Quiz: Market Size vs Market Share
Edexcel Level 3 Advanced GCE in Business (9BS0)
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Building on what you've learned about mass and niche markets, let's test your knowledge of market size and market share!
What does market size refer to?
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Which of the following factors could affect market size? (Select all that apply)
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Market share represents the {{blank0}} of total sales a business has in a market.
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Match the items on the left with their correct pairs on the right
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A market generates £500,000 in total sales. If a company has £125,000 of sales, what is its market share?
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If a business doubles its sales but the market size remains the same, what happens to its market share?
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Match the items on the left with their correct pairs on the right
Which factors could help a business increase its market share? (Select all that apply)
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What does a growing market size mean for businesses?
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A market grows from £1,000,000 to £1,500,000. What is the growth rate?
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