Key formulas Flashcards
1
Q
Market size by value formula
A
Total volume of sales x average market price
2
Q
Market size by value percentage formula
A
(Business sales/%market share) x 100
3
Q
Market share formula
A
Value of firm A’s sales
‐———————————- x 100
Value of total market sales
4
Q
Market growth formula
A
Change in size of market by value
—————————————————– x 100
Original market size by value
