Question

Which is a crucial question about markets in a macro sense? Select one: a. Is the market large enough today to support a variety of competitors? b. What is the predicted short- and long-term growth rate? c. How many customers are in my specific niche or segment? d. Both A and B

Answer 1

b. What is the predicted short- and long-term growth rate?

Step-by-step explanation:

Market is a place where sellers interact with buyers to sell goods and services.

In the micro sense, markete exist to maximise profit by considering dynamics of price which is determined by demand and supply.

But in the long run the rate of short term and long term growth is the primary concern. This will help sellers plan for long term production volumes of goods based on projections. And will reduce waste that will occur in a slow growth market.