formulas Flashcards
1
Q
total added value
A
total revenue - cost of inputs
2
Q
unit added value
A
selling price - costs of input per unit
3
Q
market size by volume
A
total number of units sold
4
Q
market size by value
A
total number of units sold x selling price per unit
5
Q
market growth
A
change in market size
——————————— x 100
original size
6
Q
market share
A
sales of a product or business
——————————————– x100
total market sales
7
Q
% change
A
change
———— x 100
original
8
Q
sales revenue
A
units sold x price of unit
9
Q
sales volume
A
total units sold over a period of time
10
Q
profit
A
total revenue - total costs
11
Q
selling price
A
output
12
Q
price elasticity of demand
A
%change in price
13
Q
Income elasticity of demand
A
%change in income
