okay so this may sound stupid but i don't understand the difference between market share and market growth? also why is having a low market growth better?
Market share is how much of the market does one business own. It doesn't get any simpler.
Lets look at the supermarket industry for example Tesco might own 23% of the market, Asda 30%, Waitrose 15% and so on. The higher the market share the more customers you have hence your are more successful.
Market growth on the other hand means an increase of demand for a particular product over a period of time. A low market growth is not always bad.
Thanks for posting! You just need to create an account in order to submit the post
Already a member?
Oops, something wasn't right
please check the following:
Not got an account?
Sign up now
© Copyright The Student Room 2016 all rights reserved
The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.
Register Number: 04666380 (England and Wales), VAT No. 806 8067 22
Registered Office: International House, Queens Road, Brighton, BN1 3XE