BUISENESS MANAGEMENT
MARKET RESEARCH
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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industrial market
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capitalism
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market share
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marketing plan
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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: -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-4: -Market share is the percentage of the total revenue or sales in a market that a company’s business makes up. For example, if there are 50, 000 units sold per year in a given industry, a company whose sales were 5, 000 of those units would have a 10 percent share in that market.
Detailed explanation-5: -A value market share is described by the business’ overall shares out of its accumulated segment sales. On the contrary, a volume market share pertains to the exact quantity of the units the entity markets against the overall number of units sold in the market.