Concept information
Preferred term
market share
Definition
- Market share of a firm's product can be defined as the amount of product that the firm sells into a market expressed as a proportion of the total amount sold in that particular market. It is, as its name suggests, a measure of how much of the market a firm accounts for, given that it shares the market with its competitors. [Source: Encyclopedia of Business in Today's World; Market Share]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/market_share
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