Business theme 1 calculations

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9 Terms

1
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Sales revenue

number of units sold x Unit price

2
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Market size (value)

total number of units sold x Selling price per unit

3
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Market size (volume)

total number of units sold

4
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Market share

sales of one firm / total market sales x 100

5
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Market growth

change in size of market / original size x 100

6
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% change

original figure - new figure / original figure

7
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PED

% quantity demanded / % change in price

8
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YED

% quantity demanded / % change in income

9
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Cost plus

variable cost per unit + proportion of total cost + percentage mark-up