a market for a product or service

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a market for a product or service

Description:

A market for a product or service refers to the specific group of consumers or customers who have an interest or demand for the particular product or service being offered. It represents the target audience or potential buyers for a business or organization.

Senses:

1. A specific group of consumers or customers interested in a particular product or service.
2. The demand or potential buyers for a business or organization.

Examples:

Sense: A specific group of consumers or customers interested in a particular product or service.

There is a growing market for organic food products among health-conscious individuals.
The smartphone industry has a highly competitive market for new and innovative devices.
The fashion market for luxury clothing brands is predominantly targeted at high-income consumers.

Sense: The demand or potential buyers for a business or organization.

The emerging market in Asia presents significant growth opportunities for international companies.
A comprehensive market analysis helps businesses understand their target market and consumer behavior.
In order to expand their market share, the company decided to launch a new advertising campaign.