Greater market penetration
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Market penetration is a measure of the amount of sales or adoption of a In general, older products, offerings or industries have greater market penetrations.
Market penetration refers to the successful selling of a product or service in a specific market. . their existing customers by encouraging for more frequent or greater usages, or expanding the population size of customers in the current market.
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Description:Market Penetration by Gregory Hamel - Updated November 21, Starting and running a successful business requires you to attract enough customers with your products and services to generate revenue in excess of your company's expenses. Market share and market penetration are common terms in business management that describe different aspects of the relationship between businesses, their products and services and their consumers. What is Market Share? Market share describes the proportion of sales in a given market that a certain company controls.
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