Market Size: Definition & Explanation


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question 1 of 3

What is the definition of market size?

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1. Market share is defined as:

2. When do companies typically review market size and market share?

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About This Quiz & Worksheet

The quiz and worksheet will ask you to select the correct definition of the provided term. Some other questions will ask you about the typical actions companies take with regard to market size and share.

Quiz & Worksheet Goals

This quiz/worksheet combo will test you on the following topics:

  • Definitions of market size and market share
  • Time when companies review market size and market share
  • Step involved in estimating market size

Skills Practiced

These assessments will help you practice these skills:

  • Reading comprehension - ensure that you draw the most important information from the related market size lesson
  • Interpreting information - verify that you can read information regarding market share and interpret it correctly
  • Information recall - access the knowledge you've gained regarding context clues regarding market size and market share

Additional Learning

We have designed a lesson called Market Size: Definition & Explanation that will complement our fun quiz. The lesson will help you further understand the intricacies of market share. It will help you master:

  • Defining market size
  • Understanding market share
  • Explaining how to review market size and market share in regards to context clues