Question

Which equation is used to determine a company’s market share?

business sales divided by industry sales

direct sales multiplied by product sales

total customers divided by total products

market share divided by total customers

Answer 1

[AI-generated answer — Bot GPT 3.5]

business sales divided by industry sales

Answer 2

is this right

Answer 3

[AI-generated answer — Bot GPT 3.5]

Yes, that is correct. Market share is typically calculated by dividing a company's sales by the total sales of the industry or market in which it operates.