Random Flashcards
1
Q
Budget variance
A
Actual - budget
2
Q
Market Share
A
Sales of a business ÷ Total sales in the market x 100
3
Q
% Change
A
(new value – original value) / original value x 100
4
Q
Price Elasticity of Demand
A
% change in quantity demanded ÷ % change in price
5
Q
Income Elasticity of Demand
A
% change in quantity demanded ÷ % change in income
