Question

Total market sales for a product have been 1 million units per year for the last two
years. One firm’s sales have changed from 300 000 units to 350 000 units over these
two years. Which of the following statements about the firm’s market share is true?
1) The firm’s market share has not changed
2) The firm’s market share has risen by 5%
3) The firm’s market share was 30% in the first year and 50% in the second year
4) The firm’s market share has risen by 35%

Answer 1

Answer:

correct answer is option 4