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Could anyone explain to me how to work out marget growth and average of annual growth? Looked at the answer but it did not make sense to me. I can do the market share but I am stuck with market growth. Many thanks
Sorry. I don’t have the BPP revision kit. IS there any indication given about whether or not it is from a past exam?
It’s from the June 2011 paper.
The model answer takes each year’s growth and then averages it.
I think this will take too much time in the exam, and you can see that there is a trend to the growth/decline, so you can take the average over the 4 years instead.
For example, for Restaurants:
(10968/10752)^1/3 = 1.0
Hope that helps.
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