Theme 1- Formulas Flashcards
1
Q
Market size
A
No. Of units sold X price
2
Q
Market share
A
Sales 1 firm/ total mrkt sales X 100
3
Q
Market growth
A
Change in size of market / original size X100
4
Q
Price elasticities of demand
A
%change demand / %change price
5
Q
Cost plus pricing
A
VCPU + proportion total cost
+ % mark up
6
Q
Percentage change
A
N-O / O X100