Use+the+following+data+to+compute+the+relative+market+share+of+each+brand+and+its+position+on+the+growth-share+matrix+if+the+market+growth+rate+is+13. 4%. +which+of+the+following+is+correct?

Respuesta :

Market share is simply the percentage of the total revenue or sales in a market which a particular business makes.

What is a market share?

Your information is incomplete. Therefore, an overview of the market share will be given. Market share is a measure of consumers' or businesses' preference for a product over other similar products.

A higher market share means greater sales and less effort is needed to sell more and a strong barrier to entry for other competitors.

For example, if there are 50,000 units sold per year in an industry, a company that has sales of 5,000 of those units would then have a 10 percent share in that market.

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