Assume the average Texas adult (21 years of age) consumes 3.8 gallons of craft beer per year. What is the market potential for the six-county area in gallons of beer sold

Respuesta :

The market potential for the six-county area in gallons of beer sold will be 390,797 gallon

What is market potential?

A market potential means the likely sales of a product in a market sphere.

Market potential for Shannon’s = Population above 21 years * Consumption per adult * Shannon market share

Market potential = 3,546,253*3.8*0.029

Market potential = 390797 gallon

In conclusion, the market potential for the six-county area in gallons of beer sold will be 390,797 gallon

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