increase market share Flashcards
1
Q
what does it mean by market share
A
proportion of sales made by a business in relation to the whole market
2
Q
how is market share calculated
A
number of customers a business has and is usually given as a percentage
3
Q
why is Tesco the market leader
A
has the largest share of the market
4
Q
explain more about market leaders
A
usually more profitable and in a stronger position in the long term
5
Q
is being a market leader beneficial
A
yes, when negotiating with other businesses and improves its status and reputation
6
Q
how is market share presented
A
presented graphically in a pie chart
