ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Total market sales in terms of value or volume is known as:
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Market share
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Market research
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Market size
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Market growth
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Explanation:
Detailed explanation-1: -Market size by sales volume measures the amount of goods sold by quantity, e.g. bottles of cola. Market size by value measures the amount spent by customers on the volume of goods sold and will be expressed in a currency such as US dollars or Euros.
Detailed explanation-2: -The formula below can help you calculate market size: Number of target users x purchases expected in a given period = market size or volume.
There is 1 question to complete.