majority fallacy
Definition
Strategy error which leads to the mistaken belief that the largest segment of a market is the most lucrative. In reality, however, it may be the least profitable one due to the intense rivalry among a large number of competitors.
majority fallacy is in the Decision Making, Problem Solving, & Strategy subject.
This content can be found on the following page:
http://www.businessdictionary.com/definition/majority-fallacy.html
email to a friend print this definition cite this definition