Asked by Deshan Brown on Sep 28, 2024
What information would be provided by the following formula? actual market
Market potential
A) market growth
B) customer demand
C) market saturation
D) total sales volume
Market Potential
An estimate of the maximum total sales of a product or service that could be achieved within a specific market segment over a certain time period.
Market Saturation
A situation in which a product or service has become so widespread that the market is considered fully served, limiting further growth.
Actual Market
The existing market where a company's products or services are currently being sold, as opposed to potential new markets.
- Comprehend the methodology for assessing market potential and saturation.
Learning Objectives
- Comprehend the methodology for assessing market potential and saturation.
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