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A variety of considerations for reaching saturation and ultimately determining sample size have been outlined by Janice Morse. Identify and describe three factors that should be considered.
Demand Segmentation
The process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors.
Bubbles
Economic cycles characterized by rapid expansion followed by a contraction, often driven by speculative or unsustainable growth.
Maximize Profits
The process of determining the best price and output level that leads to the highest possible profit for a business.
Senior Citizens
Individuals who have reached a certain age, often associated with retirement and receiving certain benefits due to their age.
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