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 statements about market share are true? (Select all that apply)
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Market {{blank0}} is the total sales in a market, while market {{blank1}} refers to the percentage controlled by a business.
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Match the items on the left with their correct pairs on the right
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A company has £120,000 in sales, and the total market size is £600,000. What is the company's market share?
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Which factor could increase a business's market share?
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Which of the following could cause market size to grow? (Select all that apply)
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Match the items on the left with their correct pairs on the right
If the market size for smartphones is £1 billion and a company has £300 million in sales, what is the market share of this company?
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Market share is expressed as a {{blank0}} of the market size and shows how {{blank1}} a business is.
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