Business, 24.02.2020 16:57 HannahJuik

A company plans to forecast its sales for high-end kitchen appliances sold wholesale to home remodeler contractors in the Lehigh Valley. What would their expected annual sales be based on the following information: 150,000 existing households and 20,000 new construction; average remolded home spends $3000 in appliances; company expects 10% of the households to perform a kitchen remodel project in the next 12 months with 50% using a contractor and 50% doing it themselves. The company hopes to capture a 10% market share their first year.

Select one:
a. $2,550,000
b. $2,250,000
c. $4,500,000
d. $9,000,000

Answers: 2

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A company plans to forecast its sales for high-end kitchen appliances sold wholesale to home remodel...

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