Business Dictionary
Market
A-B C-D E-G H-K L-N O-P R-S T-W
Market is the area where the sellers and buyers meet in order to exchange particular product or service. Market can be local, regional, national or global. The market is function under the rule of market demand and supply. If they are balanced, than the market is in equilibrium. Consequently, the prices are more or less fixed. If the demand and supply are not supplied than the market is in disequilibrium and prices shifts are possible.
Related Reading:
Market Share
Market Power
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| SUPPLY CHAIN MANAGEMENT |
DIRECT MARKETING |
BUSINESS INTELLIGENCE |
PROJECT MANAGEMENT | |
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| CHANGE MANAGEMENT |
VIRAL MARKETING |
PERFORMANCE MANAGEMENT |
OUTSOURCING SERVICES |
PRICE ELASTICITY |