2 Shaka's Sandwiches operates on a busy streetdowntown, and only serves lunch, and onlyMonday through Friday. Within its narrowlydefined market, Shaka's Sandwiches believesthat it gets 43.5% of its customers' workdaylunch business. Its customers are a big lunch-eating crown with a usage index of about159.4%. Unfortunately, only a small slice of thestreet's lunchtime customers visit Shaka'sSandwiches--the shop's penetration share isonly 11.5%. Calculate market share for Shaka'sSandwiches. Report your answer as a percent.Round to the nearest tenth of a percent. Report25.5%, for example, as "25.5".

Here in this question Shaka runs his Sandwiches on a busy street downtown, and only serves lunch,…

Answered: only 11.5%. Calculate market share for…

only 11.5%. Calculate market share for Shaka's Sandwiches. Report your answer as a percent. Round to the nearest tenth of a percent. Report 25.5%, for example, as "25.5".

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Shaka's Sandwiches operates on a busy street
downtown, and only serves lunch, and only
Monday through Friday. Within its narrowly
defined market, Shaka's Sandwiches believes
that it gets 43.5% of its customers' workday
lunch business. Its customers are a big lunch-
eating crown with a usage index of about
159.4%. Unfortunately, only a small slice of the
street's lunchtime customers visit Shaka's
Sandwiches--the shop's penetration share is
only 11.5%. Calculate market share for Shaka's
Sandwiches. Report your answer as a percent.
Round to the nearest tenth of a percent. Report
25.5%, for example, as "25.5".

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