ENT Entertainments question 99 BPP Revision kit

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This topic contains 5 replies, has 3 voices, and was last updated by Avatar of jaypatel jaypatel 1 year, 4 months ago. This post has been viewed 44 times

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    Daisy
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    Hi friends, I am suck with a particular question because I could not work out the market growth and average of annual market growth. I looked at the answer but still don’t understand how this figures has come up. Could you please let me know.


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    Daisy
    Participant
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    Come on guys, I am sure someone must have done this question. Please look at the answer and let me know how the examiner worked it out the answer for market growth? Much appreciated.


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    Kush
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    • Topics: 1
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    look it up on the ACCa website on how they solved it. It’s much easier


    Avatar of jaypatel
    jaypatel
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    Hi Daisy,

    Sure I’ve done this question. I’ll work through the restaurants bit.

    The basic calculation is

    Current Year/Past Year x 100.

    So market growth in restaurants would be (10,860 / 10,752) x 100 = 1.01%
    Or 1.0% rounded.

    The average is much the same. So take the growth between each year;

    %
    2000-2001 1.0
    2001-2002 1.0
    2002-2003 0.0 (Stayed the same but still counts as a growth period)

    Average growth is, Total / Number of growth periods

    So (1.0 + 1.0 + 0.0) / 3 = 0.67

    Hope this helps


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    Daisy
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    • Topics: 8
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    Thank you so much Jay. I just realised where I have gone wrong after you have explained the marget growth. I was calculating the market growth for this particular company not for the entire industry. That why I did not get the answers. I was so silly. Thanks for pointing out the calculations. Good luck for the exam


    Avatar of jaypatel
    jaypatel
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    • Topics: 5
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    No worries.

    Good luck… fingers crossed.

    The more questions I do the more I feel that I don’t know.

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