Final answer:
The term 'Incipient market' refers to a market that is likely to develop if current trends continue, as opposed to 'emerging market' which denotes a market already experiencing rapid growth.
Step-by-step explanation:
The term that refers to a market that will emerge if a particular economic, demographic, political, or socio-cultural trend continues is Emerging market. An emerging market is a country or region that has the potential to grow rapidly and become a major player in the global economy. These markets often have favorable conditions for investment and offer opportunities for businesses to expand and enter new markets.
The term that refers to a market that will emerge if a particular economic, demographic, political, or socio-cultural trend continues is B) Incipient market. An incipient market is one that is in its early stages of development; it has not yet fully evolved but has potential for growth if current trends continue. This is different from an emerging market, which is a market that is already in the process of rapid growth.