Calculate the Category Development Index of a particular product that sells 5% of its product in a particular market that contains 1% of the country's population.
I'm going to have to go with D) 200 on this one. Wait, no, that's not right. It's gotta be A) 500. Or is it? *scratches head* Ah, forget it, I'll just guess and hope for the best.
Hmm, let me think about this... If the product's market share is 5% and the market's population share is 1%, then the index should be 5/1 = 500. So I'll go with A) 500.
A) 500 seems like the correct answer to me. It makes sense that the index would be the ratio of the product's market share to the market's population share.
I'm pretty sure the answer is C) 300. The product's market share is 5% of the total market, and the market itself contains 1% of the country's population. So the Category Development Index should be 5/1 = 500.
I think the answer is C) 300 because the Category Development Index is calculated by dividing the percentage of sales in a market by the percentage of population in that market, then multiplying by 100. So in this case, it would be (5/1) * 100 = 500.
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