Business Glossary
Business Definition for: market
- public place where products or services are bought and sold, directly or through intermediaries. Also called marketplace.
- aggregate of people with the present or potential ability and desire to purchase a product or service; equivalent to demand.
- securities markets in the aggregate, or the New York Stock Exchange in particular.
- short for market value, the value of an asset based on the price it would command on the open market, usually as determined by the market price at which similar assets have recently been bought and sold.
- as a verb, to sell. See also marketing .
- aggregate of supply and demand that brings together informed buyers and sellers, and sets the public price for products or services. For example, the credit market, the foreign exchange market, the money market , the mortgage market, and the secondary market .
- public place, such as a stock exchange, or futures exchange, where trading takes place. It implies the presence of market makers who are willing to buy or sell for their own account, or for customers, at quoted prices. Futures exchanges are open outcry markets, where prices are set by direct interaction (hand signals) by traders on the trading floor. Securities exchanges, where listed securities are sold, involve trading by brokers or dealers acting on behalf of buyers or sellers, who maintain contact with the trading floor by telephone.
- to sell anything of value to a willing buyer at a mutually agreeable price.
- economic system bringing together the forces of supply and demand for a particular good or service. A market consists of customers, suppliers, and channel of distribution , and mechanisms for establishing prices and effecting transactions. For example, the softdrink market comprises the manufacturers, bottlers, distributors, retailers, restaurants, and consumers.See also marketing .
- sell some good or service.
- public place where products or services are bought and sold, directly or through intermediaries; also called marketplace.
- aggregate of people with the present or potential ability and desire to purchase a product or service; equivalent to demand .
- securities markets in the aggregate; the New York Stock Exchange in particular.
- to sell. See also marketing .
place where buyers and sellers congregate; process by which things of value are exchanged for money.
Example: The housing market in Minneapolis is principally composed of buyers, sellers, brokers, and all properties being considered for purchase or sale, including those under construction.conditions under which a commodity or product is sold.
Example: The market for mortgage loans in Minneapolis is affected by national interest rates and local supply and demand for funds.publicize and promote the sale of a product or service.
Example: The builders plan to market the subdivision over the next year.
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright c 2000, 1994, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
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