1
Q
market share formula %
A
sales of x
————————————– x100
total sales in whole market
2
Q
price elasticity of demand
A
% change in price
3
Q
% change
A
new - original
——————– x100
original
4
Q
yed (income elasticity of demand)
A
% change in consumer income
5
Q
sales revenue
A
price x quantity sold
business y12
flashcards
Decks in class (32)
# Cards
-
calculations5
-
1.1.1 the market6
-
1.1.2 market research11
-
1.1.3 market positioning6
-
1.2.1 demand6
-
1.2.2 supply9
-
1.2.3 markets2
-
1.2.4 elasticities of demand12
-
1.3.1 product/service design9
-
1.2.5. income elasticity of demand (YED)22
-
1.3.2 branding & promotion15
-
1.3.3 pricing strategies15
-
1.3.4 distribution channels5
-
1.4.3 organisational design16
-
1.4.4 motivation in theory & practise23
-
1.4.5 leadership13
-
1.5.1 role of an entrepreneur14
-
1.5.6 moving from entrepreneur to leader4
-
1.5.4 forms of business19
-
1.5.3 business objectives9
-
1.5.5 business choices2
-
2.1.1 internal finance11
-
2.1.3 liability4
-
2.1.4 planning14
-
2.2.1 sales forecasting7
-
2.2.2 sales, revenue & costs11
-
2.2.4 budgets14
-
1.4.2 recruitment, selection & training13
-
2.4.1 production, productivity & efficiency9
-
2.3.1 profit14
-
2.3.2 liquidity7
-
2.4.2 capacity utilisation8
