marketmonitoring
nounUK /ˈmɑːkɪt ˈmɒnɪtərɪŋ/
US /ˈmɑːrkɪt ˈmɑːnɪtərɪŋ/
Watching what people buy and sell to see how things are going.
The store owner does market monitoring to learn which toys kids like best.
RELATED WORDS
OTHER MEANINGS
2. Keeping an eye on prices to see if they go up or down.
Market monitoring showed that apple prices dropped this week.
3. Checking how a business is doing compared to others.
The company uses market monitoring to stay ahead of its rivals.
4. Watching a trading place to make sure rules are followed.
Market monitoring helps keep the farmers' market fair for everyone.