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VARIANCE

Former userFormer user4y ago

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John MoffatJohn MoffatTutor4y ago#1
Given that the entire market has fallen by 25%, then if our market share was to remain the same we would expect our sales to drop by 25% also. Our sales in fact have dropped by 25% (300 this year as against 400 last year).
John MoffatJohn MoffatTutor4y ago#2
We are not considering the budget this year. To decide whether we are doing well or badly we are comparing the actual this year with the actual last year.
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