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Terms

This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.

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November 29, 2022 at 11:31 am #672848
James124
Participant
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Tutor can you tell difference between Market Share and Market Size. I think I have missed.
I know market share which means what share or percentage of market we are having. E.g. customer retention.
Market size variance is uncontrollable to organisation?
November 29, 2022 at 4:22 pm #672875
John Moffat
Keymaster
- Topics: 57
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Yes. Market share is what % of the total world sales are made by our company.
Market size is the total world sales, and is something that we cannot control.
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