market-trends

Vocabulary Word

Definition

'Market trends' are patterns or changes we notice about a market or industry over time. They show us which products, services, or business ideas are getting popular.

Examples in Different Contexts

In marketing planning, 'market trends' help companies decide on marketing strategies and product development. A marketing manager might note, 'Aligning our product launches with current market trends has significantly increased our market penetration.'

Practice Scenarios

Marketing

Scenario:

We need to create a compelling narrative for our upcoming campaign. Let's think about what will resonate with our audience.

Response:

I propose leveraging recent market trends in digital content creation to craft our campaign narrative.

Business

Scenario:

Our competitors are gaining market share with their new line of products. We need to respond appropriately.

Response:

Let's conduct a detailed market trends analysis to better understand our competitor's new product line.