Which of the following is a measure of a product's strength in a particular market?
A)Wholesale index
B)Industry index
C)Market value
D)Relative market share
E)Market growth rate

Question

Quizplus · Accepted Answer

Relative market share is a measure of a product's strength in a particular market. It is calculated by dividing the company's sales of a specific product by the total sales of all products in that market. A high relative market share indicates that the product is a market leader, while a low relative market share indicates that the product is struggling to compete in the market.

Which of the Following Is a Measure of a Product's