local-market

Vocabulary Word

Definition

'Local-market' refers to the commerce happening in a relatively close or specific geographical area. It's the businesses and customers within your city or town.

Examples in Different Contexts

In real estate, understanding the 'local-market' is key for pricing homes accurately. A real estate agent might note, 'Based on the local-market trends, now is a good time to sell your home for a premium.'

Practice Scenarios

Creative

Scenario:

Many customers love the authenticity of our handmade jewelry. Our designs should reflect and respect the artistic traditions of our region.

Response:

Perhaps we can organize a local market fair to showcase the arts and cultural traditions of our region.

Marketing

Scenario:

Our latest marketing campaign needs to strike a chord with our neighborhood. The messaging must align with local culture and keep our customers' preferences in sight.

Response:

Should we conduct focus group discussions with our local market to understand their culture and preferences better?