global textile sales a company has a 19% market share in 2024. what is an appropriate revenue projection for…

global textile sales a company has a 19% market share in 2024. what is an appropriate revenue projection for 2025? $10 billion $11 billion $9 billion $12 billion

global textile sales a company has a 19% market share in 2024. what is an appropriate revenue projection for 2025? $10 billion $11 billion $9 billion $12 billion

Answer

Explanation:

Step1: Estimate 2025 global textile sales

From the graph, global textile sales seem to be increasing linearly. In 2024, sales are around $52 billion. Assuming a similar growth - rate, we can estimate 2025 sales to be around $54 billion.

Step2: Calculate company's 2025 revenue

The company has a 19% market - share. So the revenue projection is $54\times0.19 = 10.26$ billion.

Answer:

A. $10 billion