If a business produces 800,000 units and the market demand for the product is 4 million units,what is its percentage of market share?
A)8%
B)20%
C)16%
D)40%
E)80%

Question

Quizplus · Accepted Answer

The business's market share is calculated by dividing the number of units it produces by the total market demand and then multiplying by 100 to get a percentage. So, $ \frac{800,000}{4,000,000} \times 100 = 20\%$.

If a Business Produces 800,000 Units and the Market Demand