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What is market penetration


  • 19.06.2018
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Market Development vs Market Penetration Chroncom

Market penetration is a measure of the amount of sales or adoption of a product or service compared to the total theoretical market for that product or service. In addition, market penetration can also include the activities that are used to increase the market share of a particular product or service.


What is MARKET PENETRATION? definition of MARKET

A market penetration strategy involves focusing on selling your existing products or services into your existing markets to gain a higher market share. This is the first strategy most organizations will consider because it carries the lowest amount of risk.


Market Penetration - Investopedia

What is MARKET PENETRATION? 1. The action of increasing an existing products market share or new product introduction to grab market share by volume discounts, advertising, lower prices, or bundling as a strategy. 2. Percentage of a products sales volume versus total sales volume of all competing products as this relative measure.

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