English to English Dictionary

Market power

The ability of a firm to raise and maintain a price above the level that would prevail under perfect competition without losing all its customers.

Market price

The current economic price at which an asset, service, or commodity is traded in a competitive marketplace.

Market rate

The current price or cost of a commodity, service, or asset as determined by free competition in an open market.

Market town

A small town that traditionally serves as the commercial and trading hub for the surrounding rural or agricultural countryside.

Market-Dominance

The state of having significant control or influence over a particular market or industry.

Market-Penetration

The act of entering a new market with the intention of selling goods or services.

Market-Share

The portion of a market controlled by a particular company or product.

Market-day

A day of the week on which a public market is held in a town or community.

Market-driven

Controlled or determined by the forces of supply and demand in a free market rather than by external regulation or planning.

Market-entry

The strategy or process of entering a new market with a product or service.

Market-entry-plan

A strategic plan outlining the approach a business will take to enter a new market.

Market-exit

The act of withdrawing from a market or ceasing operations in a particular market.