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Home > QFINANCE Dictionary > Definition of market sector

Definition of

market sector

Marketing

distinctive subsection of consumers a subdivision of a market with distinctive characteristics. Market sectors are usually determined by market segmentation, which divides a market into different categories. Car buyers, for example, could be put into sectors such as car fleet buyers, private buyers, buyers under 20 years old, and so on. The smaller the sector, the more its members will have in common. Sellers may decide to compete in the whole market or only in segments that are attractive to them or where they have an advantage.

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Definitions of ’market sector’ and meaning of ’market sector’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’market sector’ and other financial terms with our online QFINANCE Financial Dictionary.

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