Vocabulary
Study the following vocabulary.
Markets
competition – the situation that exists in a free market economy, where different companies all attempt to succeed against each other, also, "the competition", used to indicate specifically or generally the products or business competing in a particular place, market, etc.
rival – company or product competing directly against another words with market...
to penetrate a market – to enter a market and to begin selling products there for the first time
to abandon – to leave a market, to stop selling there
to corner – to take total control of a market
a monopoly – having exclusive control or ownership of a market or service
market leader – the main (most successful) product or firm in a marketmarket share – the percentage of overall sales within a market that one firm or product commands
market segment – a particular part of a given market, for example "Women under 30", or "teenagers"
to drive out the competition – to force other products or companies out of a market