An August 27, 1991, Wall Street Journal article reported that increasing numbers of small software firms are
Question:
An August 27, 1991, Wall Street Journal article reported that increasing numbers of small software firms are being absorbed by that industry’s biggest companies. According to WSJ, the result of this dominance by a few giants is that the industry has become much tougher for software entrepreneurs to break into. The newspaper printed the chart given in the accompanying figure to depict the breakdown of market share among software companies. Refer to this chart to answer the following questions:
(a) List the companies in descending order of market share.
(b) What is the combined market share for Lotus Development and Word Perfect?
(c) What is the combined market share for Micro soft, Lotus Development, and Novell?
From entrepreneurs to corporate giants: market share among the top 100 software companies, based on total 1990 revenue of $5.7 billion.
Step by Step Answer:
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee