which scenario is an example of market saturation? the single coffee shop in town usually has a long line of…

which scenario is an example of market saturation? the single coffee shop in town usually has a long line of customers and tends to stay busy during business hours. there are three shoe stores on one block in town, and they have trouble finding customers and making a profit. a second health club will open because the only health club in town is too crowded to accept new customers. it can be difficult to get reservations at the only upscale ethiopian restaurant in town, and it is best to call in advance.

which scenario is an example of market saturation? the single coffee shop in town usually has a long line of customers and tends to stay busy during business hours. there are three shoe stores on one block in town, and they have trouble finding customers and making a profit. a second health club will open because the only health club in town is too crowded to accept new customers. it can be difficult to get reservations at the only upscale ethiopian restaurant in town, and it is best to call in advance.

Answer

Brief Explanations:

Market saturation occurs when the volume of a product or service in a market has reached its maximum, and there is little to no room for growth. In the case of the three shoe - stores on one block having trouble finding customers and making a profit, it indicates that the market for shoes in that area is saturated. There are too many suppliers relative to the demand. The other scenarios show high demand and room for growth or expansion.

Answer:

There are three shoe stores on one block in town, and they have trouble finding customers and making a profit.