Meaning & use

market offering

noun·Advancedbusiness

Last updated

UK/ˈmɑːkɪt ˌɒfərɪŋ/
US/ˈmɑːrkɪt ˌɔːfərɪŋ/

Meaning

  1. nouncountablebusiness

    A product, service, or combination of these that a company offers to customers.

    Grammar: Countable: a market offering, several market offerings. Often used in business and marketing writing.

    Patterns

    • a market offering
    • the company's market offering
    • develop a market offering

    The company's new market offering combines software with ongoing support.

    They spent months designing a market offering that would appeal to young families.

    A strong market offering must solve a real problem for the customer.

Word forms

pluralmarket offerings

Common combinations

new market offering
The startup launched a new market offering aimed at small businesses.
develop a market offering
The team worked to develop a market offering that could compete with cheaper brands.
core market offering
Their core market offering is a subscription-based accounting tool.
differentiate a market offering
To stand out, they differentiated their market offering with better customer service.

Synonyms and how they differ

product
A more general word for a physical or digital item; 'market offering' is broader and can include services and experiences.
offering
A shorter form often used in business contexts, but 'market offering' emphasizes that it is presented to a market.

Word family

market noun
The group of buyers and sellers, or the place where goods are sold.
offer verb
To present something for someone to accept or refuse.

Commonly confused: market offering or market share?

market offering vs market share

The portion of total sales in a market held by one company; 'market offering' is the product or service itself, not the amount sold.

Practice

Which phrase best completes the sentence: 'The firm's latest ______ includes a mobile app and a subscription service.'?

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