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%

Question

Quizplus · Accepted Answer

The market share is calculated by dividing the company's total sales or production by the total market demand and then multiplying by 100 to get a percentage. In this case, it's (400,000 / 2,000,000) * 100 = 20%.

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