Theme 1: formulas Flashcards
1
Q
Market Share
A
Sales Of A Business / Total Sales In The Market x 100
2
Q
PED
A
% Change In Quantity Demanded / % Change In Price
3
Q
YED
A
% Change In Quantity Demanded / % Change In Income
4
Q
Market Size
A
Units Sold x Number Of Consumers
5
Q
Market Growth
A
Current Market Size - Original Market Size / Original Market Size x 100
6
Q
Added Value
A
Selling Price - Cost Of Production
