ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The amount of total sales over a time period
|
|
|
The amount of total profit over a time period
|
|
|
The amount of praise over a time period
|
|
|
Taking a piece of the market
|
Detailed explanation-1: -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: -How to Calculate Market Share. Find your business’s total sales revenue for your preferred period and divide that number by your industry’s total revenue during the same period. Once you have this result, multiply the number by 100 to generate your market share percentage.
Detailed explanation-3: -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.