Theme 1 : Business A-Level Edexel equations

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all of the equations in theme 1

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6 Terms

1
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% change

difference/original X 100

2
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market share

sales/total industry sales X 100

3
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market growth

(New Market Size−Old Market Size)​

/old market size

×100

4
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price elasticity of demand

% change in quantity of demand / % change of price

5
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Income elasticity of demand

% change in quantity demanded / % change in income

6
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net cash flow

inflows-outflows