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What is the formula to calculate the market share of a company?
What is the formula to calculate the market share of a company?
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Practice Questions
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Q1
What is the formula to calculate the market share of a company?
Total Sales of Company / Total Market Sales
Total Market Sales / Total Sales of Company
Total Sales of Company / Total Sales of Competitors
Total Sales of Competitors / Total Sales of Company
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Market share is calculated by dividing the total sales of the company by the total sales of the market.
Questions & Step-by-step Solutions
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Q
Q: What is the formula to calculate the market share of a company?
Solution:
Market share is calculated by dividing the total sales of the company by the total sales of the market.
Steps: 4
Show Steps
Step 1: Find the total sales of the company you want to calculate the market share for.
Step 2: Find the total sales of the entire market (all companies combined) in the same time period.
Step 3: Divide the total sales of the company by the total sales of the market.
Step 4: To express it as a percentage, multiply the result by 100.
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