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21 May, 18:40

Acme corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). emca corporation currently has a 17% market share in that same industry. what is the sales revenue for acme? (round your answer to 2 decimal places) $ 3.00 billion what is the sales revenue for emca? (round your answer to 2 decimal places) $ 2.55 billion calculate the difference (as a percentage) in market share for these two firms.

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  1. 21 May, 18:46
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    Industry sales = $15 billions

    Acme market share = 20%

    Emca market share = 17%

    Acme market share in form of sales:

    Acme marker share = 20% of $20 billion = (20/100) * 20 = $3.00 billions

    Emca market share in form of sales:

    Emca market share = 17% of $20 billions = (17/100) * 20 = $2.55 billions

    Difference between the market shares for two companies as a percentage:

    Difference = |20%-17%| = 3% of $20 billion
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