Business Studies – 3.1.2 Understanding market changes | e-Consult
3.1.2 Understanding market changes (1 questions)
Login to see all questions.
Click on a question to view the answer
Market Share = (Company Revenue / Total Market Revenue) x 100
Here:
- Company Revenue = £750,000
- Total Market Revenue = £5,000,000
Market Share = (£750,000 / £5,000,000) x 100 = 0.15 x 100 = 15%
Answer: FashionForward's market share in terms of revenue is 15.00%.