GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the percentage of a firm’s total sales in relation to the industry as a whole
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determines the ability and likelihood of customers finding another way to either make or provide the services or products a company offers
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the amount of power a company has in the market in relation to their competitors
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pertains to how much power customers have as far as driving down the prices of products and services
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pertains to how much power a supplier has as far as increasing the prices of supplies and merchandise a company purchases from them
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Detailed explanation-1: -Market share is the percent of total sales in a specific industry generated by a particular company and is a measurement of how much one company controls an entire industry. Market share is calculated by dividing the company’s total revenues by the total sales of the whole industry during a specific period of time.
Detailed explanation-2: -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-3: -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. Use this measure to get a general idea of the size of a company relative to the industry.
Detailed explanation-4: -Market share refers to the portion or percentage of a market earned by a company or an organization. In other words, a company’s market share is its total sales in relation to the overall industry sales of the industry in which it operates.
Detailed explanation-5: -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. Description: There are various types of market share.