Technology market is not a seller market. comment
Answers
NO it is not true that technology is not a seller market, indeed technology plays a very key role inn displaying and marketing of products to its potential consumers.
Technology provides a platform of putting the buyer and the seller together, this must first happen for any transaction to take place, i propose that technology is a seller market to any developing economy
The aforementioned statement is true.
A seller’s market stand for the circumstance where the seller calls the shots as the demand is moderately high in comparison to supply.
In buyers’ market prices are week and supply surpasses demand. In seller market goods sells more rapidly, prices increases, sellers have an upper hand and buyers are not happy.
The seller's market is a term commonly applied to the property market.
Here low supply meets high demand.
But n technology market a technology does not immediately sell and with advent of new technology the price of the old technology price decline. Here sellers are unhappy.
Following are the tips to know whether a market is buyer market or seller market:
• By working out on the absorption rate one can determine whether a market is a buyer market or a seller market. The is in fact a best way to know in this regard.
• On basis of the sailing rate of product the absorption rate is calculated in seller market.
• The developers constantly monitor the absorption rate in the seller market. Because it helps them decide when to start new items.