Reso, a manufacturer of mp3 players or portable media players (PMPs), accounts for 157,500 of the 700,000 PMPs sold annually in the United States. What is the Reso's market share of the PMP market?

Question

Quizplus · Accepted Answer

To find the market share of Reso, we need to divide its sales by the total number of PMPs sold:

Market share = (Reso's sales / Total PMPs sold) x 100%

Market share = (157,500 / 700,000) x 100%

Market share = 0.225 x 100%

Market share = 22.5%

Therefore, Reso's market share of the PMP market is 22.5%. The correct answer is choice B).

Reso, a Manufacturer of Mp3 Players or Portable Media Players