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Market share represents the proportion of an industry, or a market's total sales, that is earned by means of a precise company over a specified time period.
Market share is calculated via taking the company's income over the period and dividing it by way of the total income of the enterprise over the equal period.
What is an instance of market share?
If a business promoting $20 million's worth of a product in one year, and the whole market is well worth $40 million, the brand's market share would be 50%.
How do you determine market share?
A company's market share is its income measured as a percentage of an industry's complete revenues. You can decide a company's market share through dividing its total income or revenues by way of the industry's total sales over a fiscal period. Use this measure to get a widespread idea of the dimension of a agency relative to the industry.
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