Do you really believe in market saturation?

[Stardom22]

I have seen so many businesses closing down. However majority of them claim to have failed due to the market saturation in field. What do you think about that?

 

[Suba]

That's right, market saturation can occur when a product is widely available on the market, causing demand to decline. Business growth becomes very difficult because almost all consumers already own the product. Therefore, businesses must expand and innovate their products.

 

[Springtime]

Market saturation occurs when there is over supply of the product. To overcome this, businesses need to continue coming up with more innovative products or improve the existing version.

 

[Augusta]

Saturated market is not good for either consumers or businesses. Consumers may see prices increase and product offerings decrease, while businesses may find it difficult to maintain profitability

 

[Stardom22]

Business station depends on the type of the business being dealt with. The most hot selling business like the grocery shop located in very populous areas, are likely to do so wel