Listen to a Business English Dialogue About Market price
Eva: Hi Ryan, do you know what market price means in business and finance?
Ryan: Yes, I do. It’s the current price at which an asset, commodity, or security is bought or sold in the market.
Eva: That’s right. Market price is determined by supply and demand dynamics and reflects the collective perception of the asset’s value.
Ryan: So, does market price change constantly?
Eva: Yes, it does. Market price can fluctuate throughout the trading day as new information becomes available and investor sentiment shifts.
Ryan: I see. How do businesses use market price to make decisions?
Eva: Businesses use market price to assess the value of their assets, determine pricing strategies, and make investment decisions.
Ryan: That makes sense. So, market price is a crucial factor in determining the profitability and success of businesses.
Eva: Exactly. It’s a key metric that businesses monitor closely to stay competitive and make informed financial decisions.
Ryan: Are there any factors that can influence market price?
Eva: Yes, several factors can influence market price, including economic conditions, government policies, and changes in consumer preferences.
Ryan: I understand. It’s important for businesses to stay informed about these factors to anticipate market price movements.
Eva: Absolutely. Being proactive and adaptable to changes in market price can help businesses stay ahead in the dynamic business environment.
Ryan: Thanks for the explanation, Eva. I have a better understanding of market price now.
Eva: No problem, Ryan. I’m glad I could help. Let me know if you have any more questions about business and finance topics.