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

Tech

Scenario:

This new technology is revolutionizing the industry. We'll need to evaluate our offerings to maintain a competitive edge.

Response:

We should closely monitor market trends about this technology to tailor our offerings accordingly.

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.