Question

The percentage of a market which actually buys a specific product from a specific company is referred to as that product's a. market share b. market position c. target market d. market cut e. strategic segment

Answer 1

Answer:

The correct answer is letter "A": market share.

Explanation:

Market share is calculated by taking a company's sales over a period and dividing it by the total sales of the industry over the same period. This measure is used to give the business and its rivals a general idea of the size of the company regarding its overall sector.