A firm’s _____ is the percent of the total market for a product that is controlled by that company.

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15-04-2016
Business

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A firm’s _____ is the percent of the total market for a product that is controlled by that company.

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andriansp andriansp · Answer 1 · 2016-04-20T08:14:46+02:00

The answer is Market share

For example is the search engine product in US' Market.

In US , 60 % of internet users use google , 30 % of internet users use bing ( after it combined with yahoo), and the other 10 % use other search engine( such as Baidu,Naver, Geocities, etc).

From data above, we could conclude that Google has 60 % of market share in search engine product, Bing has 30 % marketshare, etc