theme 1 formulas Flashcards
1
Q
market share
A
total sales of business \ total sales in the market X100
2
Q
PED
A
% change in QD / % change in price
3
Q
YED
A
% change in QD / % change in income
4
Q
unit cost
A
total cost / no of units
5
Q
added value
A
selling price - cost of materials
6
Q
mark up £
A
selling price - cost
7
Q
market growth
A
change in market size / original market size X100
8
Q
total added value
A
revenue - total cost of material
9
Q
mark up %
A
mark up £ / unit costs X100
