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ACME CORPORATION AND YOUR GOALSThe company you will be working for is the Acme Corporation. Acme is a globalcompany that is involved in every aspect of the oil industry, from exploration andproduction to transportation and retail marketing. With annual sales of more than $18billion, Acme conducts its operations through 15 global businesses that employ 39,000people. The company has 123 manufacturing sites in 32 countries and supplies morethan 3,500 products. Acme people around the world develop solutions for society basedon their inherent strength in science and technology, which we refer to as "goodthinking." Good thinking helps customers succeed, stockholders prosper, employeesachieve, and communities thrive. The following is Acme’s Approximate Pay Scale and itsinformal employee success path projections.From this explanation of Acme, please answer the following:1.What is your salary goal at 28?$38500
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Corporation, English language films, Following, vice president, ACME corporation
(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 decial places) $__Billion
what is the sales revenue for EMCA (round your answer to 2 decial places) $__Billion
Calculate the difference (as a percentage) in market share for these two firms %
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Question:
ACME corporation currently has 20% market share in a $15 billion industry (measured by sales revenue). EMCA Corporation currently has a 17% market share in the same industry. What is the sales revenue for ACME? (round your answer to 2 decial places) What is the sales revenue for EMCA (round your answer to 2 decial places)? Calculate the difference (as a percentage) in market share for these two firms.
The term market share is used when describing the size of a market that a company represents. A firm's market share is the percent of its total revenue out of the total revenue of the market.
Answer and Explanation: 1
Part 1: $3 billion
ACME's revenue is the size of the market, $15 billion, multiplied by the percent in market share it holds, 20%, which gives us 0.2 * 15 = $3 billion.
Part 2: $2.55 billion
In the same way as above, EMCA has a market share of 17%. So, its revenue is 0.17 * 15 = $2.55 billion.
Part 3: 3%
The difference in market shares is 20% - 17% = 3%.
Learn more about this topic:
How to Calculate Hotel Market Share
from
Chapter 6 / Lesson 5
Hotel market share refers to the percentage that measures the hotel's performance in terms of revenue as compared to the competition. Learn what hotel market share is and how to calculate it, and understand the importance of market share.