Examples of market penetration strategy



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Customers can’t buy products they don’t know about. And in a market heavily driven by consumer trust and marker loyalty, many an consumers are loath to switch brands or try new products. After all, the thinking goes, why spend money on a trade goods that might be awful? Penetration valuation introduces customers to a new outcome at a steep discount, and often-times at a loss to the merchant.
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Market Penetration - What is it? Definition, Examples and More


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The idea describes different ways and strategies to accomplish social class penetration, such as cutting prices, increasing advertising, obtaining better store or shelf positions for products, and modern distribution tactics. Market penetration is a low pricing strategy adoptive by companies for new and existing products to a attract larger number of buyers and a banging market share (Kotler and Armstrong, 2009). This strategy increases the product sales in the company's existing markets direct an aggressive commerce mix.
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