A business has total annual sales revenue of $500 000 in a market where total market sales are $2 000 000. What is the business's market share?

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Question

A business has total annual sales revenue of $500 000 in a market where total market sales are $2 000 000. What is the business's market share?

Accepted Answer

25% — Market share (%) = (business sales ÷ total market sales) × 100 = ($500 000 ÷ $2 000 000) × 100 = 25%. Option A results from incorrectly dividing total market by business sales. Option B is a calculation error. Option D confuses the figures used in the formula.

Answer

40%

Answer

20%

Answer

4%

Answer

25%

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