If a Business Produces 400,000 Units and the Market Demand

question 26

Multiple Choice

If a business produces 400,000 units and the market demand for the product is 2 million units,what is its percentage of market share?

• A)8%
• B)20%
• C)16%
• D)40%
• E)80%

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Definitions:

Market

An economic system or environment where buyers and sellers interact to exchange goods and services for money or barter.

Merit Raise

A salary increase awarded to employees based on their job performance.

High Performers

Refers to individuals or groups who consistently achieve outstanding results and surpass standard expectations in their work or responsibilities.

Creativity

The ability to generate new and original ideas, solutions, or products, often seen as essential for innovation and problem-solving.