LOGISTIC GROWTH

Definition: A type of growth that is characterized by an initial period of slow growth, followed by a period of rapid expansion, and finally, a stabilization or slowing down of growth to reach a steady state. This pattern is often observed in biological populations or other systems where resources are limited.

Synonyms: Exponential Growth, Population Growth, Growth Curve, Growth Rate, Exponential Increase

Usage Examples in Sentences

Resource

Logistic growth occurs when resources gradually become limited in an ecosystem.

A: Good morning, Sarah. I wanted to discuss our sales projections for the upcoming quarter.B: Good morning, Mark. Sure, let's dive into it. I've noticed that our sales have been following a logistic growth pattern over the past few quarters.A: Interesting. Could you elaborate on that?B: Of course. Logistic growth is characterized by an initial slow growth phase, followed by rapid expansion, and eventually stabilizing at a steady state. In our case, we've seen gradual growth initially, then a sudden surge in demand for our product, and now it seems to be leveling off.A: I see. So, what implications does this pattern have for our sales strategy?B: Well, understanding this pattern helps us anticipate future growth rates more accurately. We can adjust our production and marketing efforts accordingly to maintain a sustainable growth trajectory without overextending resources.A: That makes sense. Let's analyze the data further and come up with a strategy to capitalize on this logistic growth while ensuring stability. Thanks for explaining, Sarah.B: You're welcome, Mark. I'll prepare a detailed report for our meeting later this week.

LOGISTIC GROWTH

Usage Examples in Sentences

Usage Example in Conversation