Market penetration wiki

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Articles containing video clips. Consider adding variations to a product to develop a range of products building on an established brand, for example, ice cream, snack food products, chocolate products Kit Kat, Mars bars. Market economics Marketing terminology. Integrated sales and marketing management: This strategy is more likely to be successful where: So while the market penetration may dictate how much supply is needed other factors must dictate how much inventory it is prudent to keep. While market penetration focuses on obtaining more customers from those seen as potential customers often those who have expressed in interest in the product category but not necessarily the business's specific product , market development focuses on increasing the number of potential customers.
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In fact, Ansoff himself thought about this and it was he who first mentioned the now famous phrase "paralysis by analysis". Product development can differ from the introduction of a new product in an existing market or it can involve the modification of an existing product. This is the most risky section of the Ansoff Matrix , as the business has no experience in the new market and does not know if the product is going to be successful.
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