MuCao Creamery has recently expanded into 3 provinces in
Southeast China. Currently, there are three other retail ice cream
vendors in these provinces along with MuCao with the following
sales volumes:
| Brands | Total Revenues (RMB) |
Cones Served (units) |
| Xihuan Cones | 87,500 | 35,000 |
| MuCao Creamery | 110,000 | 50,000 |
| Scoops | 30,000 | 10,300 |
| Swirls | 59,200 | 20,000 |
1.What is MuCa's average price per cone?
2.What is the total market size in terms of revenues?
1.
Muca's average price per cone = 110000/50000 = 2.2 RMB
2.
Total market size in terms of revenues = 87500+110000+30000+59200 = 286700 RMB
MuCao Creamery has recently expanded into 3 provinces in Southeast China. Currently, there are three other...