Calculate the approximate relative market share of a company whose market share is 76%,while the market shares of its three largest competitors are 13%,22%,and 26%.
A)125
B)81
C)150
D)46
E)27

Question

Quizplus · Accepted Answer

The relative market share is calculated by dividing the company's market share by the sum of the market shares of its competitors. In this case, the relative market share is 76% / (13% + 22% + 26%) = 125%.

Calculate the Approximate Relative Market Share of a Company Whose