what is ment by market share?

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Business studies GCSE unit 2

Posted Sun 13th May, 2012 @ 16:35 by Pwincess Saliya -ساليا العزيز

3 Answers

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You can use this formula to work it out: market share = total sales of the business ÷ total sales in the market

Its basically the proportion of the market that a business holds. For example, Peacocks didn't have a high percentage market share so they had to close down, because they had too many competitors and not a good enough unique selling point.

Answered Sun 13th May, 2012 @ 16:42 by Aida Abdul-Raheem
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thank you really helpful

Answered Sun 13th May, 2012 @ 16:58 by Pwincess Saliya -ساليا العزيز
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A market share is a proportion of sales in a total market which a business enjoys
Formulae: Business Sales
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Total sales in the market

Answered Tue 26th March, 2013 @ 03:13 by Haley Drew