Market demand shares refer to the proportionate distribution of total demand among different sellers in a particular market.
Imagine you're at a pizza party with your friends. Each friend gets their own slice based on how much they want and how hungry they are. The size of each person's slice represents their market demand share.
Market Share: This term refers to the proportion of total sales or revenue that a company holds in a specific market.
Concentration Ratio: This term measures the extent to which a few large firms dominate an industry by calculating the percentage of market share held by the largest firms.
Competitive Advantage: This term describes the unique strengths or qualities that allow a firm to outperform its competitors and gain a larger market share.
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