Superba Cravats is a major marketer of men's bow ties. It estimates there are 20 million buyers of bow ties each year, that the average wearer of bow ties purchases 4 ties per year, and that the average price per bow tie is $10. Superba Cravats has a market share of 20 percent. The market (or industry) potential for bow ties is:

Superba Cravats is a major marketer of men's bow ties. It estimates there are 20 million buyers of bow ties each year, that the average wearer of bow ties purchases 4 ties per year, and that the average price per bow tie is $10. Superba Cravats has a market share of 20 percent. The market (or industry) potential for bow ties is:

Superba Cravats is a major marketer of men's bow ties. It estimates there are 20 million buyers of bow ties each year, that the average wearer of bow ties purchases 4 ties per year, and that the average price per bow tie is $10. Superba Cravats has a market share of 20 percent. The market (or industry) potential for bow ties is:



A.

$80 million.


B.

$200 million.


C.

$400 million.


D.

$800 million.



Answer: D


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