sector-growth

Vocabulary Word

Definition

'Sector-growth' refers to the progress or increase in a particular area or division - could be in business or economy. It's like a specific department of a company having more sales, meaning, their sector is growing.

Examples in Different Contexts

Business strategists consider sector growth when planning long-term objectives. A business strategist might observe, 'We're targeting the renewable energy sector for our next investment, given its strong growth forecasts.'

Practice Scenarios

Tech

Scenario:

Our AI team has been working hard, and they have made significant strides in the past quarter. Do you think this could be a key growth area for us?

Response:

Absolutely. Investing in AI may fuel our sector growth and improve our market positioning.

Business

Scenario:

We've had decent success with our current retail operations, but we need to identify other potential industry sectors for investment to diversify our portfolio.

Response:

You're right. We should explore sectors with steady growth rates and potential profitability.