Step-by-step explanation:
Market share means the percentage of the particular industry or the total sales that the firm has done during the given period. The market share of the company can be found by dividing the total sales of the company by total sales of the industry.
It is easy for the investors to check the market share of the company and then make investment decisions. When the market share of the company increases then the company is growing in the industry. All the companies try to increase their market share to increase their revenue.