Business theme 1 calculations
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Last updated 2:02 PM on 2/11/25
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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
Note 
Flashcards (44)