global furniture sales\nsales (billions of $)\na company has a 7% market share in 2024. what is an…

global furniture sales\nsales (billions of $)\na company has a 7% market share in 2024. what is an appropriate revenue projection for 2025?\n$6 billion\n$5 billion\n$8 billion\n$7 billion

global furniture sales\nsales (billions of $)\na company has a 7% market share in 2024. what is an appropriate revenue projection for 2025?\n$6 billion\n$5 billion\n$8 billion\n$7 billion

Answer

Explanation:

Step1: Estimate 2025 global sales

From the graph, global furniture sales seem to be increasing linearly. In 2024, sales are around 85 billion dollars. Assuming a similar growth - rate, in 2025, sales might be around 90 billion dollars.

Step2: Calculate company's revenue

The company has a 7% market - share. To find its revenue, we calculate 7% of the estimated 2025 global sales. 7% of 90 billion is $0.07\times90 = 6.3$ billion dollars.

Answer:

A. $6 billion