Theme 1 Flashcards
(4 cards)
1
Q
Market share
A
(Sales of a product or business/total market sales)X100
2
Q
Price elasticity of demand
A
%change in quantity demanded/%change in price
3
Q
Income elasticity of demand
A
%change in quantity demanded/%change in income
4
Q
Cost plus pricing
A
Total cost X Mark up %
