The potential market represents all active duty military members, all veterans, and their families. Assume that according to the United States Department of Defense, as of December 31, 2014 there were 1 comma 361 comma 631 active duty personnel in all armed services. The veteran population totaled 21 million at the end of 2014. Assuming the average cost of life insurance is $680 per year and that potential customers purchase one policy per year, use the chain ratio method to calculate the market potential for life insurance in the military market. The number of buyers in the market can be estimated as ___.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The potential market represents all active duty military members, all veterans, and their families. Assume that according to the United ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A production possibilities frontier is bowed outward when Group of answer choices the rate of tradeoff between the two goods being produced is constant.
Answers (1)
Product costs: Select one: a. Are expenditures necessary and integral to finished products. b. Are expenditures identified more with a time period rather than with units of product. c. Include selling and administrative expenses. d.
Answers (1)
In its most recent financial statements, Del-Castillo Inc. reported $30 million of net income and $970 million of retained earnings. The previous retained earnings were $961 million.
Answers (1)
Deepwater Dredging Company holds itself out to others as being a corporation but makes no attempt to incorporate. Estuary Marina signs a contract with Deepwater and Deepwater fails to perform. Estuary Marina files a suit against the firm.
Answers (2)
Suppose the economy is in a recessionary gap. to move equilibrium aggregate output closer to the level of potential output, the best fiscal policy option is to:
Answers (1)
New Questions in Business
Tangshan China Company's stock is currently selling for $80.00 per share. The expected dividend one year from now is $4.00 and the required return is 13 percent.
Answers (1)
18. What was a major factor in the failure of (mostly) command economies? A. Lack of voting rights B. Lack of the profit motive C. Not enough military spending D. Abundant basic goods
Answers (2)
You are saving to buy a $188,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 7.3 percent.
Answers (1)
Has the company you're auditing recently increased or decreased their operations due to mergers or sales of parts of the business?
Answers (1)
Tom lives in an apartment where he pays $8,000 a year in rent. Sarah lives in a house that could be rented for $10,000 a year. How much do these housing services contribute to GDP?
Answers (1)