What Is a Market Driver?

Market drivers are the forces that motivate consumers to purchase and pay for goods and services. These trends contribute to the development and growth of marketplaces. Consumer demand, government policy, and demand are the most widespread market drivers.

Before introducing a product or service to the market, a firm must first determine its target audience. This is referred to as the target audience. In terms of legislation, the recent legalisation of recreational marijuana in Colorado is an example of a market driver. Due to its legal status in this state, a brand-new sector of growers and merchants has emerged to suit customer demand.

Joel Gomez
Joel Gomezhttps://www.gadgetclock.com
Joel Gomez is an Avid Coder and technology enthusiast. To keep up with his passion he started Gadgetclock 3 years ago in 2018. Now It's his hobby at the night :) If you have any questions/queries and just wanna chit chat about technology, shoot a mail - Joel at gadgetclock com.

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