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  • 01.05.2019
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Deeper market penetration

There are many market penetration examples that have been tried and tested for retail expansion strategies. And the recipe for success is always different. Market penetration can be understood as a strategy to enter into a new market. Professionals from the retail space should always consider applying both definitions to their expansion plans for the best results. A market penetration strategy can be broken down into tactics that must be aligned with favourable market conditions.
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Market Penetration

Deeper market penetration
Deeper market penetration
Deeper market penetration
Deeper market penetration
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Deeper product penetration will drive growth in India: Cadbury - The Economic Times

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Market penetration

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Market penetration refers to the successful selling of a product or service in a specific market. It is measured by the amount of sales volume of an existing good or service compared to the total target market for that product or service. Igor Ansoff first devised and published the Ansoff Matrix in the Harvard Business Review in , within an article titled "Strategies for Diversification". With numerous options available, this matrix helps narrow down the best fit for an organization.
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