Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 Case Study: Starting a Business — Unit testQuestion 11

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Case Study: Starting a Business — Unit test

Question 11 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Which scenario is an example of market saturation?

Answer

A

The single coffee shop in town usually has a long line of customers and tends to stay busy during business hours.

B

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

C

A second health club will open because the only health club in town is too crowded to accept new customers.

D

It can be difficult to get reservations at the only upscale Ethiopian restaurant in town, and it is best to call in advance.

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