market-variations

Vocabulary Word

Definition

Simply put, 'market variations' are changes that occur in the business world. They could involve changes in customer preference, technology, government policy, or any other aspect that could affect businesses and the economy.

Examples in Different Contexts

In economic analysis, 'market variations' refer to fluctuations in market prices and volumes over time, influenced by supply and demand, geopolitical events, and other factors. An economist might observe, 'Market variations in the oil sector have been particularly volatile this year, due to geopolitical tensions.'

Practice Scenarios

Marketing

Scenario:

Our social media engagement has been stagnant lately. It's important to reevaluate our content approach to enhance engagement.

Response:

Right, adopting a fresh approach in line with the market variations could breathe new life into our social media efforts.

Tech

Scenario:

Our new app isn't gaining the traction we expected. Maybe we need to revisit our user outreach strategy and make necessary revisions.

Response:

To match pace with market variations, we might have to rethink our development approach and focus more on user needs.