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Business Maths > Theme 1 > Flashcards

Theme 1 Flashcards

1
Q

Market Growth

A

Increase in sales/original sales x 100

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2
Q

Market share

A

sales of a product or business/total market share x 100

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3
Q

price elasticity of demand

A

% change in quantity demanded/ % change in price

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4
Q

income elasticity of demand

A

% change in quantity demanded/ % change in income

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5
Q

Profit

A

(price x sales) - (FC+(VC x number of units)

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Business Maths (3 decks)

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