### Calculate the market potential for life insurance

Assignment Help Operation Management
##### Reference no: EM131434750

The potential market represents all active duty military members, all veterans, and their families. Assume that according to the United States Department of Defense, as of December 31, 2014 there were 1, 360, 091 active duty personnel in all armed services. The veteran population totaled 21 million at the end of 2014. Assuming the average cost of life insurance is \$680 per year and that potential customers purchase one policy per year, use the chain ratio method to calculate the market potential for life insurance in the military market.

The number of buyers in the market can be estimated as.

#### Describe five potential challenges to starting new business

You are planning to begin a new business providing legal consulting services to the technology industry. Name and describe five potential challenges to starting this new bus

#### We would be hiring thirty new employees

The sentences has three errors. In the blank box for each question, type ONLY the three corrections for those errors. On February 1st our company President revealed that we wo

#### Top countries that lead export and import of merchandise

The WTO's International Trade Statistics is an annual report that provides comprehensive, comparable, and updated statistics on trade in merchandise and commercial services.

#### Twelve nurses work the fourth floor at hospital-monitoring

Twelve nurses work the fourth floor at a hospital, monitoring and assisting patients. The nurses are regularly (average 1.3 times per hour each) required to access a drug disp

#### What is the probability that all machines are working

An operator is in charge of FIVE machines. After each machine completes a job, the operator must reset it before a new job is started. In other words, the operator’s task is t

#### Type of shock absorber-approach to management entail

How much responsibility does an organization have to shield its employees from the effects of rapid change in the environment? What risks does this type of “shock absorber: ap

#### Approximately poisson in nature

A crew of mechanics at the Highway Department garage repair vehicles that break down at an average of ? =10 vehicles per hour (approximately Poisson in nature). The mechanic c