Relative Market Share Is

question 37

Multiple Choice

Relative market share is:

• A) calculated by dividing a company's percentage share of total industry sales volume by the percentage share held by its largest rival.
• B) calculated by adjusting a company's revenue share up or down by a factor proportional to whether their quality/customer service factors are above/below industry averages.
• C) calculated by dividing a company's market share (based on dollar volume)by the industry-average market share.
• D) particularly useful in identifying cash cows and cash hogs.Cash cow businesses have big relative market shares (above 1.0),while cash hog businesses have low relative market shares (below 0.5).
• E) calculated by subtracting the industry-average market share (based on revenue)from the company's market share to highlight relative share above/below the industry average.This amount is a better indicator of a business's competitive strength than is just looking at the firm's market share percentage.

Comprehend the relationship between unemployment and the PPF.

Grasp the concept of the marginal rate of transformation and how it relates to the PPF slope.

Understand the various ways an agency relationship can be created and recognized under the law.

Identify the differences between an agent and an employee and the legal implications thereof.

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Definitions:

Opportunity Loss Strategy

An approach in decision making that focuses on minimizing the potential loss for not choosing the best alternative.

Scoring Model

A statistical tool or algorithm that assesses and assigns scores to individuals or entities based on various attributes or behavior patterns to predict future outcomes.

Attributes

Characteristics or qualities that define or differentiate objects, individuals, or data points.

Discount Rate

The interest rate used to discount future cash flows to their present value, often used as a tool in investment and financial analysis.