ENTREPRENEURSHIP

Detailed explanation-1: -What Is Market Share? Market share is the percent of total sales in an industry generated by a particular company. Market share is calculated by taking the company’s sales over the period and dividing it by the total sales of the industry over the same period.

Detailed explanation-2: -Market share is the percentage of an industry’s sales that a particular company owns. Essentially, it is the share of your business’s total industry revenue from selling your products and services. Businesses with larger market shares are industry leaders and competition for smaller companies.

Detailed explanation-3: -What is an example of market share? If a business selling $20 million’s worth of a product in one year, and the total market is worth $40 million, the brand’s market share would be 50%.

Detailed explanation-4: -Market share is a basic economic metric that is used to gauge the strength of a particular company compared to its competitors and its potential for future growth.