formulas Flashcards

1
Q

total added value

A

total revenue - cost of inputs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

unit added value

A

selling price - costs of input per unit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

market size by volume

A

total number of units sold

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

market size by value

A

total number of units sold x selling price per unit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

market growth

A

change in market size
——————————— x 100
original size

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

market share

A

sales of a product or business
——————————————– x100
total market sales

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

% change

A

change
———— x 100
original

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

sales revenue

A

units sold x price of unit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

sales volume

A

total units sold over a period of time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

profit

A

total revenue - total costs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

selling price

A

output

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

price elasticity of demand

A

%change in price

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Income elasticity of demand

A

%change in income

How well did you know this?
1
Not at all
2
3
4
5
Perfectly