Among the following,a market-penetration strategy will likely be most effective with ________.

Question

Quizplus · Accepted Answer

Market-penetration strategy is most effective for products that have a high potential for growth and when there is stiff competition in the market. Convenience items usually have a large target market, and there are several brands competing for market share, making a market-penetration strategy most effective.

Among the Following,a Market-Penetration Strategy Will Likely Be Most Effective