Market
A market is the demand for a particular product or service, often measured by sales during a specified period.
Market challenger
A business in a market that is fighting hard to increase its market share
Market concentration
Market concentration is the proportion of market value that is owned by the leading brands or products/companies in the market. Where the market leaders own a large part of the overall market, the market is said to be highly concentrated. By contrast, where the market leader has a relatively small market share and there are many other competitors, a market is said to be “fragmented”
Market development
The process of growing sales by offering existing products (or new versions of them) to new customer groups (as opposed to simply attempting to increase the company’s share of current markets).
