loculation. Definitions: 1. A loculate region in an organ or tissue, or a loculate structure formed between surfaces of organs, mucous or serous membranes, and so on. 2. The process that results in the formation of a loculus or loculi. The definition information for loculation is provided by Stedman's.
Competitive markets, sometimes referred to as perfectly competitive markets (or perfect competition), have three specific features. The first feature is that a competitive market consists of a large number of buyers and sellers that are small relative to the size of the overall market.
Available market-those in the potential market who have enough money to buy the product. Qualified available market-those in the available market who legally are permitted to buy the product. Target market-the segment of the qualified available market that the firm has decided to serve (the served market). Penetrated market-those in the target market who have purchased the product.