Suppose Concrete Express, a cement manufacturing firm, finds that its sales have increased by 3 percent this year, while industry sales have increased by 5 percent. This implies that ________.
A) Concrete Express has acquired additional market share in relation to the cement industry
B) Concrete Express is losing its relative standing in the cement industry
C) other players in the industry are losing market share
D) the absolute market share of Concrete Express has declined
E) Concrete Express's position in relation to the industry has remain unchanged

Question

Quizplus · Accepted Answer

Concrete Express's sales have increased at a slower rate than the industry average, indicating that it is losing its relative standing in the cement industry.

Suppose Concrete Express, a Cement Manufacturing Firm, Finds That Its