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market share refers to ______.

(A) the ratio of the profits of all firms in an industry to the profits of the firm.
(B) the ratio of sales revenue of the firm to the total sales revenue of all firms in the industry, including the firm itself.
(C) the ratio of the profit of the firm to the total profits of all firms in the industry, excluding the firm itself.
(D) the ratio of the profit of the firm to the total profits of all firms in the industry, including the firm itself.

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Answer:

(B) the ratio of sales revenue of the firm to the total sales revenue of all firms in the industry, including the firm itself.

Explanation:

market share refers to :

(B) the ratio of sales revenue of the firm to the total sales revenue of all firms in the industry, including the firm itself.

Answer:

The correct answer is letter "B": the ratio of sales revenue of the firm to the total sales revenue of all firms in the industry, including the firm itself.

Explanation:

Market Share is calculated by taking sales of a company over a period and dividing it over the same period industry's total sales, including the company. This calculation serves to give a general idea of the size of the organization or segment relative to the consumers and the company's competitors.

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