What Does "Corner the Market" Mean?
"Corner the market" means to dominate or control a particular market, leaving little room for competitors. It's a powerful phrase used to describe significant market influence and leadership.
For example, Amazon more or less corners the online retailing market. This means Amazon has established a dominant position, making it challenging for other companies to compete in the same space.
Understanding and using this phrase can enhance your business communication skills. When you say a company has "cornered the market," you convey that it has a substantial and influential presence in its industry.
To corner the market, a business typically offers unique value, superior products, or innovative services that attract a large customer base. Learning such expressions enriches your vocabulary and helps you articulate complex business concepts more effectively.
Watch this video to dive deeper into the meaning of "corner the market" and see example of how this phrase is used in real world.
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