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Calculate the Category Development Index of a particular product that sells 5% of its product in a particular market that contains 1% of the country's population.
Suggested Answer: B
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32 comments · newest first
ME
Meaghan
10 months ago
Yep, 500 seems right based on the numbers!
TA
Tawna
11 months ago
Just to clarify, that's a huge index!
QU
Quentin
11 months ago
Wait, how does that even make sense?
ME
Melvin
11 months ago
Totally agree, it's definitely 500!
GR
Graciela
11 months ago
The CDI is calculated as (5% / 1%) * 100 = 500.
AU
Audry
12 months ago
I’m leaning towards option A, 500, but I can't quite recall how to confirm that. I just remember that a higher CDI indicates better performance in that market.
NO
Norah
12 months ago
I feel like I might be overthinking this. If the market has 1% of the population and we sell 5%, does that mean the CDI is higher than 100?
YV
Yvette
12 months ago
I remember practicing a similar question, and I think the formula is right, but I'm not sure about the final multiplication step. Is it really just multiplying by 100?
LA
Latrice
1 year ago
I think the CDI is calculated by taking the percentage of sales in the market and dividing it by the percentage of the population, then multiplying by 100. So, it should be 5% divided by 1%?
BL
Blondell
1 year ago
No problem, I've got a strategy for this. I'll first convert the percentages to decimals, then divide the product's share by the population share. That should give me the Category Development Index value.
DI
Dion
1 year ago
Wait, I'm confused. How do I know if I'm supposed to multiply or divide the percentages? I want to make sure I get the right answer on this one.
TI
Timothy
1 year ago
Okay, I think I've got this. The key is to take the product's 5% market share and divide it by the 1% population share. That should give me the Category Development Index.
LA
Laila
1 year ago
Hmm, I'm a little unsure about how to approach this. Is there a formula I should be using to calculate the Category Development Index?
SU
Suzi
1 year ago
This seems straightforward - I just need to calculate the ratio of the product's market share to the population's share, right?
MA
Marsha
1 year ago
Hmm, I'm a bit unsure on this one. I know the normal fasting blood glucose range is around 4-6 mmol/L, but I can't remember the exact cutoff for diabetes. I'll have to think this through carefully.
CL
Clay
1 year ago
This is a good question to test our knowledge of contract law. I'll need to review my notes on the characteristics of executory contracts to determine the right answer.
VE
Veda
1 year ago
I'm going to have to go with D) 200 on this one. Wait, no, that's not right. It's gotta be A) 500. Or is it? *scratches head* Ah, forget it, I'll just guess and hope for the best.
DE
Demetra
1 year ago
User 4: I'll go with D) 200.
LO
Loren
1 year ago
User 3: I'm going with C) 300.
LY
Lynsey
1 year ago
User 2: No, I believe it's B) 400.
YO
Yoko
1 year ago
User 1: I think it's A) 500.
LA
Laurel
1 year ago
This question is a piece of cake! The answer is clearly C) 300. Why? Because 5% is five times bigger than 1%, so the index must be 5/1 = 500. Duh!
MA
Man
1 year ago
Hmm, let me think about this... If the product's market share is 5% and the market's population share is 1%, then the index should be 5/1 = 500. So I'll go with A) 500.
DI
Dion
1 year ago
A) 500 seems like the correct answer to me. It makes sense that the index would be the ratio of the product's market share to the market's population share.
MA
Magnolia
1 year ago
Yes, 500 is the correct answer. It shows how well a product is performing in a specific market compared to the overall population.
AS
Ashanti
1 year ago
I think the answer is 500 too. It's a simple calculation based on market share and population share.
LE
Lenna
1 year ago
Yes, that makes sense. It's the ratio of market share to population share.
LO
Lorrie
1 year ago
I think the answer is 500.
JE
Jesse
2 years ago
I'm pretty sure the answer is C) 300. The product's market share is 5% of the total market, and the market itself contains 1% of the country's population. So the Category Development Index should be 5/1 = 500.
MA
Margurite
2 years ago
I think the answer is C) 300 because the Category Development Index is calculated by dividing the percentage of sales in a market by the percentage of population in that market, then multiplying by 100. So in this case, it would be (5/1) * 100 = 500.
RE
Ressie
2 years ago
I disagree, I believe the answer is B) 400.
JO
Jose
2 years ago
I think the answer is A) 500.