Unit 2 Flash cards

Unit 2 Flash cards

Assessment

Flashcard

Business

9th - 11th Grade

Hard

Created by

Bhargavi Besthamalli

FREE Resource

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18 questions

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1.

FLASHCARD QUESTION

Front

What is the formula for calculating market share percentage?

Back

Market share % = Company sales / Total market sales × 100.

2.

FLASHCARD QUESTION

Front

What is the definition of market share?

Back

Market share is the portion of a market controlled by a particular company or product.

3.

FLASHCARD QUESTION

Front

How can a company increase its market share?

Back

A company can increase its market share by improving product quality, reducing prices, or enhancing marketing efforts.

4.

FLASHCARD QUESTION

Front

What is the significance of market share in business?

Back

Market share is significant as it indicates a company's competitiveness and market position, influencing investment and strategic decisions.

5.

FLASHCARD QUESTION

Front

Social enterprises

Back

social objectives as well as an aim to make a profit to reinvest back into the business.

SOCIAL ECONOMIC AND ENVIRONMENTAL

6.

FLASHCARD QUESTION

Front

Motivation

Back

employees want to work hard and work effectively for the business.

7.

FLASHCARD QUESTION

Front

Two benefits of well-motivated workforce

Back

high output per worker – which helps to keep costs low and increase profits

willingness to accept change

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