Calculate the share potential index if a business is achieving a share development index of 45 at a market share index of 25%.

Question

Quizplus · Accepted Answer

To calculate the share potential index, we use the following formula:
Share Potential Index = (Share Development Index ÷ (100 - Market Share Index)) x 100

Plugging in the given values: 
Share Potential Index = (45 ÷ (100-25)) x 100
Share Potential Index = 60

Therefore, the share potential index is 60, which is closest to option B - 55.6%.

Calculate the Share Potential Index If a Business Is Achieving