Definition of Product market:
The marketplace in which a final good or service is bought and sold. A product market does not include trading in raw or other intermediate materials, and instead focuses on finished goods purchased by consumers, businesses, the public sector and foreign buyers.
How to use Product market in a sentence?
- Although they wanted to come out of left field and really parlay this new concept into existence, there were many different takes on what the target of their product market should be.
- Knowing where you stand in the product market will help you to set the price on your future goods and services.
- When you finally put your product out on the product market you will be a little nervous but also very excited.
Meaning of Product market & Product market Definition