Questions: Market share is the portion of total sales in a product category accounted for by a particular brand.
Transcript text: Multiple Choice Question
Market $\qquad$ is the portion of total sales in a product category accounted for by a particular brand.
rival
share
advantage
mix
Solution
The answer is: share.
Explanation for each option:
Rival: This term refers to a competitor in the same market or industry. It does not describe the portion of total sales accounted for by a particular brand.
Share: This is the correct term. Market share specifically refers to the portion of total sales in a product category that is accounted for by a particular brand. It is a common metric used to gauge the competitiveness and success of a brand within its market.
Advantage: This term generally refers to a condition or circumstance that puts a company in a favorable or superior position. While having a large market share can be an advantage, the term "advantage" itself does not describe the portion of total sales.
Mix: This term often refers to the variety of products or services that a company offers. It does not describe the portion of total sales in a product category accounted for by a particular brand.