You are provided with the following information about your city: Total population 2020 = 185,000 Median net household income 2019 =€34,200 Average net household income 2019 = €39,200 Furniture sales per square meter 2019 =€2,680 Average annual amount of furmiture expenses per household: €2,410 Based on the above data and making any assumptions you may need, calculate the total required square footage of furniture stores in your city in 2021. Show clearly and explain all the formulas and assumptions you use for your calculations.

You are provided with the following information about your city: Total population 2020 = 185,000 Median net household income 2019 =€34,200 Average net household income 2019 = €39,200 Furniture sales per square meter 2019 =€2,680 Average annual amount of furmiture expenses per household: €2,410 Based on the above data and making any assumptions you may need, calculate the total required square footage of furniture stores in your city in 2021. Show clearly and explain all the formulas and assumptions you use for your calculations.

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter4: Managing In A Global Environment

Section: Chapter Questions

Problem 1SGB

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