unit 1 formulas Flashcards
(9 cards)
1
Q
market share
A
(sales of business/total market sales) x100
2
Q
sales growth
A
(change in sales/sales in previous years) x100
3
Q
Market growth
A
(change in market size/market size in the previous year) x100
4
Q
PED
A
% change in quantity demanded/ % change in price
5
Q
YED
A
% change in quantity demanded/% change in income
6
Q
Labour productivity
A
output per period/ number of employees
7
Q
Employee retention rate
A
(number of employees remaining/ number of employees at the start) x100
8
Q
employee turnover rate
A
(number of employees leaving/ total amount of employees) x100
9
Q
total amount of redundancy payments
A
Total payment per employee x
number of employees
