What is turbulent market?

Question

Please tell me what is turbulent market? It is asked by my teacher and I am unable to find answer.

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Economics Query1729 8 months 1 Answer 191 views 0

Answer ( 1 )

  1. An unstable economic climate, ever changing customer needs, and up-and-coming technology continually stirs up market turbulence.
    The driving force in this new marketplace is the consumer. The driving factor is technology.
    Such a market will be called turbulent market.
    Market Turbulence is the rate of change in the composition of customers and their preferences.

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