ENTREPRENEURIAL OPPORTUNITIES
COMPETITIVE ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the percentage of a customer profile that is buying a particular product or service from your business.
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the percentage of a business that is buying a particular product or service from your business.
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the percentage of a target market population that is buying a particular product or service from your business.
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the percentage of a retailer that is buying a particular product or service from your business.
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Detailed explanation-1: -Definition: Out of total purchases of a customer of a product or service, what percentage goes to a company defines its market share. In other words, if consumers as a whole buy 100 soaps, and 40 of which are from one company, that company holds 40% market share.
Detailed explanation-2: -What Is Market Share? A company’s market share is its sales measured as a percentage of an industry’s total revenues. You can determine a company’s market share by dividing its total sales or revenues by the industry’s total sales over a fiscal period.
Detailed explanation-3: -You can calculate your market share by finding your business’s total revenue for a specific period of time and dividing that number by your industry’s total revenue during the same period. Then, multiply this number by 100 to calculate your market share percentage.