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What is market saturation?
Market Saturation is the point at which there are few consumers that are still interested in buying a product because those who were ever likely to already have done so. Saturation can be said to exist for all similar products in a market.
This may call for different strategies which could keep a company going. One is that products can be made to wear out after a certain amount of time and need replacement. Another is that the business can shift its focus to subscription or service-based income.
Market penetration is a related topic, which is either the amount of consumers in the target market that have bought a product, or the proportional amount of products sold relative to the total of similar products sold. Products can also be modified or updated to appeal to more people or to resell to the same demographic that purchased the product the first time.
What is Whole Life Insurance?
Whole Life Insurance provides lifelong death benefit coverage as well as a tax-deferred savings account
When Should I Start Saving Money?
The answer is simple and needs only common sense to understand: you should begin saving as soon as you can!
How Do You Sell Bitcoin?
There are several (and a growing number) of ways to sell your bitcoin and/or convert it to cash
How Do You Set Up a Bitcoin Miner?
Setting up a bitcoin miner can be as simple as downloading a mining client program, or as complicated as building a custom rig
What is a Junior Security?
Junior Securities come last in the pecking order if a company gets liquidated; common stock is the most prevalent example
What is a Monopoly?
A monopoly is an unhealthy situation in the market in which a single company is the only option in a specific sector
What is Accrual Accounting?
In accrual accounting, the expenses and revenues are written at the current time, regardless of when payment will settle
What are foreign exchange reserves?
Central banks and sometimes other banks and large corporations, hold reserves in foreign currencies as a hedge
What is Common Stock?
A common stock is the one you’re most familiar with - having a share of ownership in a company
What is adaptive selling?
Adaptive selling is a marketing principal where the product or services offered are modified based on the demographics