of data and represent their connection as a percentage, are a widely used format for accounting percentages.
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