BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sales of product / total market sales x 100
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Sales of product / total sales x 100
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Costs of product / total market sales x 100
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Revenue-Expenses
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Detailed explanation-1: -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.
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: -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-4: -Sales revenue formula: How to calculate sales revenue? The sales revenue formula calculates revenue by multiplying the number of units sold by the average unit price. Service-based businesses calculate the formula slightly differently: by multiplying the number of customers by the average service price.