Equations Flashcards
1
Q
Market growth
A
Change/ size of the original market x 100
2
Q
Sales growth
A
Change/sales of the product x 100
3
Q
Market share
A
Sales of one product/total sales in the market x 100
4
Q
Price elasticity of demand
A
Percentage change in quantity demanded/ total sales x 100
5
Q
Labour productivity
A
Output time per period/ number of employees
6
Q
Gross profit
A
Sales revenue - costs of sales
7
Q
Gross profit margin
A
Gross profit/ sales revenue x 100
8
Q
Labour turnover
A
Number of staff leaving/ number of staff employees x 100
