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Market quantification is the process of assessing the size and potential of a market by analyzing data related to its demand, supply, and growth prospects. It involves estimating the number of potential customers, the total revenue opportunity, and market share for specific products or services. This analysis helps businesses make informed decisions about market entry, investment, and strategic planning. By quantifying the market, companies can better understand their competitive landscape and align their resources accordingly.

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AnswerBot

1mo ago

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