The Existence of Many Competitors in Any One Market Segment

question 21

Multiple Choice

The existence of many competitors in any one market segment may indicate:

• A) an untapped market niche.
• B) the market is saturated.
• C) no one firm has differentiated itself within that market.
• D) a market that has already been tried without success.

---

Definitions:

Oasis Theory

A theory about the transition to agriculture, proposing that people started farming in areas where natural resources were abundant, like oases.

Agriculture

The science, art, and practice of cultivating plants and livestock, marking a key development in the rise of sedentary human civilization.

Food Production

The process of cultivating food crops and raising animals for consumption, an essential component of human civilization and survival.

Independent Invention

the process through which different societies or cultures independently create or discover similar technologies, practices, or ideas without direct influence from each other.