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In the book they provide a different formula so I’m not too certain on this formula. I double checked with my business teacher who told me that this video provides an incorrect formula. FORMULA : new market size - old market size ------------------- X 100 old market size
@@calm7932 Look it's the same thing because you can separate the formula faction into new/old - old/old x 100 And obviously old/old would be one and hence new/old - 1 x 100
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Brilliant, I love it when Jim has covered a topic that I am studying. Thanks for making this!
Have a look at our Student Workbooks for GCSE and A-Level Business www.tutor2u.net/business/store/selections/student-workbooks-for-gcse-and-alevel-business
Legend!!!!!
Sir,
Really awesome tutor its helping in my current job.
Super
Is this the same formula for the bcg matrix, market growth rate
Thank you
You're welcome
why do you takeaway 1 in the market growth formula?
In the book they provide a different formula so I’m not too certain on this formula. I double checked with my business teacher who told me that this video provides an incorrect formula.
FORMULA :
new market size - old market size
------------------- X 100
old market size
however, they both provide the same answer but the one in the video is more difficult to remember
but each to their own!
@@calm7932 Look it's the same thing because you can separate the formula faction into new/old - old/old x 100
And obviously old/old would be one and hence new/old - 1 x 100