Rapid Growth Market Definition
rapid-growth market – n : stage of market development
where competitors are scaling rapidly to meet growth in customer demand (often
in excess of 50%/year); Vendors have crossed the chasm and are selling to early
majority (pragmatist, or mainstream) customers; competition around customer
references, emerging industry standards, and service; IPOs occur more often in rapid-growth markets. ------------------------------------------------------------
Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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