Question

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which of the following describes a saturated market?
a. the prices of competitors are very high.
b. many people want this product and havent purchased it yet.
c. most potential buyers have not heard of the product and dont know it exists.
d. most potential buyers already have a product that satisfies this need or want.
please select the best answer from the choices provided
a
b
c
d
mark this and return save and exit next

Explanation:

To determine the correct answer, we analyze each option based on the definition of a saturated market. A saturated market is one where most potential buyers already have a product that meets their need or want, leaving little room for new sales.

• Option A: High competitor prices don't define a saturated market.
• Option B: Many people wanting and not having purchased the product indicates an unsaturated (growing or untapped) market.
• Option C: Buyers not knowing about the product is about market awareness, not saturation.
• Option D: Matches the definition of a saturated market as most potential buyers already have a satisfying product.

Answer:

D. Most potential buyers already have a product that satisfies this need or want.